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Asian stocks open generally lower, Japan bucks the trend on hope cheaper yen boosts exports

Sep 10, 2018

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*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Japanese Market

  • Japanese stocks closed positive, outperforming all other Asian peers, as Friday’s US payrolls data for August 2018 point to increasing wage inflation and suggest a weaker Yen if the US Fed were to raise benchmark interest rates 
  • A weaker Yen is seen as a positive factor Japanese stocks where the major Japanese indices are over-exposed to export-driven stocks
  • The Nikkei 225 finished up 0.3% and the Topix closed up 0.2%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 1.85x
  • 8 stocks in the Nikkei 225 hit 4-week highs while 85 stocks reached 4-week lows
  • 6 stocks in the Nikkei 225 closed overbought while 25 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently little changed against the USD$ at 111.11
  • Japan 2-Year Government Bonds are flat with yields little changed 0 basis points to -0.105%
  • Japan 10-Year Government Bonds are lower with yields up 0.5 basis points to 0.118%
  • JGBs 2s-10s Spread has widened 0.5 basis points to 0.22%

Chinese Market

  • Chinese and Hong Kong Stocks finished in the red following comments by US President Trump that he is prepared to implement tariffs on ALL goods imported from China last Friday 
  • Hong Kong Stocks are nearing a technical “bear market” as the sell-off is nearing a 20% decline from January highs  
  • The Hang Seng closed down 1.33%, Hang Seng China Enterprise declined 1.19%, and the CSI 300 retreated 1.45%
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.14x
  • 2 stocks in the Hang Seng hit 4-week highs while 19 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 4 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8497
  • CNY¥ is currently up 0.248% against the USD$ to 6.8608
  • China RMB 2-Year Government Bonds are flat with yields little changed 0 basis points to 3.134%
  • China RMB 10-Year Government Bonds are lower with yields up 1.3 basis points to 3.658%
  • China Government RMB 2s-10s Spread has widened 1.3 basis points to 0.52%

Australian Market

  • Aussies stocks were little changed, technically, closing negative again, the worst losing streak in 3 years  
  • ASX 200 finished down 0.03%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.71x
  • 5 stocks in the ASX 200 hit 4-week highs while 53 stocks reached 4-week lows
  • 5 stocks in the ASX 200 closed overbought while 7 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.211% against the USD$ to 0.7122
  • Aussie 2-Year Government Bonds are lower with yields up 2 basis points to 1.999%
  • Australia 10-Year Government Bonds are lower with yields up 2.9 basis points to 2.577%
  • Aussie Government 2s-10s Spread has widened 1.789 basis points to 0.58%

Indian Market

  • Indian stocks started the week negative, a continuation of last week’s negative slide, as the sell-off in emerging markets assets is threatening to spread to India and impair economic growth 
  • The Sensex finished down 1.2% and the Nifty 50 closed lower by 1.28%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.11x
  • 6 stocks in the Sensex hit 4-week highs while 4 stocks reached 4-week lows
  • 2 stocks in the Sensex closed overbought while 1 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.946% against the USD$ to 72.415
  • India 2-Year Government Bonds are higher with yields down -0.9 basis points to 7.855%
  • India 10-Year Government Bonds are lower with yields up 9 basis points to 8.119%
  • India Government 2s-10s Spread has widened 1.846 basis points to 0.26%

Nikkei 225 Movers

In local currency.
On Mobile/Tablet scroll to the right.

 
Outperformers Sector Price 1D % Chg Volume
Chiyoda Corp Industrials 800 3.49%      1,949,400.00
Terumo Corp Health Care 6410 3.39%      1,472,000.00
Pacific Metals Co Ltd Materials 3650 2.96%          212,000.00
JGC Corp Industrials 2255 2.78%          911,300.00
Nichirei Corp Consumer Staples 2747 2.69%      1,169,900.00
 
Underformers Sector Price 1D % Chg Volume
Taiyo Yuden Co Ltd Information Technology 2984 -4.05%      2,584,200.00
NH Foods Ltd Consumer Staples 3825 -3.04%          782,700.00
Taiheiyo Cement Corp Materials 3190 -2.89%          792,700.00
SCREEN Holdings Co Ltd Information Technology 7080 -2.75%          722,600.00
Tokai Carbon Co Ltd Materials 1885 -2.73%      6,950,800.00

Hang Seng Movers

In local currency.
On Mobile/Tablet scroll to the right.

 
Outperformers Sector Price 1D % Chg Volume
Wharf Real Estate Investment Co Ltd Real Estate 51.2 1.99%         4,248,416.00
Want Want China Holdings Ltd Consumer Staples 6.33 1.12%      20,793,071.00
China Petroleum & Chemical Corp Energy 7.44 0.95%    135,324,356.00
PetroChina Co Ltd Energy 5.83 0.52%    145,057,895.00
CLP Holdings Ltd Utilities 91.4 0.22%         3,111,380.00
 
Underformers Sector Price 1D % Chg Volume
Sunny Optical Technology Group Co Ltd Information Technology 89.5 -4.28%      10,895,705.00
AAC Technologies Holdings Inc Information Technology 79.7 -3.63%         6,511,115.00
China Mengniu Dairy Co Ltd Consumer Staples 22.5 -3.23%      11,493,840.00
China Shenhua Energy Co Ltd Energy 16.8 -3.12%      18,671,647.00
China Resources Land Ltd Real Estate 25.5 -3.05%      10,733,905.00

ASX 200 Movers

In local currency.
On Mobile/Tablet scroll to the right.

 
Outperformers Sector Price 1D % Chg Volume
Axis Bank Ltd Financials 651.55 0.95%        960,464.00
Wipro Ltd Information Technology 324.9 0.29%        222,541.00
Power Grid Corp of India Ltd Utilities 193.05 0.03%        111,432.00
Tata Consultancy Services Ltd Information Technology 2081.2 0.02%          57,673.00
Infosys Ltd Information Technology 731.95 -0.09%    1,581,820.00
 
Underformers Sector Price 1D % Chg Volume
Sun Pharmaceutical Industries Ltd Health Care 639.5 -3.85%        213,552.00
Mahindra & Mahindra Ltd Consumer Discretionary 938 -3.59%          64,213.00
Vedanta Ltd Materials 223.2 -3.40%    1,019,151.00
State Bank of India Financials 285 -2.54%    3,477,241.00
IndusInd Bank Ltd Financials 1828.6 -2.41%          42,184.00

Sensex Movers

In local currency.
On Mobile/Tablet scroll to the right.

 
Outperformers Sector Price 1D % Chg Volume
Afterpay Touch Group Ltd Information Technology 16.11 7.40%      3,000,323.00
Mayne Pharma Group Ltd Health Care 1.185 3.95%      8,718,726.00
Xero Ltd Information Technology 47.76 3.22%          483,541.00
Metcash Ltd Consumer Staples 2.78 2.96%      3,574,824.00
WiseTech Global Ltd Information Technology 20.92 2.95%          605,518.00
 
Underformers Sector Price 1D % Chg Volume
SpeedCast International Ltd Telecommunication Services 4.21 -5.61%      3,261,661.00
Galaxy Resources Ltd Materials 2.52 -4.91%      2,066,636.00
Resolute Mining Ltd Materials 1.095 -4.37%      6,398,866.00
Greencross Ltd Consumer Discretionary 3.83 -4.25%          964,396.00
Pact Group Holdings Ltd Materials 3.81 -4.03%      2,575,188.00