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Asian stocks closed lower with reports that China may skip trade talks amid US threats of escalation. Chinese officials intimate "withholding exports" may be a possible response

Sep 17, 2018

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

Japanese Market

  • Japanese markets were closed for the Respect for the Aged Day holiday

Chinese Market

  • Hong Kong and Chinese stocks finished down overnight on news of escalating tensions between officials in Washington and Beijing following news that US President Donald Trump has told aides to proceed with implementing tariffs on an additional USDS$200bn in goods imported from China 
  • The state-owned Global Times is reporting that officials in Beijing are considering declining the US invitation to hold trade talks later this month. Chinese officials have intimated that "withholding exports", which would wreak havoc on US companies' supply chains, is a possible response 
  • The Hang Seng closed down 1.3%, Hang Seng China Enterprise declined 1.07%, and the CSI 300 retreated 1.15%
  • Typhoon Mangkhut which hit Hong Kong further negatively impacted investor sentiment  
  • Damage from Typhoon Mangkhut is expected to cost the Macau Casino industry ~USD$1865mm with both Sands China (1928 HK) and Wynn Maca (1128 HK) closing down 4%+ 
  • In mainland China, A-Shares have fallen to a 4-year low, with the Shanghai Composite down almost 25% since reaching its high in January 2018 
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.14x
  • 7 stocks in the Hang Seng hit 4-week highs while 1 stocks reached 4-week lows
  • 3 stocks in the Hang Seng closed overbought while 2 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8469
  • CNY¥ is currently little changed against the USD$ at 6.8684
  • China RMB 2-Year Government Bonds are lower with yields up 0.3 basis points to 3.219%
  • China RMB 10-Year Government Bonds are higher with yields down -1.5 basis points to 3.662%
  • China Government RMB 2s-10s Spread has narrowed 1.8 basis points to 0.44%

Australian Market

  • Aussie stocks finished their trading positive, erasing earlier session losses, despite market commentators suggesting investors were expecting more larger tariffs from the United States and a more aggressive response from trade officials in China 
  • ASX 200 finished up 0.32%
  • Investor sentiment for Aussie stocks finished positive with the advance/decline ratio for the ASX 200 closing at 1.56x
  • 12 stocks in the ASX 200 hit 4-week highs while 26 stocks reached 4-week lows
  • 6 stocks in the ASX 200 closed overbought while 6 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.266% against the USD$ to 0.7172
  • Aussie 2-Year Government Bonds are lower with yields up 0.4 basis points to 2.027%
  • Australia 10-Year Government Bonds are lower with yields up 2.2 basis points to 2.624%
  • Aussie Government 2s-10s Spread has widened 0.134 basis points to 0.6%

Indian Market

  • Indian stocks closed in the red after a downgrade of Indian stocks by Goldman Saches pressures investor sentiment 
  • Goldman Sachs believes valuations are stretched in India with upcoming macro and election risks making the risk/reward less appealing 
  • The Sensex finished down 1.33% and the Nifty 50 closed lower by 1.19%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.19x
  • 2 stocks in the Sensex hit 4-week highs while 0 stocks reached 4-week lows
  • 2 stocks in the Sensex closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.901% against the USD$ to 72.5025
  • India 2-Year Government Bonds are higher with yields down -6.2 basis points to 7.91%
  • India 10-Year Government Bonds are higher with yields down -2.7 basis points to 8.1%
  • India Government 2s-10s Spread has widened 7.101 basis points to 0.19%


Hang Seng Movers

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

 
Outperformers Sector Price 1D % Chg Volume
WH Group Ltd Consumer Staples 5.35 -2.90%      43,273,635.00
Ping An Insurance Group Co of China Ltd Financials 74.6 -0.80%      22,939,673.00
CNOOC Ltd Energy 14.5 -0.82%      59,698,077.00
Tencent Holdings Ltd Information Technology 319 -3.27%      18,863,537.00
Sands China Ltd Consumer Discretionary 35.7 1.28%      22,632,139.00
 
Underformers Sector Price 1D % Chg Volume
China Mengniu Dairy Co Ltd Consumer Staples 22.4 -1.97%         7,008,415.00
Hengan International Group Co Ltd Consumer Staples 67.7 -1.47%         1,608,216.00
CSPC Pharmaceutical Group Ltd Health Care 16.1 -4.16%      34,328,341.00
Wharf Real Estate Investment Co Ltd Real Estate 52.3 -2.24%         1,288,717.00
Link REIT Real Estate 75.8 -1.43%         5,003,634.00

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Charter Hall Long Wale REIT Real Estate 4.36 -0.68%          186,151.00
Altium Ltd Information Technology 26.29 1.98%          388,933.00
WiseTech Global Ltd Information Technology 21.41 1.47%          282,914.00
TPG Telecom Ltd Telecommunication Services 8.72 3.81%      1,561,112.00
Appen Ltd Information Technology 14.35 1.56%          543,096.00
 
Underformers Sector Price 1D % Chg Volume
Primary Health Care Ltd Health Care 2.87 1.06%      3,495,453.00
Adelaide Brighton Ltd Materials 6.22 -0.16%          692,721.00
Western Areas Ltd Materials 2.39 -2.45%      1,314,551.00
Fletcher Building Ltd Materials 5.84 1.21%          731,801.00
Bapcor Ltd Consumer Discretionary 7.42 -0.13%      1,329,732.00

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Coal India Ltd Energy 274.8 -0.90%        969,111.00
Axis Bank Ltd Financials 626.05 -1.60%        960,464.00
NTPC Ltd Utilities 172.6 -1.37%          84,301.00
Sun Pharmaceutical Industries Ltd Health Care 646.15 -2.56%        213,552.00
Wipro Ltd Information Technology 329.15 -0.30%        222,541.00
 
Underformers Sector Price 1D % Chg Volume
Tata Steel Ltd Materials 615.65 0.05%        504,491.00
Hindustan Unilever Ltd Consumer Staples 1604.05 -1.60%          29,322.00
Vedanta Ltd Materials 234.65 -0.36%    1,019,151.00
Mahindra & Mahindra Ltd Consumer Discretionary 947.2 -0.35%          64,213.00
Yes Bank Ltd Financials 318.6 -1.39%        556,217.00