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Asian stocks closed mostly higher on 10% tariff announcement as much feared higher 25% level will only come months from now

Sep 18, 2018

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

Japanese Market

  • Following yesterday’s holiday, Japanese stocks had their best one day move since March 2018 as the US government’s decision to place a 10% tariffs on additional USD$200bn in imports from China was lower than expected – expectations were for a 25% tariff 
  • The Nikkei 225 finished up 1.41% and the Topix closed up 1.81%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 15.07x
  • 52 stocks in the Nikkei 225 hit 4-week highs while 5 stocks reached 4-week lows
  • 20 stocks in the Nikkei 225 closed overbought while 5 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently up 0.215% against the USD$ to 112.09
  • Japan 2-Year Government Bonds are lower with yields up 0.1 basis points to -0.103%
  • Japan 10-Year Government Bonds are higher with yields down -0.1 basis points to 0.117%
  • JGBs 2s-10s Spread has narrowed 0.2 basis points to 0.22%

Chinese Market

  • Hong Kong and Chinese stocks bounced off their early trading session lows, shrugging off news that the US government will implement 10% tariffs against an additional USD$200bn in imports from China 
  • Infrastructure stocks in Hong Kong and Shanghai led an afternoon rally in the respective stock exchanges as investors weighed the possibility of an additional stimulus from the Chinese government in the form of additional investment on tollways and bridges 
  • The Hang Seng closed up 0.56%, Hang Seng China Enterprise advanced 0.91%, and the CSI 300 rose 2.01%
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 4x
  • 1 stocks in the Hang Seng hit 4-week highs while 0 stocks reached 4-week lows
  • 1 stocks in the Hang Seng closed overbought while 3 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8441
  • CNY¥ is currently up 0.169% against the USD$ to 6.8686
  • China RMB 2-Year Government Bonds are higher with yields down -0.9 basis points to 3.21%
  • China RMB 10-Year Government Bonds are lower with yields up 0.3 basis points to 3.665%
  • China Government RMB 2s-10s Spread has widened 1.2 basis points to 0.46%

Australian Market

  • Australian stocks finished in the red, in contrast to their couterparts in Asia, with energy and technology stocks weighing on the ASX 200 
  • ASX 200 finished down 0.38%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.56x
  • 20 stocks in the ASX 200 hit 4-week highs while 21 stocks reached 4-week lows
  • 8 stocks in the ASX 200 closed overbought while 3 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.334% against the USD$ to 0.7206
  • Aussie 2-Year Government Bonds are lower with yields up 4 basis points to 2.067%
  • Australia 10-Year Government Bonds are lower with yields up 3.7 basis points to 2.661%
  • Aussie Government 2s-10s Spread has narrowed 3.666 basis points to 0.59%

Indian Market

  • Indian stocks closed negative overnight following news that the Indian government is considering merging three state-run banks in an attempt to solidify the over-leveraged national banking system 
  • News that Saudia Arabia has no plans to increase production to offset a loss of supply from Iran further pressured Indian stocks as worries about rising consumer inflation hit consumer stocks
  • The Sensex finished down 0.78% and the Nifty 50 closed lower by 0.87%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.29x
  • 1 stocks in the Sensex hit 4-week highs while 1 stocks reached 4-week lows
  • 1 stocks in the Sensex closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.283% against the USD$ to 72.7138
  • India 2-Year Government Bonds are lower with yields up 0.2 basis points to 7.968%
  • India 10-Year Government Bonds are lower with yields up 0.7 basis points to 8.105%
  • India Government 2s-10s Spread has widened 0.083 basis points to 0.14%

Nikkei 225 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Keio Corp Industrials 6210 5.43%          384,100.00
JFE Holdings Inc Materials 2469 5.13%      4,819,000.00
Tosoh Corp Materials 1690 4.90%      3,129,500.00
T&D Holdings Inc Financials 1727 4.83%      3,768,600.00
JGC Corp Industrials 2365 4.74%      2,109,600.00
 
Underformers Sector Price 1D % Chg Volume
SoftBank Group Corp Telecommunication Services 10710 -2.15%      6,431,500.00
Alps Electric Co Ltd Information Technology 3070 -2.07%      2,107,200.00
Recruit Holdings Co Ltd Industrials 3468 -2.03%      6,976,400.00
Kyocera Corp Information Technology 6449 -0.88%      2,379,000.00
Fast Retailing Co Ltd Consumer Discretionary 57660 -0.74%      1,339,200.00

Hang Seng Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Galaxy Entertainment Group Ltd Consumer Discretionary 51.2 4.07%      29,787,104.00
Hengan International Group Co Ltd Consumer Staples 69.7 3.03%         3,782,104.00
New World Development Co Ltd Real Estate 10.3 2.59%      14,654,248.00
China Merchants Port Holdings Co Ltd Industrials 15.2 2.01%         3,964,342.00
China Shenhua Energy Co Ltd Energy 16.8 1.95%      13,832,785.00
 
Underformers Sector Price 1D % Chg Volume
Geely Automobile Holdings Ltd Consumer Discretionary 14.1 -3.94%    114,090,486.00
CSPC Pharmaceutical Group Ltd Health Care 16 -1.12%      72,010,675.00
Bank of East Asia Ltd/The Financials 28.8 -0.69%         2,315,979.00
Tencent Holdings Ltd Information Technology 318 -0.38%      24,482,875.00
Sino Land Co Ltd Real Estate 13.4 -0.30%         6,374,178.00

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Western Areas Ltd Materials 2.49 4.18%      3,623,466.00
Metcash Ltd Consumer Staples 2.92 3.18%      5,074,738.00
Estia Health Ltd Health Care 2.47 2.92%      3,922,543.00
Fisher & Paykel Healthcare Corp Ltd Health Care 14.03 2.04%          236,948.00
Spark New Zealand Ltd Telecommunication Services 3.72 1.92%      1,793,001.00
 
Underformers Sector Price 1D % Chg Volume
Afterpay Touch Group Ltd Information Technology 15.94 -5.12%      2,418,929.00
Altium Ltd Information Technology 25.17 -4.26%          496,111.00
SpeedCast International Ltd Telecommunication Services 3.92 -3.69%      5,684,563.00
WorleyParsons Ltd Energy 19.94 -3.44%          544,634.00
Sigma Healthcare Ltd Health Care 0.565 -3.42%      2,147,760.00

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Hindustan Unilever Ltd Consumer Staples 1666.15 3.87%          29,322.00
Yes Bank Ltd Financials 323.15 1.43%        556,217.00
Wipro Ltd Information Technology 332.5 1.02%        222,541.00
Oil & Natural Gas Corp Ltd Energy 173.35 0.93%        845,921.00
ITC Ltd Consumer Staples 302.6 0.23%        926,480.00
 
Underformers Sector Price 1D % Chg Volume
State Bank of India Financials 274 -4.06%    3,477,241.00
Tata Motors Ltd Consumer Discretionary 251.45 -3.36%        743,398.00
Bajaj Auto Ltd Consumer Discretionary 2775.9 -2.84%          28,503.00
Axis Bank Ltd Financials 608.45 -2.81%        960,464.00
Tata Motors Ltd Consumer Discretionary 137.55 -2.45%        176,569.00