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Asian stocks closed higher with Japan nearing a 27 year high while the Hang Seng booked its fifth straight month of losses despite closing higher for the week

Sep 28, 2018

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

Japanese Market

  • Japanese stocks are nearing a 27-year high as export-sensitive stocks are benefitting from a strong USD$ and a resilient US economy  
  • Strategists are raising the possibility of Japanese companies raising earnings guidance as most management teams have been forecasting the Yen at 105 – a recalibration of forex expectations may lead to a boost to earnings expectations 
  • The Nikkei 225 finished up 1.36% and the Topix closed up 0.95%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 5.25x
  • 68 stocks in the Nikkei 225 hit 4-week highs while 2 stocks reached 4-week lows
  • 54 stocks in the Nikkei 225 closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently little changed against the USD$ at 113.41
  • Japan 2-Year Government Bonds are lower with yields up 0.3 basis points to -0.111%
  • Japan 10-Year Government Bonds are lower with yields up 1 basis points to 0.13%
  • JGBs 2s-10s Spread has widened 0.7 basis points to 0.24%

Chinese Market

  • Hong Kong stocks finished nominally positive with commercial real estate stocks declining for the second straight day 
  • While Chinese stocks have rebounded over the past 2 weeks, the Hang Seng booked its fifth straight month of declines as US-China global trade tensions weighed on investor sentiment 
  • A-share large-cap stocks has become a safe haven for investors in mainland China stocks as concerns about escalating trade tension between the US and China have raised risk premiums in domestic Chinese markets
  • The Hang Seng closed up 0.26%, Hang Seng China Enterprise advanced 0.72%, and the CSI 300 rose 1.04%
  • Investor sentiment for Hong Kong stocks finished neutral with the advance/decline ratio for the Hang Seng closing at 1.08x
  • 3 stocks in the Hang Seng hit 4-week highs while 0 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8264
  • CNY¥ is currently little changed against the USD$ at 6.8831
  • China RMB 2-Year Government Bonds are higher with yields down -1 basis points to 3.188%
  • China RMB 10-Year Government Bonds are higher with yields down -1.1 basis points to 3.625%
  • China Government RMB 2s-10s Spread has narrowed 0.09 basis points to 0.44%

Australian Market

  • Aussie stock finished positive overnight after a government inquiry into irregularities in the domestic banking system did not recommend any specific actions 
  • ASX 200 finished up 0.43%
  • Investor sentiment for Aussie stocks finished positive with the advance/decline ratio for the ASX 200 closing at 1.38x
  • 25 stocks in the ASX 200 hit 4-week highs while 13 stocks reached 4-week lows
  • 7 stocks in the ASX 200 closed overbought while 1 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently little changed against the USD$ at 0.7213
  • Aussie 2-Year Government Bonds are higher with yields down -1.7 basis points to 2.034%
  • Australia 10-Year Government Bonds are higher with yields down -2 basis points to 2.668%
  • Aussie Government 2s-10s Spread has narrowed 1.769 basis points to 0.63%

Indian Market

  • Indian stocks finished their trading session in the red as the Sensex closed down 6.3% for the month of September –- the worst decline is almost 2 years 
  • The default of infrastructure lender IL&FS has led to a sell-off in Indian banking stocks the past week
  • The Sensex finished down 0.27% and the Nifty 50 closed lower by 0.43%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.48x
  • 1 stocks in the Sensex hit 4-week highs while 5 stocks reached 4-week lows
  • 0 stocks in the Sensex closed overbought while 6 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently down 0.167% against the USD$ to 72.4763
  • India 2-Year Government Bonds are higher with yields down -0.2 basis points to 7.862%
  • India 10-Year Government Bonds are lower with yields up 0.8 basis points to 8.035%
  • India Government 2s-10s Spread has widened 0.367 basis points to 0.17%

Nikkei 225 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
SoftBank Group Corp Telecommunication Services 11470 4.65%      8,708,300.00
Sony Corp Consumer Discretionary 6966 4.52%    10,999,200.00
Yahoo Japan Corp Information Technology 409 3.81%    37,349,900.00
Mitsubishi Chemical Holdings Corp Materials 1088 3.77%    11,411,500.00
Showa Denko KK Materials 6270 3.64%      3,316,600.00
 
Underformers Sector Price 1D % Chg Volume
Taiyo Yuden Co Ltd Information Technology 2554 -3.44%      8,784,800.00
Fujikura Ltd Industrials 537 -2.72%    10,777,500.00
Sumitomo Osaka Cement Co Ltd Materials 4710 -2.69%          375,000.00
Toray Industries Inc Materials 853.5 -2.30%      8,945,600.00
Alps Electric Co Ltd Information Technology 2886 -2.20%      4,625,700.00

Hang Seng Movers

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

 
Outperformers Sector Price 1D % Chg Volume
CNOOC Ltd Energy 15.5 3.75%    131,120,508.00
CITIC Ltd Industrials 11.7 2.46%      12,520,727.00
China Mengniu Dairy Co Ltd Consumer Staples 26.1 2.36%      13,390,856.00
China Petroleum & Chemical Corp Energy 7.84 1.95%    120,139,112.00
PetroChina Co Ltd Energy 6.34 1.77%    134,790,192.00
 
Underformers Sector Price 1D % Chg Volume
Country Garden Holdings Co Ltd Real Estate 9.87 -5.28%      79,214,212.00
Wharf Real Estate Investment Co Ltd Real Estate 50.5 -2.70%         3,454,957.00
CK Asset Holdings Ltd Real Estate 58.8 -2.08%         7,765,129.00
China Shenhua Energy Co Ltd Energy 17.9 -1.54%      13,388,883.00
CSPC Pharmaceutical Group Ltd Health Care 16.6 -1.42%      27,454,603.00

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Nanosonics Ltd Health Care 3.59 4.97%      3,924,664.00
Infigen Energy Utilities 0.59 3.51%      2,300,504.00
Atlas Arteria Ltd Industrials 6.98 3.25%      5,674,364.00
Spark Infrastructure Group Utilities 2.24 2.75%      4,630,377.00
ALS Ltd Industrials 8.94 2.17%      2,478,462.00
 
Underformers Sector Price 1D % Chg Volume
SpeedCast International Ltd Telecommunication Services 4.01 -3.84%      3,199,149.00
Blackmores Ltd Consumer Staples 132.4 -3.33%          128,324.00
a2 Milk Co Ltd Consumer Staples 10.24 -2.94%      5,317,409.00
CSR Ltd Materials 3.77 -2.33%      3,642,478.00
Ausdrill Ltd Materials 1.77 -1.94%      4,450,917.00

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Axis Bank Ltd Financials 612.35 2.28%        960,464.00
Housing Development Finance Corp Ltd Financials 1755.5 1.49%        100,547.00
HDFC Bank Ltd Financials 2005.65 1.40%          93,651.00
ITC Ltd Consumer Staples 296.7 1.18%        926,480.00
Wipro Ltd Information Technology 324.2 1.12%        222,541.00
 
Underformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 183.45 -9.72%        556,217.00
Hero MotoCorp Ltd Consumer Discretionary 2932.15 -5.16%          17,281.00
Bharti Airtel Ltd Telecommunications 338.25 -5.01%        176,699.00
Tata Steel Ltd Materials 580.35 -4.85%        504,491.00
Vedanta Ltd Materials 231.75 -3.60%    1,019,151.00