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Asian stocks starting the week lower, China revisiting lows of June 2017 behind slowing growth and sharp trade rhetoric while Japan is closed today

Oct 08, 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 Health-Sports Day holiday

Chinese Market

  • The Hang Seng is back at early September lows, which were the lowest reading on the Hang Seng since June/July 2017 
  • The decline in Chinese stocks, the first trading session in a week, was the biggest drop since about 2 years, driven by heightened fears of slowing Chinese growth exacerbated by trade war rhetoric between the US and China
  • The People’s Bank of China (PBOC) cut its reserve ratio for banks to 1.0% -- the cut in the reserve ratio is expected to make USD$175bn in capital available for investment thought almost ½ is expected to be used to repay maturing medium-term funding 
  • US Secretary of States had a “testy” start to a state visit to Beijing – the US Secretary of State claimed a “fundamental disagreement” with his Chinese counterpart, Foreign Minister Wang Yi, who accused the US of escalating trade disputes, interfering in Taiwan and meddling in domestic Chinese affairs
  • The Hang Seng closed down 1.39%, Hang Seng China Enterprise declined 1.3%, and the CSI 300 retreated 4.3%
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.16x
  • 2 stocks in the Hang Seng hit 4-week highs while 12 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 3 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8301
  • CNY¥ is currently up 0.802% against the USD$ to 6.9239
  • China RMB 2-Year Government Bonds are higher with yields down -3.9 basis points to 3.149%
  • China RMB 10-Year Government Bonds are higher with yields down -0.6 basis points to 3.619%
  • China Government RMB 2s-10s Spread has widened 3.3 basis points to 0.47%

Australian Market

  • Aussie stocks hit a 4-month low with banking stocks dragging down the ASX 200 after Australia & New Zealand Bank (ANZ AU) announced it would take an after-tax hit to earnings 
    ASX 200 finished down 1.38%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.18x
  • 20 stocks in the ASX 200 hit 4-week highs while 30 stocks reached 4-week lows
  • 13 stocks in the ASX 200 closed overbought while 11 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently little changed against the USD$ at 0.7064
  • Aussie 2-Year Government Bonds are lower with yields up 3.4 basis points to 2.021%
  • Australia 10-Year Government Bonds are lower with yields up 5.4 basis points to 2.768%
  • Aussie Government 2s-10s Spread has widened 3.287 basis points to 0.75%

Indian Market

  • Indian stocks were the only major Asia stock market to finish in the green as domestic traders believe the Sensex has entered oversold territory
  • The Sensex finished up 0.28% and the Nifty 50 closed higher by 0.31%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.94x
  • 0 stocks in the Sensex hit 4-week highs while 15 stocks reached 4-week lows
  • 0 stocks in the Sensex closed overbought while 14 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.357% against the USD$ to 74.0287
  • India 2-Year Government Bonds are higher with yields down -10.7 basis points to 7.728%
  • India 10-Year Government Bonds are higher with yields down -5.7 basis points to 7.968%
  • India Government 2s-10s Spread has widened 11.057 basis points to 0.24%


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 52.1 1.46%         3,048,635.00
Bank of Communications Co Ltd Financials 5.63 0.90%      26,575,872.00
CITIC Ltd Industrials 11.8 0.68%         9,633,548.00
China Mobile Ltd Telecommunication Services 78.1 0.64%      21,462,303.00
MTR Corp Ltd Industrials 40.4 0.37%         2,979,651.00
 
Underformers Sector Price 1D % Chg Volume
Country Garden Holdings Co Ltd Real Estate 9.05 -6.70%      68,824,902.00
Galaxy Entertainment Group Ltd Consumer Discretionary 45.3 -6.60%      26,137,119.00
Sunny Optical Technology Group Co Ltd Information Technology 76.7 -6.35%      10,733,610.00
China Petroleum & Chemical Corp Energy 6.96 -4.53%    238,740,537.00
Sands China Ltd Consumer Discretionary 34.8 -3.87%      20,877,240.00

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
MYOB Group Ltd Information Technology 3.55 19.13%         9,505,696.00
Lynas Corp Ltd Materials 1.835 2.80%      14,703,176.00
Super Retail Group Ltd Consumer Discretionary 8.93 2.29%            795,762.00
Technology One Ltd Information Technology 5.5 1.48%            764,446.00
Evolution Mining Ltd Materials 2.76 1.48%         8,323,724.00
 
Underformers Sector Price 1D % Chg Volume
Alumina Ltd Materials 2.84 -6.89%      21,388,734.00
Beach Energy Ltd Energy 1.985 -5.92%         9,879,477.00
BlueScope Steel Ltd Materials 16.05 -5.64%         4,187,244.00
Afterpay Touch Group Ltd Information Technology 16.73 -5.48%         1,962,499.00
South32 Ltd Materials 4 -5.44%      23,607,544.00

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 220.8 7.08%        556,217.00
Reliance Industries Ltd Energy 1107.95 5.53%        278,816.00
Hero MotoCorp Ltd Consumer Discretionary 2881.75 5.14%          17,281.00
Kotak Mahindra Bank Ltd Financials 1104.6 4.87%          96,262.00
Asian Paints Ltd Materials 1251.45 3.61%          85,300.00
 
Underformers Sector Price 1D % Chg Volume
Vedanta Ltd Materials 206.85 -10.78%    1,019,151.00
Housing Development Finance Corp Ltd Financials 1670.15 -2.62%        100,547.00
Wipro Ltd Information Technology 318.35 -2.14%        222,541.00
Axis Bank Ltd Financials 556.5 -2.10%        960,464.00
Tata Motors Ltd Consumer Discretionary 212.75 -1.75%        743,398.00