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Asian stocks close higher, with gains building after China pledges further support for its economy, potentially including tax cuts worth up to USD$1.2 trillion

Oct 22, 2018

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

Japanese Market

  • Japanese stocks reversed earlier session losses to finish in the black following news that Chinese government plans to use fiscal policy to jumpstart the domestic economy
  • The Nikkei 225 finished up 0.37% and the Topix closed up 0.15%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 1.65x
  • 0 stocks in the Nikkei 225 hit 4-week highs while 70 stocks reached 4-week lows
  • 0 stocks in the Nikkei 225 closed overbought while 11 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently up 0.24% against the USD$ to 112.82
  • Japan 2-Year Government Bonds are lower with yields up 0.2 basis points to -0.114%
  • Japan 10-Year Government Bonds are lower with yields up 0.5 basis points to 0.154%
  • JGBs 2s-10s Spread has widened 0.3 basis points to 0.27%
     

Chinese Market

  • Chinese stocks close up strong across the board, with CSI300 having biggest one day move in 2 years
  • Officials in Beijing announced they are considering a potential tax cut which could be worth up to USD$1.2tn -- reported 3Q GDP growth rate of +6.5% was the slowest pace since CY2009
  • The Hang Seng closed up 2.32%, Hang Seng China Enterprise advanced 2.63%, and the CSI 300 rose 4.32%
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 24x
  • 0 stocks in the Hang Seng hit 4-week highs while 13 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 5 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8395
  • CNY¥ is currently up 0.189% against the USD$ to 6.9421
  • China RMB 2-Year Government Bonds are higher with yields down -0.3 basis points to 3.137%
  • China RMB 10-Year Government Bonds are lower with yields up 2.7 basis points to 3.603%
  • China Government RMB 2s-10s Spread has widened 3 basis points to 0.47%
     

Australian Market

  • Aussie stocks dropped following news that the ruling Liberal Party lost the special election for the seat vacated by former Prime Minister Malcom Turnbull is an independent candidate -- the Labor Party is on track to gain power during general elections in May 2019
  • ASX 200 finished down 0.58%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.41x
  • 16 stocks in the ASX 200 hit 4-week highs while 29 stocks reached 4-week lows
  • 3 stocks in the ASX 200 closed overbought while 18 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently down 0.225% against the USD$ to 0.7103
  • Aussie 2-Year Government Bonds are lower with yields up 0.6 basis points to 2.032%
  • Australia 10-Year Government Bonds are lower with yields up 2.1 basis points to 2.703%
  • Aussie Government 2s-10s Spread has widened 0.375 basis points to 0.67%

Indian Market

  • Indian stocks bounced back from last week’s downdraft after HDFC Bank (HDFCBANK IN) earnings boosted the outlook for financials stocks
  • The Sensex finished down 0.53% and the Nifty 50 closed lower by 0.57%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.41x
  • 1 stock in the Sensex hit 4-week highs while 4 stocks reached 4-week lows
  • 0 stocks in the Sensex closed overbought while 3 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.326% against the USD$ to 73.5638
  • India 2-Year Government Bonds are higher with yields down -0.9 basis points to 7.626%
  • India 10-Year Government Bonds are lower with yields up 0.8 basis points to 7.93%
  • India Government 2s-10s Spread has widened 1.226 basis points to 0.3%

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Shiseido Co Ltd Consumer Staples 7228 4.29%      3,546,400.00
Yaskawa Electric Corp Information Technology 3310 3.60%      5,073,500.00
SUMCO Corp Information Technology 1634 3.42%      8,582,600.00
Credit Saison Co Ltd Financials 1776 3.20%      1,526,100.00
Toho Zinc Co Ltd Materials 4430 3.02%          189,100.00
 
Underformers Sector Price 1D % Chg Volume
Kawasaki Heavy Industries Ltd Industrials 2835 -9.28%      5,352,800.00
Showa Shell Sekiyu KK Energy 2127 -3.62%      2,448,400.00
Nippon Sheet Glass Co Ltd Industrials 1156 -3.34%      1,300,500.00
JXTG Holdings Inc Energy 777.4 -2.78%    15,587,300.00
Rakuten Inc Consumer Discretionary 772.6 -2.55%    19,680,000.00

Hang Seng Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Geely Automobile Holdings Ltd Consumer Discretionary 15.1 7.85%          105,016,082
China Mengniu Dairy Co Ltd Consumer Staples 24.9 7.34%            17,119,228
China Resources Land Ltd Real Estate 27.3 7.28%            17,943,334
CSPC Pharmaceutical Group Ltd Health Care 17.3 5.88%            50,565,420
Sands China Ltd Consumer Discretionary 35.15 3.99%            24,878,556
 
Underformers Sector Price 1D % Chg Volume
China Mobile Ltd Telecommunication Services 77.5 -0.45%            15,725,321
MTR Corp Ltd Industrials 38.8 -0.26%               4,336,213
China Merchants Port Holdings Co Ltd Industrials 14.1 0.00%               3,184,145
Henderson Land Development Co Ltd Real Estate 37.8 0.13%               2,168,246
CLP Holdings Ltd Utilities 88.8 0.17%               3,041,413

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Pilbara Minerals Ltd Materials 0.825 5.10%            5,112,024
Western Areas Ltd Materials 2.41 3.43%            3,314,488
Vocus Group Ltd Telecommunication Services 3.55 2.90%            9,201,132
Afterpay Touch Group Ltd Information Technology 12.85 2.80%            1,616,905
Resolute Mining Ltd Materials 1.15 2.67%            6,352,023
 
Underformers Sector Price 1D % Chg Volume
Flight Centre Travel Group Ltd Consumer Discretionary 46.08 -9.98%            1,466,481
Lynas Corp Ltd Materials 1.6 -5.33%            7,776,303
WiseTech Global Ltd Information Technology 16.69 -4.95%                732,524
Australian Pharmaceutical Industries Ltd Health Care 1.665 -4.58%            1,616,059
Appen Ltd Information Technology 11.01 -4.09%                642,473

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
ICICI Bank Ltd Financials 327 3.84%          4,618,326
NTPC Ltd Utilities 165 1.95%                84,301
Bajaj Auto Ltd Consumer Discretionary 2556.8 1.86%                28,503
HDFC Bank Ltd Financials 1993 1.38%                93,651
Vedanta Ltd Materials 213.25 0.99%          1,019,151
 
Underformers Sector Price 1D % Chg Volume
IndusInd Bank Ltd Financials 1442.2 -8.52%                42,184
Reliance Industries Ltd Energy 1062.45 -3.56%              278,816
Tata Motors Ltd Consumer Discretionary 92.9 -3.18%              176,569
Yes Bank Ltd Financials 211 -3.08%              556,217
Oil & Natural Gas Corp Ltd Energy 156.1 -3.07%              845,921