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Japanese stocks trade higher on hoped-for Chinese tax cuts while weak earnings weigh on mega-cap bank stocks in Hong Kong

Oct 30, 2018

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

Japanese Market

  • Japanese stocks rose with investors focused on the potential positives from a tax cut on auto sales instead of US-China tariff concerns
  • The Nikkei 225 finished up 1.45% and the Topix closed up 1.38%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 3.69x
  • 2 stocks in the Nikkei 225 hit 4-week highs while 49 stocks reached 4-week lows
  • 0 stocks in the Nikkei 225 closed overbought while 75 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently up 0.427% against the USD$ to 112.85
  • Japan 2-Year Government Bonds are higher with yields down -0.2 basis points to -0.123%
  • Japan 10-Year Government Bonds are lower with yields up 1.2 basis points to 0.122%
  • JGBs 2s-10s Spread has widened 1.4 basis points to 0.25%

Chinese Market

  • China seeks to support its economy with tax cuts, regulatory relief and investment spending incentives in place of the direct government spending policy of 2008 and 2015
  • Hong Kong stocks were a notable outlier yesterday, as weak earning from the mega-cap bank stocks weighed on investor sentiment
  • The Hang Seng closed down 0.91%, Hang Seng China Enterprise declined 0.14%, and the CSI 300 rose 1.08%
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.43x
  • 0 stocks in the Hang Seng hit 4-week highs while 10 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 6 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8465
  • CNY¥ is currently little changed against the USD$ at 6.9639
  • China RMB 2-Year Government Bonds are higher with yields down -1.7 basis points to 3.06%
  • China RMB 10-Year Government Bonds are lower with yields up 0.9 basis points to 3.538%
  • China Government RMB 2s-10s Spread has widened 2.6 basis points to 0.48%

Australian Market

  • Aussie stocks saw the best performance since July, 2017 as the market traded higher in overall Asian strength
  • ASX 200 finished up 1.34%
  • Investor sentiment for Aussie stocks finished positive with the advance/decline ratio for the ASX 200 closing at 4x
  • 7 stocks in the ASX 200 hit 4-week highs while 44 stocks reached 4-week lows
  • 2 stocks in the ASX 200 closed overbought while 50 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.553% against the USD$ to 0.7094
  • Aussie 2-Year Government Bonds are higher with yields down -0.4 basis points to 1.964%
  • Australia 10-Year Government Bonds are lower with yields up 1.4 basis points to 2.582%
  • Aussie Government 2s-10s Spread has widened 0.953 basis points to 0.62%

Indian Market

  • Profit taking was light as investor focus turned to upcoming state elections
  • The Sensex finished down 0.52% and the Nifty 50 closed lower by 0.51%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.63x
  • 2 stocks in the Sensex hit 4-week highs while 4 stocks reached 4-week lows
  • 0 stocks in the Sensex closed overbought while 4 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.317% against the USD$ to 73.6775
  • India 2-Year Government Bonds are lower with yields up 3.9 basis points to 7.59%
  • India 10-Year Government Bonds are lower with yields up 2.1 basis points to 7.831%
  • India Government 2s-10s Spread has narrowed 3.583 basis points to 0.24%
     

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
SUMCO Corp Information Technology 1421 7.33%    14,049,600.00
Tokyo Electron Ltd Information Technology 15145 6.54%      2,498,600.00
Recruit Holdings Co Ltd Industrials 2870 6.24%    14,675,500.00
Komatsu Ltd Industrials 2793 6.18%    14,358,300.00
Yaskawa Electric Corp Information Technology 3065 6.13%      4,130,800.00
 
Underformers Sector Price 1D % Chg Volume
Nippon Electric Glass Co Ltd Information Technology 2759 -6.35%      2,049,000.00
Tokyu Fudosan Holdings Corp Real Estate 630 -4.11%    44,201,000.00
Chubu Electric Power Co Inc Utilities 1633 -3.52%      2,650,500.00
Inpex Corp Energy 1283 -3.24%      7,362,000.00
Nippon Telegraph & Telephone Corp Telecommunication Services 4700 -2.63%    10,625,900.00

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Bank of East Asia Ltd/The Financials 25.8 2.58%         2,217,503.00
Geely Automobile Holdings Ltd Consumer Discretionary 13.9 2.35%      91,444,410.00
China Petroleum & Chemical Corp Energy 6.54 2.03%    156,212,891.00
Bank of Communications Co Ltd Financials 5.87 1.38%      37,260,446.00
CNOOC Ltd Energy 13.6 1.19%      73,362,260.00
 
Underformers Sector Price 1D % Chg Volume
BOC Hong Kong Holdings Ltd Financials 29.5 -6.95%      42,861,075.00
China Unicom Hong Kong Ltd Telecommunication Services 8.17 -4.89%      35,278,864.00
Hang Seng Bank Ltd Financials 182 -4.06%         3,258,857.00
Tencent Holdings Ltd Information Technology 252 -3.00%      29,484,819.00
China Mengniu Dairy Co Ltd Consumer Staples 22.2 -2.85%      19,051,542.00

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Beach Energy Ltd Energy 1.76 10.34%          20,551,250
Afterpay Touch Group Ltd Information Technology 12.37 9.37%            2,235,516
Primary Health Care Ltd Health Care 2.62 6.94%            2,597,307
a2 Milk Co Ltd Consumer Staples 9.7 5.78%            3,877,365
Galaxy Resources Ltd Materials 2.24 5.16%            2,860,450
 
Underformers Sector Price 1D % Chg Volume
James Hardie Industries PLC Materials 18.34 -3.01%            3,075,868
Evolution Mining Ltd Materials 3.07 -2.85%            9,462,589
Northern Star Resources Ltd Materials 8.66 -2.81%            2,423,707
Sigma Healthcare Ltd Health Care 0.525 -2.78%            1,864,242
Shopping Centres Australasia Property Gr Real Estate 2.58 -2.64%            6,205,154

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Infosys Ltd Information Technology 659.75 2.48%    1,581,820.00
Hindustan Unilever Ltd Consumer Staples 1592.25 2.47%          29,322.00
State Bank of India Financials 273.15 1.90%    3,477,241.00
Tata Consultancy Services Ltd Information Technology 1895.4 1.37%          57,673.00
Tata Motors Ltd Consumer Discretionary 177.3 1.11%        743,398.00
 
Underperformers Sector Price 1D % Chg Volume
Coal India Ltd Energy 275.9 -3.88%        969,111.00
IndusInd Bank Ltd Financials 1363.5 -3.50%          42,184.00
Reliance Industries Ltd Energy 1057.15 -2.84%        278,816.00
Sun Pharmaceutical Industries Ltd Health Care 561.65 -1.92%        213,552.00
ITC Ltd Consumer Staples 279 -1.60%        926,480.00