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Asian stocks close broadly higher as signals from Beijing indicate additional stimulus for the Chinese economy, fueling bullish sentiment

Nov 01, 2018

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

Japanese Market

  • Japanese markets finished in the red following news that NTT Docomo (TSE:9437) may launch mobile phone/data plans that are 20 to 40% below current market rates – the new sparked as a sell-off as traders worries about the impact to telecom industry’s profitability if it were about to enter a “price war” for a prolonged period of time 
  • The Nikkei 225 finished down 1.06% and the Topix closed down 0.85%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.97x
  • 4 stocks in the Nikkei 225 hit 4-week highs while 22 stocks reached 4-week lows
  • 0 stocks in the Nikkei 225 closed overbought while 14 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently little changed against the USD$ at 112.99
  • Japan 2-Year Government Bonds are flat with yields little changed 0 basis points to -0.123%
  • Japan 10-Year Government Bonds are higher with yields down -0.4 basis points to 0.123%
  • JGBs 2s-10s Spread has narrowed 0.4 basis points to 0.25%

Chinese Market

  • Chinese stocks closed higher following signals from officials in Beijing on plans to introduce new fiscal stimulus to jumpstart the Chinese economy 
  • The Hang Seng closed up 1.75%, Hang Seng China Enterprise advanced 1.39%, and the CSI 300 rose 0.74%
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 4x
  • 2 stocks in the Hang Seng hit 4-week highs while 7 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 4 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8381
  • CNY¥ is currently down 0.439% against the USD$ to 6.9451
  • China RMB 2-Year Government Bonds are higher with yields down -0.1 basis points to 3.076%
  • China RMB 10-Year Government Bonds are higher with yields down -1.4 basis points to 3.522%
  • China Government RMB 2s-10s Spread has narrowed 1.3 basis points to 0.45%

Australian Market

  • Aussie stocks rallied for a second straight day in sympathy with the rally in Chinese stocks  
  • ASX 200 finished up 0.18%
  • Investor sentiment for Aussie stocks finished positive with the advance/decline ratio for the ASX 200 closing at 1.33x
  • 10 stocks in the ASX 200 hit 4-week highs while 11 stocks reached 4-week lows
  • 0 stocks in the ASX 200 closed overbought while 19 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 1.202% against the USD$ to 0.7158
  • Aussie 2-Year Government Bonds are lower with yields up 2.6 basis points to 2%
  • Australia 10-Year Government Bonds are lower with yields up 1.9 basis points to 2.646%
  • Aussie Government 2s-10s Spread has narrowed 1.398 basis points to 0.65%

Indian Market

  • Indian stocks finished down following a choppy trading session that saw the Sensex move between gains and losses as worries about the outcome of upcoming state elections overshadowed strong earnings results from large-cap stocks like Larsen & Toubro (BSE:500510)
  • The Sensex finished down 0.03% and the Nifty 50 closed lower by 0.06%
  • Investor sentiment for Indian stocks finished neutral with the advance/decline ratio for the Sensex closing at 1.07x
  • 5 stocks in the Sensex hit 4-week highs while 4 stocks reached 4-week lows
  • 0 stocks in the Sensex closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently down 0.507% against the USD$ to 73.58
  • India 2-Year Government Bonds are higher with yields down -1.4 basis points to 7.557%
  • India 10-Year Government Bonds are higher with yields down -2.7 basis points to 7.826%
  • India Government 2s-10s Spread has narrowed 1.907 basis points to 0.27%

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Taiyo Yuden Co Ltd Information Technology 2554 12.07%      8,028,900.00
Konami Holdings Corp Information Technology 4675 8.47%      1,310,200.00
TDK Corp Information Technology 10460 7.28%      3,143,100.00
Advantest Corp Information Technology 2225 6.92%    11,530,800.00
Tosoh Corp Materials 1579 5.76%      4,041,600.00
 
Underformers Sector Price 1D % Chg Volume
Mitsui E&S Holdings Co Ltd Industrials 1500 -21.05%      5,708,000.00
Chiyoda Corp Industrials 462 -17.79%      4,096,100.00
Nisshinbo Holdings Inc Industrials 1042 -16.44%      2,245,700.00
KDDI Corp Telecommunication Services 2360 -16.15%    31,910,900.00
Nippon Telegraph & Telephone Corp Telecommunication Services 4050 -14.74%    14,670,800.00

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Country Garden Holdings Co Ltd Real Estate 9.16 9.18%    121,175,797.00
AAC Technologies Holdings Inc Information Technology 64.4 7.88%      10,715,746.00
Sunny Optical Technology Group Co Ltd Information Technology 73 7.35%      18,743,520.00
China Resources Land Ltd Real Estate 27.9 4.70%      24,151,604.00
China Overseas Land & Investment Ltd Real Estate 25.7 4.68%      33,246,253.00
 
Underformers Sector Price 1D % Chg Volume
WH Group Ltd Consumer Staples 5.28 -3.83%      64,043,574.00
Power Assets Holdings Ltd Utilities 51.7 -1.34%         3,110,422.00
China Resources Power Holdings Co Ltd Utilities 13.6 -1.31%         9,945,077.00
CLP Holdings Ltd Utilities 86.8 -1.25%         2,910,752.00
Hong Kong & China Gas Co Ltd Utilities 14.9 -0.67%      11,668,799.00

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Orocobre Ltd Materials 3.72 11.71%      1,725,859.00
Corporate Travel Management Ltd Consumer Discretionary 22.32 11.32%      2,841,798.00
Bellamy's Australia Ltd Consumer Staples 7.96 10.10%      3,131,388.00
Syrah Resources Ltd Materials 1.72 7.50% 4085245
AMP Ltd Financials 2.64 6.88% 30699296
 
Underformers Sector Price 1D % Chg Volume
Ausdrill Ltd Materials 1.545 -9.91%      9,949,591.00
Vocus Group Ltd Telecommunication Services 3.27 -4.66%      4,218,717.00
Cleanaway Waste Management Ltd Industrials 1.735 -3.61%      7,289,921.00
Orica Ltd Materials 16.65 -2.97%      1,516,297.00
Dexus Real Estate 9.93 -2.65%      3,444,106.00

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 203.75 8.35%        556,217.00
Axis Bank Ltd Financials 602.15 3.51%        960,464.00
IndusInd Bank Ltd Financials 1464.95 2.84%          42,184.00
Larsen & Toubro Ltd Industrials 1332.8 2.65%        105,946.00
State Bank of India Financials 285.7 1.85%    3,477,241.00
 
Underperformers Sector Price 1D % Chg Volume
Infosys Ltd Information Technology 666.35 -2.90%    1,581,820.00
Coal India Ltd Energy 261.1 -1.90%        969,111.00
NTPC Ltd Utilities 156.85 -1.85%          84,301.00
Sun Pharmaceutical Industries Ltd Health Care 571.55 -1.31%        213,552.00
Mahindra & Mahindra Ltd Consumer Discretionary 755.25 -1.06%          64,213.00