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Asian markets close lower, unable to sustain momentum from last week; conflicting statements on trade between US and China induce profit taking

Nov 05, 2018

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

Japanese Market

  • Japanese stocks closed lower, like the rest of Asia, as the momentum from last week’s rally failed to hold after news that White House Economic Adviser Larry Kudlow downplayed the potential for a quick trade deal agreement between the US and China
  • The Nikkei 225 finished down 1.55% and the Topix closed down 1.11%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.32x
  • 12 stocks in the Nikkei 225 hit 4-week highs while 20 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 little changed against the USD$ at 113.26
  • Japan 2-Year Government Bonds are flat with yields little changed 0 basis points to -0.128%
  • Japan 10-Year Government Bonds are higher with yields down -0.1 basis points to 0.128%
  • JGBs 2s-10s Spread has narrowed 0.1 basis points to 0.26%

Chinese Market

  • While speaking at the inaugural China International Import Expo, Chinese President Xi Jinping shot back against US trade policies, speaking out against what he calls Law of the Jungle and Beggar Thy Neighbor policies while suggesting the rise of protectionism could hamper global growth -- more than 3,600 companies from 172 countries attended the expo 
  • Jack Ma, an iconic investor for Chinese markets, commented that US-China trade war is senseless and could last for an extended time while Larry Kudlow, White House Economic Adviser, tamped down optimisim on early solution to the trade conflict
  • The Hang Seng closed down 2.08%, Hang Seng China Enterprise declined 1.34%, and the CSI 300 retreated 0.83%
  • The gains in Hong Kong stocks the previous week were the biggest 1-week rally for Hong Kong stocks since 2011 and was primarily driven short covering rather than outright buying 
  • MTD, Chinese investors have added ~CNY4,5333 million into Hong Kong Stocks via the Hong Kong Stock Connect
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.04x
  • 17 stocks in the Hang Seng hit 4-week highs while 1 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 up 0.198% against the USD$ to 7.8322
  • CNY¥ is currently up 0.527% against the USD$ to 6.927
  • China RMB 2-Year Government Bonds are higher with yields down -0.8 basis points to 3.057%
  • China RMB 10-Year Government Bonds are higher with yields down -1.6 basis points to 3.538%
  • China Government RMB 2s-10s Spread has narrowed 0.8 basis points to 0.48%

Australian Market

  • Aussie stocks broke a 6-day winning streak, following Asia lower to start the trading week
  • ASX 200 finished down 0.53%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.43x
  • 7 stocks in the ASX 200 hit 4-week highs while 20 stocks reached 4-week lows
  • 0 stocks in the ASX 200 closed overbought while 13 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently little changed against the USD$ at 0.719
  • Aussie 2-Year Government Bonds are lower with yields up 2.7 basis points to 2.049%
  • Australia 10-Year Government Bonds are lower with yields up 4.7 basis points to 2.741%
  • Aussie Government 2s-10s Spread has widened 2.658 basis points to 0.69%

Indian Market

  • Investors took profits in India after Friday's gains with losses in other Asian markets pushing Indian stocks lower; Sensex closes below 35,000 mark
  • The Sensex finished down 0.17% and the Nifty 50 closed lower by 0.27%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.82x
  • 14 stocks in the Sensex hit 4-week highs while 6 stocks reached 4-week lows
  • 1 stocks in the Sensex closed overbought while 1 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.951% against the USD$ to 73.1263
  • India 2-Year Government Bonds are lower with yields up 3.9 basis points to 7.533%
  • India 10-Year Government Bonds are lower with yields up 2.7 basis points to 7.808%
  • India Government 2s-10s Spread has narrowed 2.949 basis points to 0.27%

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Sapporo Holdings Ltd Consumer Staples 2375 7.51%            1,896,200
Rakuten Inc Consumer Discretionary 860 5.39%          18,010,100
Sumitomo Dainippon Pharma Co Ltd Health Care 2591 5.07%            2,320,200
Shimizu Corp Industrials 991 4.98%            6,612,600
Nitto Denko Corp Materials 6454 3.60%            1,616,500
 
Underformers Sector Price 1D % Chg Volume
NTT Data Corp Information Technology 1356 -8.32%            6,630,400
Marubeni Corp Industrials 859.1 -6.46%          16,425,500
Keio Corp Industrials 5800 -5.69%                637,200
Nippon Sheet Glass Co Ltd Industrials 995 -5.51%            1,844,900
Subaru Corp Consumer Discretionary 2896 -5.00%            6,276,000

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
China Petroleum & Chemical Corp Energy 6.66 1.06%          102,693,720
Bank of Communications Co Ltd Financials 5.94 0.17%            19,033,774
China Mengniu Dairy Co Ltd Consumer Staples 25 -0.20%               8,457,923
CSPC Pharmaceutical Group Ltd Health Care 18.2 -0.33%            26,908,644
PetroChina Co Ltd Energy 5.8 -0.34%            56,840,498
 
Underformers Sector Price 1D % Chg Volume
AAC Technologies Holdings Inc Information Technology 62.2 -7.38%               8,582,221
Country Garden Holdings Co Ltd Real Estate 9.02 -5.25%            55,198,466
Wharf Real Estate Investment Co Ltd Real Estate 47.9 -4.10%               1,681,743
China Resources Land Ltd Real Estate 27.4 -4.04%            10,948,066
Tencent Holdings Ltd Information Technology 292 -3.69%            27,220,707

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Greencross Ltd Consumer Discretionary 5.4 18.94% 4,214,932
TPG Telecom Ltd Telecommunication Services 7.77 3.32% 1,281,066
Pact Group Holdings Ltd Materials 3.56 3.18% 1,281,066
SpeedCast International Ltd Telecommunication Services 3.84 2.94% 942,969
Fortescue Metals Group Ltd Materials 4.21 2.43% 1,274,980
 
Underformers Sector Price 1D % Chg Volume
Eclipx Group Ltd Financials 2.27 -6.97%            4,749,778
WiseTech Global Ltd Information Technology 15.4 -6.10%                877,513
Appen Ltd Information Technology 10.72 -5.30%                728,311
a2 Milk Co Ltd Consumer Staples 9.5 -4.90%            3,666,414
ARB Corp Ltd Consumer Discretionary 16.42 -4.42%                295,996

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
State Bank of India Financials 295.3 3.45%          3,477,241
Axis Bank Ltd Financials 624.4 2.35%              960,464
Wipro Ltd Information Technology 323.95 1.52%              222,541
Reliance Industries Ltd Energy 1088.55 1.33%              278,816
Coal India Ltd Energy 263.6 0.86%              969,111
 
Underformers Sector Price 1D % Chg Volume
IndusInd Bank Ltd Financials 1491.7 -3.29%                42,184
NTPC Ltd Utilities 153.6 -2.72%                84,301
Power Grid Corp of India Ltd Utilities 185.85 -2.18%              111,432
Oil & Natural Gas Corp Ltd Energy 154.85 -1.59%              845,921
Housing Development Finance Corp Ltd Financials 1795.65 -1.46%              100,547