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Asian stocks close lower, weighed down by fears of Fed rate hikes and lower Chinese growth

Nov 09, 2018

 

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

Japanese Market

  • Japanese stocks closed lower in overnight trading as the US Fed signals a committment to gradually raising interest rates and growth prospects in China weaken
  • The Nikkei 225 finished down 1.05% and the Topix closed down 0.49%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.8x
  • 49 stocks in the Nikkei 225 hit 4-week highs while 6 stocks reached 4-week lows
  • 6 stocks in the Nikkei 225 closed overbought while 8 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently down 0.202% against the USD$ to 113.84
  • Japan 2-Year Government Bonds are higher with yields down -0.2 basis points to -0.135%
  • Japan 10-Year Government Bonds are lower with yields up 0.1 basis points to 0.123%
  • JGBs 2s-10s Spread has widened 0.3 basis points to 0.26%

Chinese Market

  • Hong Kong stocks were weighed down by tech stocks as the sector sold off on deteriorating investor sentiment
  • China PPI Y/Y decelerated to +3.3% for the month of October vs. +3.6% for September, spooking investors with the specter of a worse-than-expected deceleration in the Chinese economy (the actual PPI was in-line with market expectations!) 
  • The Hang Seng closed down 2.39%, Hang Seng China Enterprise declined 2.54%, and the CSI 300 retreated 1.41%
  • There remains lingering concerns among local traders about the decelerating in earnings at major Chinese tech stocks like Tencent (SEHK:700, ADR:TCHEY)
  • 17 stocks in the Hang Seng hit 4-week highs while 0 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 1 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8297
  • CNY¥ is currently up 0.193% against the USD$ to 6.9479
  • China RMB 2-Year Government Bonds are lower with yields up 0.5 basis points to 2.958%
  • China RMB 10-Year Government Bonds are higher with yields down -0.9 basis points to 3.49%
  • China Government RMB 2s-10s Spread has narrowed 1.4 basis points to 0.53%

 

 

Australian Market

  • Aussie stocks finished lower for the first session in 4 after LendLease (LLC AU) shocked the market and announced it was abandoning its 500 million Aussie dollars bond issuance and reported it would take a 350mn Aussie dollar charge and the stock plunged over 18%
  • ASX 200 finished down 0.11%
  • Investor sentiment for Aussie stocks finished neutral with the advance/decline ratio for the ASX 200 closing at 1.13x
  • 50 stocks in the ASX 200 hit 4-week highs while 5 stocks reached 4-week lows
  • 6 stocks in the ASX 200 closed overbought while 5 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently down 0.207% against the USD$ to 0.7241
  • Aussie 2-Year Government Bonds are lower with yields up 0.9 basis points to 2.082%
  • Australia 10-Year Government Bonds are lower with yields up 0.1 basis points to 2.758%
  • Aussie Government 2s-10s Spread has narrowed 0.693 basis points to 0.68%

Indian Market

  • While Indian stocks closed lower today, the market closed higher for the week, back to back weekly gains for the first time in over 2 months
  • The Sensex finished down 0.22% and the Nifty 50 closed lower by 0.12%
  • Investor sentiment for Indian stocks finished positive with the advance/decline ratio for the Sensex closing at 1.21x
  • 0 stocks in the Sensex hit 4-week highs while 0 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 0.692% against the USD$ to 72.495
  • India 2-Year Government Bonds are higher with yields down -2.1 basis points to 7.454%
  • India 10-Year Government Bonds are higher with yields down -3.6 basis points to 7.763%
  • India Government 2s-10s Spread has narrowed 2.792 basis points to 0.31%

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Taiheiyo Cement Corp Materials 3710 7.38%      1,449,300
Marui Group Co Ltd Consumer Discretionary 2632 7.04%      2,607,000
Toyobo Co Ltd Materials 1675 6.69%      1,706,300
GS Yuasa Corp Industrials 2576 6.14%      1,179,300
Toray Industries Inc Materials 863.6 4.39%    11,492,600
 
Underperformers Sector Price 1D % Chg Volume
Chiyoda Corp Industrials 356 -15.24%    52,782,400
Nikon Corp Consumer Discretionary 1870 -9.44%      5,819,600
Mitsui E&S Holdings Co Ltd Industrials 1260 -8.96%      3,481,700
Sumitomo Metal Mining Co Ltd Materials 3515 -5.94%      3,497,800
Showa Shell Sekiyu KK Energy 2059 -5.85%      1,927,700

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
WH Group Ltd Consumer Staples 6.10 0.00%  42.334,687 
CSPC Pharmaceutical Group Ltd Health Care 18.3 -0.44%            17,843,500
Hong Kong & China Gas Co Ltd Utilities 14.8 -0.67%            12,852,461
CK Infrastructure Holdings Ltd Utilities 57.5 -0.69%               1,022,184
Link REIT Real Estate 72 -0.76%               3,756,101
 
Underperformers Sector Price 1D % Chg Volume
Tencent Holdings Ltd Information Technology 279 -4.90%            28,764,444
CNOOC Ltd Energy 13.5 -4.38%            81,766,823
Country Garden Holdings Co Ltd Real Estate 8.69 -4.08%            39,595,458
Geely Automobile Holdings Ltd Consumer Discretionary 14.6 -3.45%            50,478,966
Swire Pacific Ltd Real Estate 83.3 -3.42%               1,550,129

 

 

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
G8 Education Ltd Consumer Discretionary 2.36 11.32%            8,412,653
Sigma Healthcare Ltd Health Care 0.535 4.90%            2,874,700
Costa Group Holdings Ltd Consumer Staples 6.52 4.65%            1,759,489
Resolute Mining Ltd Materials 1.03 4.04%            6,720,849
APA Group Utilities 8.88 3.62%            7,580,987
 
Underperformers Sector Price 1D % Chg Volume
LendLease Group Real Estate 14.25 -18.34%          11,718,862
Corporate Travel Management Ltd Consumer Discretionary 21.02 -8.41%            1,994,969
Orocobre Ltd Materials 4.36 -7.23%                910,668
Afterpay Touch Group Ltd Information Technology 13.49 -6.64%            2,473,192
Western Areas Ltd Materials 2.34 -4.88%            1,951,350

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 227.85 5.49%        556,217
Asian Paints Ltd Materials 1298.2 3.79%          85,300
Adani Ports & Special Economic Zone Ltd Industrials 336.85 3.14%        135,051
Sun Pharmaceutical Industries Ltd Health Care 597.45 2.32%        213,552
Hero MotoCorp Ltd Consumer Discretionary 2950.05 2.08%          17,281
 
Underperformers Sector Price 1D % Chg Volume
Bharti Airtel Ltd Telecommunications 298.45 -2.45%        176,699
Infosys Ltd Information Technology 661.45 -2.15%    1,581,820
Tata Consultancy Services Ltd Information Technology 1909.8 -1.70%          57,673
Reliance Industries Ltd Energy 1093.35 -1.55%        278,816
State Bank of India Financials 283 -1.27%    3,477,241