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Asian stocks rally overnight in anticipation of the G20 summit

Nov 28, 2018

 

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

Japanese Market

  • Japanese stocks rebounded following comments by NEC Director Lary Kudlow that US President Trump is open to a trade deal with China (but is willing to impose additional tarriffs if talks don’t yield anything)
  • Total turnover trends continue to be light with total volume traded in Tokyo, Hong Kong and Shanghai 10-20% lower than their 20-day moving averages
  • The Nikkei 225 finished up 1.02% and the Topix closed up 0.58%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 1.53x
  • 34 stocks in the Nikkei 225 hit 4-week highs while 3 stocks reached 4-week lows
  • 5 stocks in the Nikkei 225 closed overbought while 7 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently little changed against the USD$ at 113.77
  • Japan 2-Year Government Bonds are lower with yields up 0.8 basis points to -0.132%
  • Japan 10-Year Government Bonds are lower with yields up 0.8 basis points to 0.1%
  • JGBs 2s-10s Spread has little changed 0 basis points to 0.23%

Chinese Market

  • Chinese stocks finished mixed in overnight trading with the major Asian stock markets rallying ahead of the beginning of the G20 Summit
  • Tencent's (700 HK) 3.6% surge was the biggest contributor to the Hang Seng's gain
  • The Hang Seng closed up 1.33%, Hang Seng China Enterprise advanced 1.14%, and the CSI 300 rose 1.33%
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 9x
  • 9 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 little changed against the USD$ at 7.8279
  • CNY¥ is currently little changed against the USD$ at 6.9534
  • China RMB 2-Year Government Bonds are higher with yields down -0.1 basis points to 2.766%
  • China RMB 10-Year Government Bonds are higher with yields down -1.1 basis points to 3.4%
  • China Government RMB 2s-10s Spread has narrowed 1 basis points to 0.63%

 

 

Australian Market

  • Lower iron prices once again weighed on Aussie stocks with natural resources firms being sold while tech was strong
  • ASX 200 finished down 0.06%
  • Investor sentiment for Aussie stocks finished neutral with the advance/decline ratio for the ASX 200 closing at 1.11x
  • 17 stocks in the ASX 200 hit 4-week highs while 23 stocks reached 4-week lows
  • 4 stocks in the ASX 200 closed overbought while 12 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.194% against the USD$ to 0.7239
  • Aussie 2-Year Government Bonds are higher with yields down -0.5 basis points to 2.018%
  • Australia 10-Year Government Bonds are higher with yields down -1.5 basis points to 2.619%
  • Aussie Government 2s-10s Spread has narrowed 0.694 basis points to 0.6%

Indian Market

  • Foreign investors are being lured back into Indian stocks with USD$463mn in foreign buying in November after 3 months of selling
  • The Sensex finished up 0.57% and the Nifty 50 closed higher by 0.4%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.63x
  • 8 stocks in the Sensex hit 4-week highs while 4 stocks reached 4-week lows
  • 1 stocks in the Sensex closed overbought while 2 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently down 0.244% against the USD$ to 70.6175
  • India 2-Year Government Bonds are higher with yields down -6.6 basis points to 7.257%
  • India 10-Year Government Bonds are higher with yields down -8.9 basis points to 7.643%
  • India Government 2s-10s Spread has narrowed 6.844 basis points to 0.39%

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Sumitomo Dainippon Pharma Co Ltd Health Care 3245 18.30%            5,045,600
Yaskawa Electric Corp Information Technology 3575 6.24%            5,509,700
Taiyo Yuden Co Ltd Information Technology 2154 5.54%            4,009,200
Tokuyama Corp Materials 3040 5.15%            1,221,400
Recruit Holdings Co Ltd Industrials 2938 5.12%            6,393,100
 
Underperformers Sector Price 1D % Chg Volume
FamilyMart UNY Holdings Co Ltd Consumer Staples 16700 -7.07%            4,351,100
Olympus Corp Health Care 3260 -3.26%            1,576,200
Suzuki Motor Corp Consumer Discretionary 5278 -2.94%            2,098,000
Yamaha Corp Consumer Discretionary 4920 -2.38%                737,700
Taisei Corp Industrials 4905 -2.29%                851,000

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Sunny Optical Technology Group Co Ltd Information Technology 78.2 3.71%            10,986,808
Tencent Holdings Ltd Information Technology 315 3.62%            34,385,048
China Overseas Land & Investment Ltd Real Estate 26.9 3.27%            15,028,944
Sands China Ltd Consumer Discretionary 34.4 3.00%            12,655,441
Country Garden Holdings Co Ltd Real Estate 9.4 2.96%            44,365,794
 
Underperformers Sector Price 1D % Chg Volume
WH Group Ltd Consumer Staples 5.96 -0.67%            21,307,634
Want Want China Holdings Ltd Consumer Staples 5.8 -0.17%            14,257,403
Swire Pacific Ltd Real Estate 86.9 -0.12%               3,010,989
BOC Hong Kong Holdings Ltd Financials 30.5 0.00%            12,155,080
China Resources Land Ltd Real Estate 29 0.00%            12,845,588

 

 

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Oh!media Ltd Consumer Discretionary 4.45 6.71% 1,598,072
Mineral Resources Ltd Materials 14.96 5.35% 3,883,609
Xero Ltd Information Technology 39.36 4.96% 888,302
Brickworks Ltd Materials 16.3 4.95% 682,797
NEXTDC Ltd Information Technology 6.23 4.35% 1,647,412
 
Underperformers Sector Price 1D % Chg Volume
Saracen Mineral Holdings Ltd Materials 2.38 -7.03%            5,263,952
Ausdrill Ltd Materials 1.34 -5.30%            8,102,292
Seven West Media Ltd Consumer Discretionary 0.69 -4.83%            3,470,723
BlueScope Steel Ltd Materials 11.11 -3.64%            6,419,734
Sims Metal Management Ltd Materials 10.82 -3.39%            1,718,805

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Tata Consultancy Services Ltd Information Technology 1976.55 4.67%                57,673
Infosys Ltd Information Technology 666.35 4.61%          1,581,820
IndusInd Bank Ltd Financials 1614 1.87%                42,184
Reliance Industries Ltd Energy 1146.25 1.66%              278,816
ICICI Bank Ltd Financials 359.05 1.33%          4,618,326
 
Underperformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 161.7 -11.71%              556,217
Bharti Airtel Ltd Telecommunications 314.5 -4.26%              176,699
Tata Motors Ltd Consumer Discretionary 174.35 -3.14%              743,398
Tata Motors Ltd Consumer Discretionary 95.5 -2.70%              176,569
Oil & Natural Gas Corp Ltd Energy 142.65 -2.49%              845,921