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Asian stocks rise overnight as US-China trade tension ease

Dec 13, 2018

 

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

Japanese Market

  • Japanese stocks closed higher for the second day as lower tensions between the US and China fueled risk-on
  • The Nikkei 225 finished up 0.99% and the Topix closed up 0.62%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 3.69x
  • 8 stocks in the Nikkei 225 hit 4-week highs while 15 stocks reached 4-week lows
  • 2 stocks in the Nikkei 225 closed overbought while 15 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently little changed against the USD$ at 113.44
  • Japan 2-Year Government Bonds are higher with yields down -0.7 basis points to -0.144%
  • Japan 10-Year Government Bonds are lower with yields up 0.2 basis points to 0.057%
  • JGBs 2s-10s Spread has widened 0.9 basis points to 0.2%

Chinese Market

  • Chinese stocks finished positive in overnight trading with a 2-day rally across the region bringing Asian stocks into the green for the week
  • China has told local companies they are no longer required to work on "Made in China 2025" strategy
  • Hong Kong is suspending its ETF Connect program that would allow cross settlement between Hong Kong, Shanghai and Shenzhen because technical obstacles are greater than anticipated
  • The Hang Seng closed up 1.29%, Hang Seng China Enterprise advanced 1.34%, and the CSI 300 rose 1.55%
  • Investor sentiment is improving as trade tensions between the US and China ease while market expectations grow for stimulative tax policy from Beijing towards tech-related industries
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 11.5x
  • 0 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 3 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8098
  • CNY¥ is currently little changed against the USD$ at 6.8813
  • China RMB 2-Year Government Bonds are lower with yields up 2.1 basis points to 2.709%
  • China RMB 10-Year Government Bonds are lower with yields up 6.7 basis points to 3.353%
  • China Government RMB 2s-10s Spread has widened 4.6 basis points to 0.64%
     

 

 

Australian Market

  • Aussie stocks rose for the third straight session as Aberdeen Standard Investments issued a report saying it expects Aussie stocks to outperform in the coming years
  • ASX 200 finished up 0.14%
  • Investor sentiment for Aussie stocks finished positive with the advance/decline ratio for the ASX 200 closing at 1.3x
  • 11 stocks in the ASX 200 hit 4-week highs while 25 stocks reached 4-week lows
  • 5 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 0.7227
  • Aussie 2-Year Government Bonds are lower with yields up 4 basis points to 1.989%
  • Australia 10-Year Government Bonds are lower with yields up 1.9 basis points to 2.466%
  • Aussie Government 2s-10s Spread has narrowed 3.903 basis points to 0.48%
     

Indian Market

  • Indian stocks rose with investors betting on interest rate cuts from the Royal Bank of India
  • The Sensex finished up 0.42% and the Nifty 50 closed higher by 0.5%
  • Investor sentiment for Indian stocks finished positive with the advance/decline ratio for the Sensex closing at 1.38x
  • 3 stocks in the Sensex hit 4-week highs while 0 stocks reached 4-week lows
  • 1 stock in the Sensex closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently down 0.458% against the USD$ to 71.69
  • India 2-Year Government Bonds are higher with yields down -3.2 basis points to 7.01%
  • India 10-Year Government Bonds are higher with yields down -0.3 basis points to 7.408%
  • India Government 2s-10s Spread has widened 3.658 basis points to 0.4%
     

Nikkei 225 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Takeda Pharmaceutical Co Ltd Health Care 3980 7.05%          20,372,200
Chiyoda Corp Industrials 334 6.71%            7,657,400
Ricoh Co Ltd Information Technology 1110 5.01%            4,589,500
Yamaha Motor Co Ltd Consumer Discretionary 2376 4.67%            2,442,100
FamilyMart UNY Holdings Co Ltd Consumer Staples 16730 4.04%            1,758,900
 
Underperformers Sector Price 1D % Chg Volume
Oki Electric Industry Co Ltd Information Technology 1384 -5.59%            1,242,400
Showa Denko KK Materials 3730 -4.48%            9,368,400
Tokyo Dome Corp Consumer Discretionary 980 -4.39%                683,000
Chubu Electric Power Co Inc Utilities 1684 -3.27%            2,688,600
Nippon Suisan Kaisha Ltd Consumer Staples 676 -2.87%            3,288,300

Hong Kong Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Geely Automobile Holdings Ltd Consumer Discretionary 14.7 4.24%            40,592,186
China Mengniu Dairy Co Ltd Consumer Staples 25 4.18%            10,924,077
Sands China Ltd Consumer Discretionary 35.8 3.77%            20,969,624
Country Garden Holdings Co Ltd Real Estate 9.8 3.70%            49,031,353
Galaxy Entertainment Group Ltd Consumer Discretionary 52.1 3.37%            15,357,524
 
Underperformers Sector Price 1D % Chg Volume
AAC Technologies Holdings Inc Information Technology 51.3 -1.06%               5,996,782
Sunny Optical Technology Group Co Ltd Information Technology 74.5 -0.67%               4,511,793
Bank of Communications Co Ltd Financials 5.87 0.00%            20,998,139
CK Hutchison Holdings Ltd Industrials 78.9 0.06%               5,506,259
Bank of Communications Co Ltd Financials 5.87 0.00%            20,998,139

 

 

ASX 200 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Nine Entertainment Co Holdings Ltd Materials 1.63 8.31%          13,131,540
Syrah Resources Ltd Financials 1.81 8.06%            2,657,646
IOOF Holdings Ltd Consumer Staples 4.83 7.33%            4,622,897
Emeco Holdings Ltd Health Care 2.25 6.13%            1,495,460
Elders Ltd Consumer Discretionary 6.99 6.07%                836,400
 
Underperformers Sector Price 1D % Chg Volume
TPG Telecom Ltd Telecom 6.45 -0.17%                945,555
St Barbara Ltd Materials 4.25 -4.92%            3,436,571
Domino's Pizza Enterprises Ltd Consumer Staples 42.02 -4.72%                383,606
Infigen Energy Industrials 0.425 -4.49%            1,846,005
Mayne Pharma Group Ltd Energy 0.915 -3.68%            4,544,158

Sensex Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Wipro Ltd Information Technology 338.75 2.64%              222,541
Infosys Ltd Information Technology 696.5 2.62%          1,581,820
Maruti Suzuki India Ltd Consumer Discretionary 7663.75 2.36%                21,459
Kotak Mahindra Bank Ltd Financials 1262.1 2.08%                96,262
Larsen & Toubro Ltd Industrials 1425.15 1.77%              105,946
 
Underperformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 174.7 -6.48%              556,217
Sun Pharmaceutical Industries Ltd Health Care 422.15 -2.12%              213,552
Tata Consultancy Services Ltd Information Technology 1983.65 -1.74%                57,673
Tata Steel Ltd Materials 512.25 -1.57%              504,491
Coal India Ltd Energy 244.8 -0.91%              969,111