blog

Latest from the Quantamize Blog

Asian stocks mixed overnight ahead of Federal Reserve decision today

Dec 19, 2018

 

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

Japanese Market

  • Japanese stocks finished lower, led by banks and insurers, as the potential for higher interest rates from the Fed today weighed on sentiment
  • The Nikkei 225 finished down 0.6% and the Topix closed down 0.41%
  • SoftBank’s telecom unit (Softbank Corp, TSE: 9434), had a rough start to trading following its IPO, dropping 14.5% overnight as concern about a possible price war hit the share-price of Japan’s third largest telecom company
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.53x
  • 3 stocks in the Nikkei 225 hit 4-week highs while 91 stocks reached 4-week lows
  • 0 stocks in the Nikkei 225 closed overbought while 21 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently down 0.16% against the USD$ to 112.34
  • Japan 2-Year Government Bonds are lower with yields up 0.4 basis points to -0.15%
  • Japan 10-Year Government Bonds are lower with yields up 0.9 basis points to 0.035%
  • JGBs 2s-10s Spread has widened 0.5 basis points to 0.19%
     

Chinese Market

  • Chinese stocks were mixed overnight with investors waiting for news from the Federal Reserve today 
  • According to US Treasury Secretary Steven Mnuchin, US and Chinese trade officials continue to make progress in their talks about the trade impasse 
  • Hong Kong's exchange regulator has signalled it is reluctant to allow the IPO of Bitmain, the large crypto miner, before it has a regulatory framework in place
  • The Hang Seng closed up 0.2%, Hang Seng China Enterprise declined 0.34%, and the CSI 300 retreated 1.19%
  • While December has been one of the roughest on record for US stocks, Asia stocks have held up relatively well as the discount of Asian stocks to US stocks is narrowing after reaching a record high earlier in the year 
  • Investor sentiment for Hong Kong stocks finished neutral with the advance/decline ratio for the Hang Seng closing at 1.17x
  • 3 stocks in the Hang Seng hit 4-week highs while 8 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 2 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8246
  • CNY¥ is currently little changed against the USD$ at 6.8983
  • China RMB 2-Year Government Bonds are lower with yields up 1.5 basis points to 2.724%
  • China RMB 10-Year Government Bonds are higher with yields down -2.1 basis points to 3.361%
  • China Government RMB 2s-10s Spread has narrowed 3.6 basis points to 0.64%

 

 

Australian Market

  • Aussie stocks were weighed down by energy stocks that suffered with plunging oil price
  • ASX 200 finished down 0.16%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.57x
  • 14 stocks in the ASX 200 hit 4-week highs while 35 stocks reached 4-week lows
  • 1 stock in the ASX 200 closed overbought while 10 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently little changed against the USD$ at 0.7187
  • Aussie 2-Year Government Bonds are higher with yields down -0.6 basis points to 1.945%
  • Australia 10-Year Government Bonds are higher with yields down -3.4 basis points to 2.385%
  • Aussie Government 2s-10s Spread has narrowed 0.684 basis points to 0.44%

Indian Market

  • Indian stocks rose with the fall in oil price plus the potential for economic stimulus from the government 
  • The Sensex finished up 0.38% and the Nifty 50 closed higher by 0.54%
  • Investor sentiment for Indian stocks finished positive with the advance/decline ratio for the Sensex closing at 1.82x
  • 1 stock 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 little changed against the USD$ at 70.3988
  • India 2-Year Government Bonds are higher with yields down -4 basis points to 6.884%
  • India 10-Year Government Bonds are higher with yields down -12.7 basis points to 7.22%
  • India Government 2s-10s Spread has narrowed 4.034 basis points to 0.34%

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Tokai Carbon Co Ltd Materials 1438 3.01%            8,821,200
Advantest Corp Information Technology 2198 2.76%            5,487,400
Suzuki Motor Corp Consumer Discretionary 5699 2.46%            2,753,400
Yaskawa Electric Corp Information Technology 3040 2.12%            3,334,900
Taisei Corp Industrials 4900 2.08%            1,030,000
 
Underperformers Sector Price 1D % Chg Volume
Inpex Corp Energy 1006 -7.20%          10,418,200
Kansai Electric Power Co Inc/The Utilities 1657 -5.31%            3,528,500
Kawasaki Kisen Kaisha Ltd Industrials 1475 -5.14%                875,700
Osaka Gas Co Ltd Utilities 2062 -4.45%            1,847,200
Tokyo Electron Ltd Information Technology 12915 -4.40%            1,835,700

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
CK Asset Holdings Ltd Real Estate 59.2 2.42%               7,110,671
Sands China Ltd Consumer Discretionary 35 1.75%               8,940,630
AIA Group Ltd Financials 64.5 1.74%            19,503,636
Galaxy Entertainment Group Ltd Consumer Discretionary 50.7 1.71%            11,786,789
WH Group Ltd Consumer Staples 6 1.69%            27,506,331
 
Underperformers Sector Price 1D % Chg Volume
China Petroleum & Chemical Corp Energy 6.09 -4.69%          214,827,996
AAC Technologies Holdings Inc Information Technology 46.2 -3.85%               6,957,449
PetroChina Co Ltd Energy 5.04 -2.89%          175,355,569
CSPC Pharmaceutical Group Ltd Health Care 11.4 -2.74%            37,139,616
Hengan International Group Co Ltd Consumer Staples 52.4 -2.51%            13,071,028

 

 

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Regis Resources Ltd Materials 4.66 5.91%              556,217
REA Group Ltd Communication Services 75.35 3.49%          1,581,820
National Storage REIT Real Estate 1.8 2.56%                93,651
Medibank Pvt Ltd Financials 2.4 1.69%              969,111
Australia & New Zealand Banking Group Lt Financials 23.94 1.06%              845,921
 
Underperformers Sector Price 1D % Chg Volume
Ausdrill Ltd Materials 1.12 -6.67%              222,541
Seven West Media Ltd Communication Services 0.555 -4.31%          4,618,326
Atlas Arteria Ltd Industrials 6.38 -3.63%          3,477,241
Beach Energy Ltd Energy 1.35 -3.57%                29,322
GWA Group Ltd Industrials 2.75 -3.17%              926,480

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Asian Paints Ltd Materials 1400.4 3.39%                85,300
Axis Bank Ltd Financials 639.45 3.18%              960,464
State Bank of India Financials 300.4 2.68%          3,477,241
Maruti Suzuki India Ltd Consumer Discretionary 7916.15 2.04%                21,459
ITC Ltd Consumer Staples 282.9 1.76%              926,480
 
Underperformers Sector Price 1D % Chg Volume
Sun Pharmaceutical Industries Ltd Health Care 424 -2.10%              213,552
IndusInd Bank Ltd Financials 1611.95 -1.70%                42,184
Infosys Ltd Information Technology 665.25 -1.64%          1,581,820
Tata Consultancy Services Ltd Information Technology 1967.2 -1.03%                57,673
Vedanta Ltd Materials 206.9 -0.96%          1,019,151