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Asian stocks sell off overnight on Fed rate hike, Japanese stocks enter bear market territory

Dec 20, 2018

 

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

Japanese Market

  • Japanese stocks sold off overnight in the wake of the Fed rate hike, with stocks entering bear market territory, having fallen 21% since January
  • The Nikkei 225 finished down 2.84% and the Topix closed down 2.51%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.05x
  • 0 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 31 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently down 0.685% against the USD$ to 111.71
  • Japan 2-Year Government Bonds are lower with yields up 0.5 basis points to -0.145%
  • Japan 10-Year Government Bonds are higher with yields down -0.8 basis points to 0.027%
  • JGBs 2s-10s Spread has narrowed 1.3 basis points to 0.17%

Chinese Market

  • Chinese stocks fell on the Fed rate hike while China's Financial Stability and Development Commission, part of the People’s Bank of China, said the country must “reduce administrative intervention in stock trading”.
  • The Hang Seng closed down 0.94%, Hang Seng China Enterprise declined 1.03%, and the CSI 300 retreated 0.77%
  • According to US Treasury Secretary Steven Mnuchin, US and Chinese trade officials will meet in January  
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.11x
  • 4 stocks in the Hang Seng hit 4-week highs while 7 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 4 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8271
  • CNY¥ is currently little changed against the USD$ at 6.8861
  • 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 -2.5 basis points to 3.336%
  • China Government RMB 2s-10s Spread has narrowed 4 basis points to 0.61%

 

 

Australian Market

  • Aussie stocks closed at a 2 year low, led by materials stocks, with investors fearing excessive Fed rate hikes could induce a recession in the US
  • ASX 200 finished down 1.34%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.25x
  • 9 stocks in the ASX 200 hit 4-week highs while 44 stocks reached 4-week lows
  • 2 stocks in the ASX 200 closed overbought while 13 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.45% against the USD$ to 0.7141
  • Aussie 2-Year Government Bonds are higher with yields down -1.4 basis points to 1.931%
  • Australia 10-Year Government Bonds are higher with yields down -4.3 basis points to 2.342%
  • Aussie Government 2s-10s Spread has narrowed 1.85 basis points to 0.41%
     

Indian Market

  • Indian stocks fell in sympathy with Asian peers in the wake of Fed rate hikes with growth fears attracting sellers
  • The Sensex finished down 0.14% and the Nifty 50 closed lower by 0.14%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.82x
  • 7 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 0.982% against the USD$ to 69.7075
  • India 2-Year Government Bonds are lower with yields up 0.8 basis points to 6.892%
  • India 10-Year Government Bonds are lower with yields up 5.5 basis points to 7.275%
  • India Government 2s-10s Spread has widened 0.182 basis points to 0.38%
     

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Takeda Pharmaceutical Co Ltd Health Care 3840 7.02%          25,378,300
Chubu Electric Power Co Inc Utilities 1635 1.93%            3,075,300
Kansai Electric Power Co Inc/The Utilities 1687 1.81%            2,878,400
Tokyo Gas Co Ltd Utilities 2824 1.71%            1,825,900
Pioneer Corp Consumer Discretionary 64 1.59%            6,953,900
 
Underperformers Sector Price 1D % Chg Volume
Taiyo Yuden Co Ltd Information Technology 1677 -8.31%            6,370,700
TDK Corp Information Technology 7290 -7.60%            2,265,500
Showa Denko KK Materials 3455 -7.00%            6,997,200
Casio Computer Co Ltd Consumer Discretionary 1355 -6.94%            2,864,200
Mitsui OSK Lines Ltd Industrials 2407 -6.92%            1,481,000

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Hengan International Group Co Ltd Consumer Staples 52.8 0.76%            11,601,942
China Mobile Ltd Telecommunication Services 76 0.33%            14,329,496
CLP Holdings Ltd Utilities 88.5 0.23%               3,389,955
Hong Kong & China Gas Co Ltd Utilities 16 0.12%               8,426,612
China Overseas Land & Investment Ltd Real Estate 26.9 0.00%            12,390,374
 
Underperformers Sector Price 1D % Chg Volume
CSPC Pharmaceutical Group Ltd Health Care 10.9 -4.57%            84,708,069
Galaxy Entertainment Group Ltd Consumer Discretionary 48.6 -4.14%            17,074,647
Sands China Ltd Consumer Discretionary 33.6 -4.01%            14,208,896
Sunny Optical Technology Group Co Ltd Information Technology 66.8 -2.98%               9,859,927
CK Asset Holdings Ltd Real Estate 57.5 -2.87%               7,480,765

 

 

ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
nib holdings Ltd/Australia Financials 4.95 3.34%            1,483,524
Medibank Pvt Ltd Financials 2.48 3.33%          13,538,604
Metcash Ltd Consumer Staples 2.42 2.98%            5,890,893
AGL Energy Ltd Utilities 20.07 2.19%            4,277,681
Abacus Property Group Real Estate 3.46 2.06%            1,428,974
 
Underperformers Sector Price 1D % Chg Volume
MYOB Group Ltd Information Technology 2.9 -13.95%            9,501,183
Orocobre Ltd Materials 3.37 -13.59%            2,152,286
Galaxy Resources Ltd Materials 2.2 -10.20%            4,770,290
Emeco Holdings Ltd Industrials 2.01 -7.80%            1,687,755
BlueScope Steel Ltd Materials 10.74 -7.41%            5,692,137

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 186.65 3.93%              556,217
Mahindra & Mahindra Ltd Consumer Discretionary 795.35 1.90%                64,213
Asian Paints Ltd Materials 1425.3 1.78%                85,300
Hero MotoCorp Ltd Consumer Discretionary 3361.15 1.73%                17,281
Tata Motors Ltd Consumer Discretionary 175.95 1.32%              743,398
 
Underperformers Sector Price 1D % Chg Volume
State Bank of India Financials 293.85 -2.18%          3,477,241
Wipro Ltd Information Technology 333.55 -2.10%              222,541
Vedanta Ltd Materials 202.65 -2.05%          1,019,151
Bharti Airtel Ltd Telecommunications 316.15 -1.89%              176,699
Maruti Suzuki India Ltd Consumer Discretionary 7808.95 -1.35%                21,459