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Asian stocks mixed overnight, unable to maintain global stocks' momentum absent US-China details

Jan 10, 2019

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

Japanese Market

  • Japanese stocks closed lower, while the news from US-China talks has seemed positive, the lack of specifics today has led to some profit-taking after the recent strong rally 
  • Goldman Sachs cuts its year end targets for both the Nikkei 225 (22,000 from 23,000) and the Topix (1650 from 1725) with the view that a stronger yen will be negative for local corporate earnings 
  • The Nikkei 225 finished down 1.29% and the Topix closed down 0.85%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.47x
  • 11 stocks in the Nikkei 225 hit 4-week highs while 0 stocks reached 4-week lows
  • 0 stocks in the Nikkei 225 closed overbought while 1 stock closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently little changed against the USD$ at 108.1
  • Japan 2-Year Government Bonds are higher with yields down -0.9 basis points to -0.149%
  • Japan 10-Year Government Bonds are higher with yields down -0.8 basis points to 0.024%
  • JGBs 2s-10s Spread has widened 0.09 basis points to 0.17%

Chinese Market

  • Chinese stocks were mixed overnight as the Asian Development Bank said it sees 6.3% GDP growth in China in 2019 amid current sanctions, 5.3% if the US places sanctions on all Chinese exports
  • The worst case scenario of 5.3% GDP in 2019, if realized, would be the slowest growth recorded since 1992 
  • The Hang Seng closed up 0.22%, Hang Seng China Enterprise advanced 0.35%, and the CSI 300 retreated 0.19%
  • Investor sentiment for Hong Kong stocks finished neutral with the advance/decline ratio for the Hang Seng closing at 1.17x
  • 22 stocks in the Hang Seng hit 4-week highs while 0 stocks reached 4-week lows
  • 2 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 7.8386
  • CNY¥ is currently down 0.462% against the USD$ to 6.7845
  • China RMB 2-Year Government Bonds are lower with yields up 2.5 basis points to 2.625%
  • China RMB 10-Year Government Bonds are higher with yields down -2.2 basis points to 3.147%
  • China Government RMB 2s-10s Spread has narrowed 4.7 basis points to 0.52%

 

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Australian Market

  • A late session rally lifted Aussie stocks to s a slight gains; BHP paid a special dividend and the stock was 3.4% lower weighing down the rest of the index 
  • ASX 200 finished up 0.29%
  • Investor sentiment for Aussie stocks finished positive with the advance/decline ratio for the ASX 200 closing at 1.56x
  • 58 stocks in the ASX 200 hit 4-week highs while 6 stocks reached 4-week lows
  • 3 stocks in the ASX 200 closed overbought while 1 stock closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.279% against the USD$ to 0.719
  • Aussie 2-Year Government Bonds are higher with yields down -0.8 basis points to 1.847%
  • Australia 10-Year Government Bonds are higher with yields down -1 basis points to 2.317%
  • Aussie Government 2s-10s Spread has narrowed 1.079 basis points to 0.47%
     

Indian Market

  • Indian stocks saw a range-bound trading session overnight, ending in a slight loss, absesnt strong local drivers
  • The Sensex finished down 0.29% and the Nifty 50 closed lower by 0.31%
  • 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 3 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 70.4113
  • India 2-Year Government Bonds are higher with yields down -2.4 basis points to 7.003%
  • India 10-Year Government Bonds are lower with yields up 5.7 basis points to 7.589%
  • India Government 2s-10s Spread has widened 2.476 basis points to 0.59%
     

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Mitsui E&S Holdings Co Ltd Industrials 1155 2.94%                910,500
Tokyo Electron Ltd Information Technology 13390 2.61%            1,969,000
SCREEN Holdings Co Ltd Information Technology 4905 2.51%                947,400
Advantest Corp Information Technology 2234 2.29%            4,680,400
Chubu Electric Power Co Inc Utilities 1749 2.28%            2,463,000
 
Underperformers Sector Price 1D % Chg Volume
Kao Corp Consumer Staples 7373 -5.45%            2,425,000
Kikkoman Corp Consumer Staples 5720 -4.83%                752,600
Sumitomo Dainippon Pharma Co Ltd Health Care 3665 -4.56%            1,482,300
Shiseido Co Ltd Consumer Staples 6148 -4.10%            3,691,900
Concordia Financial Group Ltd Financials 425 -4.06%            9,870,800

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
CSPC Pharmaceutical Group Ltd Health Care 12.2 7.57%          104,576,110
Sunny Optical Technology Group Co Ltd Information Technology 67 5.35%               9,963,201
Want Want China Holdings Ltd Consumer Staples 6.23 3.32%            15,425,130
China Mengniu Dairy Co Ltd Consumer Staples 24.8 2.27%               8,557,111
Swire Pacific Ltd Real Estate 87.4 1.57%               1,634,874
 
Underperformers Sector Price 1D % Chg Volume
Power Assets Holdings Ltd Utilities 54.4 -2.07%            49,797,528
AAC Technologies Holdings Inc Information Technology 44 -1.90%               8,735,628
China Overseas Land & Investment Ltd Real Estate 26.7 -1.30%            18,297,749
HSBC Holdings PLC Financials 64.8 -1.07%            20,936,553
Sino Land Co Ltd Real Estate 14.6 -0.95%               3,539,457

 

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ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Nanosonics Ltd Health Care 3.06 4.08%            1,334,989
St Barbara Ltd Materials 4.85 3.85%            4,793,287
Automotive Holdings Group Ltd Consumer Discretionary 1.505 3.79%            1,351,163
Evolution Mining Ltd Materials 3.84 3.78%            9,996,201
SpeedCast International Ltd Communication Services 3.04 3.75%            1,952,981
 
Underperformers Sector Price 1D % Chg Volume
Beach Energy Ltd Energy 1.57 -4.95%          20,346,821
Treasury Wine Estates Ltd Consumer Staples 14.25 -4.78%            2,782,459
InvoCare Ltd Consumer Discretionary 10.64 -3.54%                349,402
Galaxy Resources Ltd Materials 2.3 -3.36%            1,234,286
Perpetual Ltd Financials 32.67 -3.26%                169,652

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Tata Motors Ltd Consumer Discretionary 185.55 1.34%              743,398
Tata Motors Ltd Consumer Discretionary 98.05 1.13%              176,569
NTPC Ltd Utilities 147.75 1.09%                84,301
Mahindra & Mahindra Ltd Consumer Discretionary 733.3 0.99%                64,213
Bajaj Auto Ltd Consumer Discretionary 2718.75 0.86%                28,503
 
Underperformers Sector Price 1D % Chg Volume
IndusInd Bank Ltd Financials 1566.45 -2.15%                42,184
Kotak Mahindra Bank Ltd Financials 1221.35 -1.42%                96,262
Oil & Natural Gas Corp Ltd Energy 143.55 -1.37%              845,921
Maruti Suzuki India Ltd Consumer Discretionary 7385.95 -1.07%                21,459
Axis Bank Ltd Financials 663 -1.05%              960,464

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