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China's "large scale" tax cut stimulus announcement sends Asian stocks higher overnight

Jan 15, 2019

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

Japanese Market

  • Japanese stocks closed higher after earlier losses, with China's annoncement of planned tax cuts turning stocks to gains
  • The Nikkei 225 finished up 0.96% and the Topix closed up 0.85%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 3.25x
  • 27 stocks in the Nikkei 225 hit 4-week highs while 2 stocks reached 4-week lows
  • 1 stock in the Nikkei 225 closed overbought while 2 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently up 0.277% against the USD$ to 108.46
  • Japan 2-Year Government Bonds are higher with yields down -0.3 basis points to -0.151%
  • Japan 10-Year Government Bonds are higher with yields down -0.4 basis points to 0.013%
  • JGBs 2s-10s Spread has narrowed 0.1 basis points to 0.16%

Chinese Market

  • Chinese stocks rose after Chinese officials said that the Chinese government is considering tax cuts on a “large scale” to stimulate economic growth
  • The Hang Seng closed up 2.02%, Hang Seng China Enterprise advanced 2.04%, and the CSI 300 rose 1.96%
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 49x
  • 8 stocks in the Hang Seng hit 4-week highs while 1 stock reached 4-week lows
  • 2 stocks in the Hang Seng closed overbought while 1 stock closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8425
  • CNY¥ is currently little changed against the USD$ at 6.7604
  • China RMB 2-Year Government Bonds are higher with yields down -1.2 basis points to 2.62%
  • China RMB 10-Year Government Bonds are lower with yields up 0.6 basis points to 3.147%
  • China Government RMB 2s-10s Spread has widened 1.8 basis points to 0.53%

 

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Australian Market

  • Aussie stocks rose to the highest level in 2 months, with positive sentiment fueled by potential stimulus from China
  • ASX 200 finished up 0.71%
  • Investor sentiment for Aussie stocks finished positive with the advance/decline ratio for the ASX 200 closing at 1.74x
  • 27 stocks in the ASX 200 hit 4-week highs while 5 stocks reached 4-week lows
  • 3 stocks in the ASX 200 closed overbought while 2 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 lower with yields up 1.6 basis points to 1.826%
  • Australia 10-Year Government Bonds are lower with yields up 1.4 basis points to 2.287%
  • Aussie Government 2s-10s Spread has narrowed 1.461 basis points to 0.46%

Indian Market

  • Indian stocks rose as low inflation data sparked hopes for a interest rate cut
  • Indian consumer prices rose 2.19%, the third straight month of moderating prices 
  • The Sensex finished up 1.3% and the Nifty 50 closed higher by 1.39%
  • Investor sentiment for Indian stocks finished positive with the advance/decline ratio for the Sensex closing at 9.33x
  • 2 stocks in the Sensex hit 4-week highs while 7 stocks reached 4-week lows
  • 0 stocks in the Sensex closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.155% against the USD$ to 71.04
  • India 2-Year Government Bonds are lower with yields up 2.6 basis points to 6.993%
  • India 10-Year Government Bonds are lower with yields up 2.8 basis points to 7.252%
  • India Government 2s-10s Spread has widened 2.445 basis points to 0.26%

Nikkei 225 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Olympus Corp Health Care 4705 17.48%            7,634,000
Hitachi Ltd Information Technology 3583 7.08%          11,811,800
Yaskawa Electric Corp Information Technology 2866 6.42%            5,085,900
Taiyo Yuden Co Ltd Information Technology 1616 6.11%            5,075,500
Showa Denko KK Materials 3735 5.66%            3,248,100
 
Underperformers Sector Price 1D % Chg Volume
Kansai Electric Power Co Inc/The Utilities 1696 -4.85%            3,285,500
Tokyo Electric Power Co Holdings Inc Utilities 710 -4.18%          21,132,000
Fast Retailing Co Ltd Consumer Discretionary 53330 -3.53%            1,211,600
Ajinomoto Co Inc Consumer Staples 1856 -3.16%            4,586,100
Isetan Mitsukoshi Holdings Ltd Consumer Discretionary 1208 -2.97%            2,368,400

Hong Kong Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
AAC Technologies Holdings Inc Information Technology 48 5.15%            10,525,955
Geely Automobile Holdings Ltd Consumer Discretionary 11.3 4.65%            56,352,391
China Unicom Hong Kong Ltd Telecommunication Services 8.69 4.32%            39,789,394
China Life Insurance Co Ltd Financials 17.6 4.27%            83,444,874
CNOOC Ltd Energy 12.7 4.09%            47,620,565

 

Underperformers Sector Price 1D% CHG  Volume 
Hengan International Group Co Ltd Consumer Staples 56.80 0.00%                             4,154,334
Wharf Real Estate Investment Co Ltd Real Estate 48.9 0.10%               2,512,202
Power Assets Holdings Ltd Utilities 54.3 0.28%               4,014,003
Link REIT Real Estate 80.4 0.63%               4,705,774
CLP Holdings Ltd Utilities 91.6 0.66%               3,038,990

 

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ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Navitas Ltd Consumer Discretionary 5.53 12.86%            2,709,958
Syrah Resources Ltd Materials 1.975 10.34%            2,782,361
oOh!media Ltd Communication Services 3.8 6.74%            2,394,203
Independence Group NL Materials 4.16 5.32%            2,599,529
Automotive Holdings Group Ltd Consumer Discretionary 1.49 4.56%                872,582
 
Underperformers Sector Price 1D % Chg Volume
Sims Metal Management Ltd Materials 10.33 -4.03%            1,084,211
SpeedCast International Ltd Communication Services 2.97 -3.57%            1,970,229
Coca-Cola Amatil Ltd Consumer Staples 8.15 -2.51%            2,746,150
Elders Ltd Consumer Staples 6.82 -2.43%                460,774
New Hope Corp Ltd Energy 3.55 -2.20%            1,777,735

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Wipro Ltd Information Technology 330.95 5.62%              222,541
Yes Bank Ltd Financials 203 3.86%              556,217
Infosys Ltd Information Technology 726.55 3.66%          1,581,820
Vedanta Ltd Materials 198.9 3.03%          1,019,151
Reliance Industries Ltd Energy 1129.55 3.02%              278,816
 
Underperformers Sector Price 1D % Chg Volume
Maruti Suzuki India Ltd Consumer Discretionary 7349.55 -0.72%                21,459
ICICI Bank Ltd Financials 372.55 -0.23%          4,618,326
Power Grid Corp of India Ltd Utilities 192.4 -0.03%              111,432
Axis Bank Ltd Financials 660.1 0.11%              960,464
Kotak Mahindra Bank Ltd Financials 1212.15 0.14%                96,262

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