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Asian stocks lower overnight on global growth concerns with IMF report lowering global growth outlook

Jan 22, 2019

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

Japanese Market

  • Japanese stocks traded lower overnight with the IMF releasing a report lowering global growth expectations for the next 2 years
  • The IMF expects global growth of 3.5% in 2019, down from 3.7%
  • The IMF increased Japan's expected growth rate in 2019 to 1.1% from 0.9%
  • The Nikkei 225 finished down 0.47% and the Topix closed down 0.63%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.36x
  • 151 stocks in the Nikkei 225 hit 4-week highs while 0 stocks reached 4-week lows
  • 1 stock in the Nikkei 225 closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently down 0.201% against the USD$ to 109.45
  • Japan 2-Year Government Bonds are flat with yields little changed 0 basis points to -0.167%
  • Japan 10-Year Government Bonds are higher with yields down -0.5 basis points to 0.003%
  • JGBs 2s-10s Spread has narrowed 0.5 basis points to 0.17%

Chinese Market

  • Chinese stocks closed lower on concerns over global growth after last week's data and the IMF global growth downgrade
  • The Hang Seng closed down 0.7%, Hang Seng China Enterprise declined 0.93%, and the CSI 300 retreated 1.33%
  • China recently resumed approving new video games after a 9 month pause but no title from either Tencent (TCEHY, SEHK: 700) or Netease (NTES) has been approved
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.25x
  • 28 stocks in the Hang Seng hit 4-week highs while 1 stocks reached 4-week lows
  • 3 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 7.8464
  • CNY¥ is currently little changed against the USD$ at 6.8078
  • China RMB 2-Year Government Bonds are lower with yields up 2.2 basis points to 2.62%
  • China RMB 10-Year Government Bonds are lower with yields up 0.9 basis points to 3.121%
  • China Government RMB 2s-10s Spread has narrowed 1.3 basis points to 0.5%

 

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Australian Market

  • Australian stocks closed lower after 5 days of gains, financials stocks led the market lower
  • ASX 200 finished down 0.54%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.85x
  • 98 stocks in the ASX 200 hit 4-week highs while 7 stocks reached 4-week lows
  • 10 stocks in the ASX 200 closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently down 0.489% against the USD$ to 0.7124
  • Aussie 2-Year Government Bonds are lower with yields up 0.2 basis points to 1.844%
  • Australia 10-Year Government Bonds are higher with yields down -1.1 basis points to 2.3%
  • Aussie Government 2s-10s Spread has narrowed 0.289 basis points to 0.46%

Indian Market

  • Indian stocks posted slight losses in the wake of the IMF report lowering global growth expectations
  • The Sensex finished down 0.37% and the Nifty 50 closed lower by 0.36%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.48x
  • 6 stocks in the Sensex hit 4-week highs while 5 stocks reached 4-week lows
  • 2 stocks in the Sensex closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.226% against the USD$ to 71.4425
  • India 2-Year Government Bonds are higher with yields down -1 basis points to 7.018%
  • India 10-Year Government Bonds are higher with yields down -1.1 basis points to 7.303%
  • India Government 2s-10s Spread has narrowed 1.226 basis points to 0.29%

Nikkei 225 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
FamilyMart UNY Holdings Co Ltd Consumer Staples 13070 3.32%            1,247,100
Marui Group Co Ltd Consumer Discretionary 2248 2.70%            1,456,000
Seven & i Holdings Co Ltd Consumer Staples 4804 2.23%            2,467,600
Pioneer Corp Consumer Discretionary 65 1.56%            1,188,500
Nichirei Corp Consumer Staples 3010 1.55%                414,600
 
Underperformers Sector Price 1D % Chg Volume
Chiyoda Corp Industrials 338 -5.85%            9,672,600
Toho Zinc Co Ltd Materials 3350 -4.29%                177,900
Taiyo Yuden Co Ltd Information Technology 1581 -3.42%            3,657,700
T&D Holdings Inc Financials 1356 -3.25%            3,536,700
JXTG Holdings Inc Energy 587.6 -3.12%          10,444,300

Hong Kong Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Link REIT Real Estate 80.1 1.78%               3,398,555
Wharf Real Estate Investment Co Ltd Real Estate 51.5 1.58%               4,447,652
China Resources Power Holdings Co Ltd Utilities 15.4 1.32%               9,466,470
CK Infrastructure Holdings Ltd Utilities 62 1.14%               1,506,304
Hang Seng Bank Ltd Financials 177 1.03%                  964,707
 
Underperformers Sector Price 1D % Chg Volume
AAC Technologies Holdings Inc Information Technology 45.6 -5.10%               5,843,133
CSPC Pharmaceutical Group Ltd Health Care 12.6 -3.66%            45,682,609
PetroChina Co Ltd Energy 4.96 -3.31%          156,811,981
Sunny Optical Technology Group Co Ltd Information Technology 73.1 -3.31%               8,546,417
China Shenhua Energy Co Ltd Energy 18.9 -2.87%            20,929,417

 

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ASX 200 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Sun Pharmaceutical Industries Ltd Health Care 418.05 4.95%              213,552
Wipro Ltd Information Technology 346.45 2.65%              222,541
Kotak Mahindra Bank Ltd Financials 1291.6 1.92%                96,262
Hero MotoCorp Ltd Consumer Discretionary 2823.85 1.05%                17,281
Axis Bank Ltd Financials 661.8 0.23%              960,464
 
Underperformers Sector Price 1D % Chg Volume
Vedanta Ltd Materials 191.45 -3.50%          1,019,151
Tata Steel Ltd Materials 456.8 -3.13%              504,491
Mahindra & Mahindra Ltd Consumer Discretionary 708.05 -3.08%                64,213
Bharti Airtel Ltd Telecommunications 304.25 -2.00%              176,699
Maruti Suzuki India Ltd Consumer Discretionary 7068.25 -1.84%                21,459

Sensex Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Syrah Resources Ltd Materials 2.04 5.70%            1,482,815
Mayne Pharma Group Ltd Health Care 0.855 4.91%            4,681,771
Domain Holdings Australia Ltd Communication Services 2.36 3.96%            1,125,957
SpeedCast International Ltd Communication Services 3.05 3.04%            1,391,832
Super Retail Group Ltd Consumer Discretionary 7.09 2.75%            1,040,885
 
Underperformers Sector Price 1D % Chg Volume
Breville Group Ltd Consumer Discretionary 10.99 -4.33%                138,792
Pact Group Holdings Ltd Materials 3.73 -3.62%                941,797
Emeco Holdings Ltd Industrials 2.47 -3.14%            1,007,140
Independence Group NL Materials 4.01 -2.91%            1,675,990
Oil Search Ltd Energy 7.58 -2.82%            4,080,172

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