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Asian stocks mixed to start week, ahead of US-China trade talks and Fed decision

Jan 28, 2019

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

Japanese Market

  • Japanese stocks see profit-taking to start the week with investors anticipating US-China trade talks and news from the Fed on asset buying plans
  • The Nikkei 225 finished down 0.6% and the Topix closed down 0.68%
  • To date, January is on pace to be the best month for Asian stocks (in terms of returns) in 12 months with valuations currently trading at 2-month highs 
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.23x
  • 77 stocks in the Nikkei 225 hit 4-week highs while 5 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 little changed against the USD$ at 109.47
  • Japan 2-Year Government Bonds are lower with yields up 0.6 basis points to -0.162%
  • Japan 10-Year Government Bonds are lower with yields up 0.5 basis points to 0.002%
  • JGBs 2s-10s Spread has narrowed 0.1 basis points to 0.16%

Chinese Market

  • Chinese stocks closed flat ahead of US-China trade talks this week
  • The Hang Seng closed up 0.03%, Hang Seng China Enterprise advanced 0.08%, and the CSI 300 retreated 0.02%
  • People’s Bank of China (PBOC) announces a tweak to its reserve policy that frees up an additional 250 billion yuan (USD$37 billion) in funds available for lending after an internal review 
  • US-China trade negotiations are expected to continue this week with Chinese Vice Premier Liu He set to meet with US Trade Representative Robert Lighthizer for 2 days in Washington starting on Wednesday 
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.61x
  • 26 stocks in the Hang Seng hit 4-week highs while 0 stocks reached 4-week lows
  • 10 stocks in the Hang Seng closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8462
  • CNY¥ is currently little changed against the USD$ at 6.7432
  • China RMB 2-Year Government Bonds are lower with yields up 1.3 basis points to 2.613%
  • China RMB 10-Year Government Bonds are lower with yields up 1 basis points to 3.154%
  • China Government RMB 2s-10s Spread has narrowed 0.3 basis points to 0.54%

 

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Australian Market

  • Australian stock markets are closed for the Australia Day holiday

Indian Market

  • Indian stocks opened higher but closed lower after allegations around Zee Entertainment Ltd (NSEI:ZEEL) that surfaced over the weekend weighed on sentiment
  • The Sensex finished down 1.02% and the Nifty 50 closed lower by 1.1%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.29x
  • 2 stocks in the Sensex hit 4-week highs while 11 stocks reached 4-week lows
  • 1 stock in the Sensex closed overbought while 6 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently little changed against the USD$ at 71.1087
  • India 2-Year Government Bonds are higher with yields down -0.8 basis points to 6.991%
  • India 10-Year Government Bonds are lower with yields up 0.2 basis points to 7.332%
  • India Government 2s-10s Spread has widened 0.893 basis points to 0.34%

Nikkei 225 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
IHI Corp Industrials 3395 2.72%            1,495,600
Taiheiyo Cement Corp Materials 3675 2.08%                651,300
Ricoh Co Ltd Information Technology 1164 2.02%            4,464,400
SUMCO Corp Information Technology 1501 1.97%          24,657,900
Toho Zinc Co Ltd Materials 3515 1.44%                102,100
 
Underperformers Sector Price 1D % Chg Volume
Tokyo Electric Power Co Holdings Inc Utilities 722 -3.86%          20,017,900
Toyo Seikan Group Holdings Ltd Materials 2441 -3.67%                845,300
Toho Co Ltd/Tokyo Consumer Discretionary 3840 -3.52%                863,000
Suzuki Motor Corp Consumer Discretionary 5696 -3.34%            2,900,000
Yahoo Japan Corp Information Technology 293 -2.98%          14,836,500

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 59 1.90%               4,858,065  
China Petroleum & Chemical Corp Energy 6.41 1.75%          151,623,024  
Link REIT Real Estate 84.4 1.56%               6,235,000  
China Mobile Ltd Telecommunication Services 82.4 1.54%            17,978,285  
China Construction Bank Corp Financials 6.88 0.88%          320,075,989  
 
Underperformers Sector Price 1D % Chg Volume
CSPC Pharmaceutical Group Ltd Health Care 12.6 -4.11%            54,155,708
China Resources Power Holdings Co Ltd Utilities 15.3 -3.78%            13,640,606
Wharf Real Estate Investment Co Ltd Real Estate 51.9 -2.08%               2,074,278
CK Hutchison Holdings Ltd Industrials 79.4 -1.98%               4,715,496
Henderson Land Development Co Ltd Real Estate 43.7 -1.58%               3,570,717

 

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ASX 200 Movers

  • Australian stock markets are closed for the Australia Day holiday
   

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Tata Consultancy Services Ltd Information Technology 1951.95 1.71%                57,673
Coal India Ltd Energy 224.75 1.51%              969,111
Larsen & Toubro Ltd Industrials 1300.55 1.17%              105,946
Power Grid Corp of India Ltd Utilities 187.8 0.86%              111,432
Wipro Ltd Information Technology 355.15 0.57%              222,541
 
Underperformers Sector Price 1D % Chg Volume
Adani Ports & Special Economic Zone Ltd Industrials 327.05 -12.72%              135,051
Yes Bank Ltd Financials 207.65 -5.46%              556,217
ICICI Bank Ltd Financials 343.45 -3.82%          4,618,326
IndusInd Bank Ltd Financials 1444.5 -2.80%                42,184
Hero MotoCorp Ltd Consumer Discretionary 2602 -2.55%                17,281