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Asian stocks rally overnight, risk-on fueled by dovish Fed comments

Jan 31, 2019

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

Japanese Market

  • Japanese stocks rose, led by tech and electronics stocks, with "patient" comments from Fed pushing Japanese stocks higher
  • The Nikkei 225 finished up 1.06% and the Topix closed up 1.08%
  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 4.63x
  • 22 stocks in the Nikkei 225 hit 4-week highs while 5 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 down 0.394% against the USD$ to 108.61
  • Japan 2-Year Government Bonds are higher with yields down -0.6 basis points to -0.164%
  • Japan 10-Year Government Bonds are flat with yields little changed 0 basis points to 0.005%
  • JGBs 2s-10s Spread has widened 0.6 basis points to 0.17%

Chinese Market

  • Chinese stocks rose overnight with dovish Fed comments and strong earnings from US companies driving risk-on sentiment
  • The Hang Seng closed up 1.08%, Hang Seng China Enterprise advanced 1.27%, and the CSI 300 rose 1.05%
  • US President Donald Trump is expected to meet with China’s top trade negotiator, Vice Premier Liu He, today in Washington 
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 3.17x
  • 18 stocks in the Hang Seng hit 4-week highs while 2 stocks reached 4-week lows
  • 9 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 7.8465
  • CNY¥ is currently down 0.17% against the USD$ to 6.7051
  • 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 higher with yields down -2.9 basis points to 3.106%
  • China Government RMB 2s-10s Spread has narrowed 4.2 basis points to 0.49%

 

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Australian Market

  • Australian stocks fell overnight weighed down by bank shares after December credit growth came less than expected
  • ASX 200 finished down 0.37%
  • Investor sentiment for Aussie stocks finished neutral with the advance/decline ratio for the ASX 200 closing at 1.08x
  • 47 stocks in the ASX 200 hit 4-week highs while 13 stocks reached 4-week lows
  • 17 stocks in the ASX 200 closed overbought while 2 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently up 0.359% against the USD$ to 0.7274
  • Aussie 2-Year Government Bonds are lower with yields up 0.3 basis points to 1.796%
  • Australia 10-Year Government Bonds are lower with yields up 0.1 basis points to 2.243%
  • Aussie Government 2s-10s Spread has narrowed 0.059 basis points to 0.45%

Indian Market

  • Inidan stocks rose sharply in the wake of Fed comments, ahead of the presentation of the Indian government budget on Friday
  • The Sensex finished up 1.87% and the Nifty 50 closed higher by 1.68%
  • Investor sentiment for Indian stocks finished positive with the advance/decline ratio for the Sensex closing at 5.2x
  • 2 stocks in the Sensex hit 4-week highs while 5 stocks reached 4-week lows
  • 0 stocks in the Sensex closed overbought while 3 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently little changed against the USD$ at 71.085
  • India 2-Year Government Bonds are higher with yields down -3.3 basis points to 6.933%
  • India 10-Year Government Bonds are higher with yields down -4.2 basis points to 7.283%
  • India Government 2s-10s Spread has narrowed 3.351 basis points to 0.35%

Nikkei 225 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
TDK Corp Information Technology 8570 8.07%            2,638,600
Advantest Corp Information Technology 2473 7.90%          11,507,200
NEC Corp Information Technology 3650 7.04%            2,576,400
Mitsui E&S Holdings Co Ltd Industrials 1223 5.52%            1,016,200
Nippon Express Co Ltd Industrials 6880 5.52%                589,700
 
Underperformers Sector Price 1D % Chg Volume
Sumitomo Dainippon Pharma Co Ltd Health Care 2546 -16.93%          13,000,600
SCREEN Holdings Co Ltd Information Technology 4635 -10.35%            2,708,500
Tokyo Electric Power Co Holdings Inc Utilities 669 -7.98%          42,738,800
NH Foods Ltd Consumer Staples 4300 -5.29%            1,675,500
Tokuyama Corp Materials 2532 -3.95%            1,289,200

Hong Kong Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Galaxy Entertainment Group Ltd Consumer Discretionary 54 5.68%            30,223,486
Geely Automobile Holdings Ltd Consumer Discretionary 13.3 4.74%            67,268,527
CSPC Pharmaceutical Group Ltd Health Care 13.5 3.70%            36,061,642
Sands China Ltd Consumer Discretionary 37.3 3.58%            16,654,900
Sunny Optical Technology Group Co Ltd Information Technology 77.1 3.28%               8,028,622
 
Underperformers Sector Price 1D % Chg Volume
China Mengniu Dairy Co Ltd Consumer Staples 24.3 -2.81%            18,717,354
CLP Holdings Ltd Utilities 90.9 -1.25%               3,272,968
China Resources Power Holdings Co Ltd Utilities 15.7 -0.63%            11,095,452
CK Infrastructure Holdings Ltd Utilities 63.4 -0.39%               2,647,656
Bank of East Asia Ltd/The Financials 26.4 -0.38%               1,096,055

 

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ASX 200 Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Xero Ltd Information Technology 43.53 8.77%                837,115
Western Areas Ltd Materials 2.35 7.31%            3,051,606
Lynas Corp Ltd Materials 1.675 7.03%            7,109,370
Beach Energy Ltd Energy 1.8 5.57%          21,928,090
Saracen Mineral Holdings Ltd Materials 3.37 4.98%            9,024,129
 
Underperformers Sector Price 1D % Chg Volume
Fortescue Metals Group Ltd Materials 5.65 -4.26%          49,718,591
Emeco Holdings Ltd Industrials 2.26 -4.24%                981,885
Ardent Leisure Group Ltd Consumer Discretionary 1.355 -3.90%            1,154,811
Ausdrill Ltd Materials 1.26 -3.82%            4,294,100
Automotive Holdings Group Ltd Consumer Discretionary 1.555 -3.72%            3,282,221

Sensex Movers

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

 
Outperformers Sector Price 1D % Chg Volume
Axis Bank Ltd Financials 722.95 4.64%              960,464
Tata Motors Ltd Consumer Discretionary 181.25 3.99%              743,398
Tata Motors Ltd Consumer Discretionary 93.75 3.65%              176,569
Infosys Ltd Information Technology 749.6 3.41%          1,581,820
Reliance Industries Ltd Energy 1227.1 2.70%              278,816
 
Underperformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 194.3 -2.56%              556,217
ICICI Bank Ltd Financials 364.25 -0.27%          4,618,326
Coal India Ltd Energy 225.15 -0.13%              969,111
Hero MotoCorp Ltd Consumer Discretionary 2612.05 0.12%                17,281
Mahindra & Mahindra Ltd Consumer Discretionary 680.8 0.38%                64,213
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