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Asian and Australian Stocks While You Were Sleeping

May 08, 2018

Asian & Australian Markets

  • Japanese stocks rose today, with the Nikkei 225 +0.18%. Healthcare (+0.65%) was the best performing sector in the Nikkei 225, materials stocks (-0.15%) were the largest laggards. Market breadth in the Nikkei 225 was decidedly positive with 128 stocks increasing compared to 93 declines
  • Chinese and Hong Kong markets broadly advanced with the Hang Seng surging 1.36%, the CSI 300 +1.16%, and the Shanghai Composite +0.79%. All sectors in the Hang Sang positive, led higher by information technology (+3.12%), while energy stocks (+0.01%) underperformed. Market breadth in the Hang Seng was overwhelmingly positive with 47 stocks advancing (3 declines)
  • Indian equities closed relatively flat with the Sensex and Nifty 50 both edging 0.02%. Financials (+0.57%) outperformed the most in the Sensex, while industrials (-1.45%) was the most significant declining sector. Market breadth in the Sensex was neutral with 16 of 30 stocks in the black
  • Australian stocks posted modest gains with the ASX 200 +0.12%. The financial sector (+0.82%) was the biggest outperformer in the ASX 200, while energy (-1.23%) weighed the index down. Despite producing positive returns, market breadth in the ASX 200 was negative (87 advances vs 103 declines)

Asian Outlook

  • China’s trade surplus in April was reported at $28.8 billion, higher than expected ($27.8 billion consensus). China’s $28.8 billion surplus represents a significant reversal from the $4.9 billion deficit reported in March
  • Import growth for China came in at +21.5% on a y/y basis, above estimates of a 16.0% y/y increase. Chinese import growth significantly outpaced increases in exports (+21.5% import growth vs 12.9% export growth)
  • According to a Nikkei Asian Review report, China has begun to implement $72.2 billion worth of annual tax cuts in order to counter the impact of US protectionist actions
  • Liu He, the Vice Premier of the PROC, will reportedly travel to the US to continue Sino-American trade negotiations. A US trade delegation sent to China last week returned without having made significant process
  • Household Spending growth for Japan in March declined 0.7% on a y/y basis, contrasting projections for a 1.0% increase in Household Spending. This was the second consecutive monthly decline in Japanese Household Spending

Australian Outlook 

  • Australian retail sales growth in March came in softer than anticipated (+0.0% vs +0.2% forecasted), and the growth in March was weaker on a m/m basis (+0.6% retail sales growth in February). Retail Turnover in Australia for 1Q2018 was also below consensus (+0.2% vs +0.5% estimated)

Nikkei 225 Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Maruha Nichiro Corp TSE:1333 3900 210 5.69% 708.20k
Tokyo Electric Power Co Holdings Inc TSE:9501 597 32 5.66% 58.43M
Marubeni Corp TSE:8002 859.8 39.1 4.76% 17.78M
Mitsubishi Corp TSE:8058 3177 141 4.64% 12.83M
Kansai Electric Power Co Inc/The TSE:9503 1669 70 4.38% 5.31M

 

Underperformers Ticker Price Chg % Chg Volume
Tokyo Tatemono Co Ltd TSE:8804 1631 -72 -4.23% 2.92M
Mitsubishi Heavy Industries Ltd TSE:7011 4110 -172 -4.02% 3.88M
Advantest Corp TSE:6857 2691 -100 -3.58% 4.50M
Matsui Securities Co Ltd TSE:8628 1013 -37 -3.52% 1.59M
Pacific Metals Co Ltd TSE:5541 3580 -130 -3.50% 282.90k

Hang Seng Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Geely Automobile Holdings Ltd SEHK:175  22.95 1.15 5.28% 100.62M
China Shenhua Energy Co Ltd SEHK:1088 19.88 0.96 5.07% 46.20M
Sunny Optical Technology Group Co Ltd SEHK:2382 141.20 6.60 4.90% 8.64M
AAC Technologies Holdings Inc SEHK:2018 117.70 4.90 4.34% 11.80M
China Mengniu Dairy Co Ltd SEHK:2319 27.00 0.95 3.65% 19.58M

 

Underperformers Ticker Price Chg % Chg Volume
CNOOC Ltd SEHK:883  13.22 -0.24 -1.78% 55.38M
China Unicom Hong Kong Ltd SEHK:762  10.82 -0.08 -0.73% 18.15M
PetroChina Co Ltd SEHK:857  5.70 -0.01 -0.18% 132.67M
Link REIT SEHK:823  66.55 0.05 0.08% 4.40M
China Resources Power Holdings Co Ltd SEHK:836  15.28 0.02 0.13% 7.98M

Sensex Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
ICICI Bank Ltd NSEI:ICIC 309.25 19.85 6.86% 3.80M
State Bank of India NSEI:SBIN 250.00 3.50 1.42% 2.58M
Axis Bank Ltd BSE:AXSB 541.25 6.30 1.18% 583.26k
Power Grid Corp of India Ltd BSE:PWGR 212.15 2.40 1.14% 643.31k
Tata Motors Ltd BSE:TTMT 189.60 1.40 0.74% 177.79k

 

Underperformers Ticker Price Chg % Chg Volume
Mahindra & Mahindra Ltd NSEI:MM  865.6 -20.00 -2.26% 97.14k
Larsen & Toubro Ltd NSEI:LT  1364.85 -23.65 -1.70% 132.12k
Infosys Ltd NSEI:INFO 1165.35 -18.00 -1.52% 193.13k
Yes Bank Ltd BSE:YES  343.35 -4.15 -1.19% 791.49k
IndusInd Bank Ltd BSE:IIB  1867.6 -17.25 -0.92% 70.28k

ASX 200 Movers

In local currency.

Outperformers Ticker Price Chg % Chg Volume
Platinum Asset Management Ltd ASX:PTM  6.08 0.48 8.57% 5.93M
IPH Ltd ASX:IPH  4.14 0.28 7.25% 2.07M
G8 Education Ltd ASX:GEM  2.49 0.12 5.06% 3.32M
Healthscope Ltd ASX:HSO  2.48 0.08 3.33% 16.60M
APN Outdoor Group Ltd ASX:APO  5.23 0.14 2.75% 1.12M

 

Underperformers Ticker Price Chg % Chg Volume
Eclipx Group Ltd ASX:ECX  3.21 -0.15 -4.46% 11.56M
Aurizon Holdings Ltd ASX:AZJ  4.39 -0.19 -4.15% 8.55M
GWA Group Ltd ASX:GWA  3.64 -0.14 -3.70% 1.08M
a2 Milk Co Ltd ASX:A2M  11.79 -0.42 -3.44% 3.38M
CIMIC Group Ltd ASX:CIM  43.65 -1.54 -3.41% 510.35k