Asian and Australian Stocks While You Were Sleeping

May 18, 2018

Japanese Markets

  • Japanese equities finished higher today with the Nikkei 225 +0.41%
  • Financials (+1.02%), and materials (+0.85%) were the best performing sectors in the Nikkei 225
  • Telecommunications (-0.02%) and industrials (-0.44%) stocks were the largest laggards in the Nikkei 225
  • Market breadth in the Nikkei 225 was positive with 145 out of 225 stocks in the black
  • The Nikkei 225 traded 14.95% below its average 10-day volume
  • Japan’s core CPI growth in April came in at +0.77% on a y/y basis, which was softer than expectations of a +0.8% growth rate. The increase in Japan’s aggregate CPI was also below consensus (+0.6% y/y vs +0.7% y/y projections)

Chinese Markets

  • Chinese and Hong Kong equities advanced broadly today with the Hang Seng +0.34%, the CSI 300 +1.01%, and the Shanghai Composite +1.24%
  • Energy (+3.99%) was the biggest outperforming sector in the Hang Seng
  • Industrial stocks (-0.38%) provided the worst return in the Hang Seng
  • Market breadth in the Hang Seng was notably positive with 27 stocks advancing, compared to 16 stocks declining
  • Volume in the Hang Seng was at 110.73% relative to its average 10-day level
  • The Chinese government is refuting reports that is has offered to reduce its annual trade surplus with the US by $200 billion. Lu Kang, a Chinese Foreign Ministry spokesman, spoke on the reported offer and remarked that “to [his] knowledge it’s not true”.
  • China is reportedly dropping its anti-dumping probe against sorghum imports from the US. In April, China imposed significant duties on imports of US sorghum imports
  • According to a report by the Chinese Ministry of Commerce stated that outbound direct investment (ODI) increased by 34.9% on a y/y basis to $35.6 billion

Indian Markets

  • Indian equities closed lower across the board with the Sensex -0.86% and the Nifty 50 -0.81%
  • Industrial stocks (-2.84%) were the most significant underperformer in the Sensex
  • Consumer staples (+1.20%) was the only sector in the Sensex in positive territory
  • Market breadth in the Sensex was notably negative with only 9 stocks advancing (while 22 stocks declined)
  • Volume traded across Indian markets was 39.43% higher than the 10-day average

Australian Markets

  • Australian equities retreated, with the ASX 200 -0.11%
  • Healthcare (+2.48%) and real estate (+0.97%) stocks were the best performers in the ASX 200
  • The materials (-1.12%) and telecommunications (-0.75%) sectors were the worst performers in the ASX 200
  • Market breadth in the ASX 200 was decidedly negative as only 61 out of 200 stocks finished higher
  • The ASX 200’s volume was 14.88% lower than its 10-day average

What’s Going on with Asian/Australian Currencies?

  • The AUD$ has fallen by 0.09% in relation to the USD$
  • CNY¥ has depreciated 0.18% against the USD$
  • The INR ? is 0.46% weaker compared to the USD$
  • JPY¥ has declined by 0.16% relative to the USD$

Highlights from the Asian/Australian Bond Markets

  • Australian 10-year bonds are rallying, with yields on the Australian sovereign 10-year +2 basis points
  • Yields on Hong Kong’s 10-year bond are more than 6 basis points higher

*Data in Price Return 

Nikkei 225 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Chiyoda Corp TSE:6366 1077 46 4.46% 3.11M
Taiyo Yuden Co Ltd TSE:6976 2517 100 4.14% 3.48M
Sompo Holdings Inc TSE:8630 4939 186 3.91% 1.99M
Eisai Co Ltd TSE:4523 8124 297 3.79% 1.69M
JXTG Holdings Inc TSE:5020 763.20 26.70 3.63% 15.61M

 

Underperformers Ticker Price Chg % Chg Volume
Japan Steel Works Ltd/The TSE:5631 3535 -195 -5.23% 1.07M
Takara Holdings Inc TSE:2531 1376 -67 -4.64% 1.77M
SCREEN Holdings Co Ltd TSE:7735 9610 -330 -3.32% 575.00k
Kajima Corp TSE:1812 926 -29 -3.04% 9.49M
Advantest Corp TSE:6857 2750 -65 -2.31% 2.72M

Hang Seng Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
PetroChina Co Ltd SEHK:857  6.51 0.39 6.37% 382.22M
China Shenhua Energy Co Ltd SEHK:1088 22.00 1.30 6.28% 43.61M
CNOOC Ltd SEHK:883  14.46 0.48 3.43% 84.67M
China Resources Land Ltd SEHK:1109 30.80 0.90 3.01% 10.56M
WH Group Ltd SEHK:288  8.41 0.21 2.56% 31.88M

 

Underperformers Ticker Price Chg % Chg Volume
Sunny Optical Technology Group Co Ltd SEHK:2382 147.80 -3.10 -2.05% 5.93M
Hengan International Group Co Ltd SEHK:1044 72.20 -1.40 -1.90% 2.65M
China Mengniu Dairy Co Ltd SEHK:2319 27.00 -0.45 -1.64% 7.20M
MTR Corp Ltd SEHK:66  45.10 -0.75 -1.64% 3.97M
Hang Lung Properties Ltd SEHK:101  18.58 -0.24 -1.28% 2.84M

Sensex Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Hindustan Unilever Ltd BSE:500696 1604.10 34.85 2.22% 63.03k
Kotak Mahindra Bank Ltd BSE:500247 1294.25 25.25 1.99% 143.74k
ITC Ltd NSEI:ITC 282.15 3.15 1.13% 709.78k
IndusInd Bank Ltd BSE:532187 1926.20 12.95 0.68% 19.17k
Tata Consultancy Services Ltd NSEI:TCS 3502.35 9.65 0.28% 26.09k

 

Underperformers Ticker Price Chg % Chg Volume
Larsen & Toubro Ltd BSE:500510 1316.05 -48.25 -3.54% 237.27k
ICICI Bank Ltd NSEI:ICICIBANK 286.40 -9.50 -3.21% 546.45k
Sun Pharmaceutical Industries Ltd NSEI:SUNPHARMA 464.70 -15.40 -3.21% 534.72k
Tata Motors Ltd BSE:500570 305.25 -9.90 -3.14% 716.25k
Tata Steel Ltd BSE:500470 591.50 -18.55 -3.04% 450.25k

ASX 200 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Challenger Ltd/Australia ASX:CGF  13.18 0.87 7.07% 5.27M
Eclipx Group Ltd ASX:ECX  3.48 0.16 4.82% 4.59M
CSL Ltd ASX:CSL  182.95 7.26 4.13% 1.21M
Origin Energy Ltd ASX:ORG  10.10 0.32 3.27% 12.44M
Bega Cheese Ltd ASX:BGA  7.22 0.19 2.70% 595.34k

 

Underperformers Ticker Price Chg % Chg Volume
nib holdings Ltd/Australia ASX:NHF  5.55 -0.31 -5.29% 2.39M
a2 Milk Co Ltd ASX:A2M  10.26 -0.49 -4.56% 8.69M
IPH Ltd ASX:IPH  4.24 -0.20 -4.50% 889.49k
Nanosonics Ltd ASX:NAN  2.46 -0.10 -3.91% 1.03M
Galaxy Resources Ltd ASX:GXY  3.24 -0.13 -3.86% 2.72M