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Asian and Australian Stocks While You Were Sleeping

May 21, 2018

General Asian Markets Outlook

  • Easing Sino-American trade tensions provided Japanese and Chinese markets with a lift today, with comments from US Treasury Secretary Steven Mnuchin about the US “putting the trade war on hold” providing optimism that a trade deal may be reached

Japanese Markets

  • Japanese equities finished higher with the Nikkei 225 +0.31%
  • Industrials (+0.71%), materials (+0.49%), and consumer discretionary (+0.41%) stocks are the biggest outperformers in the Nikkei 225
  • Financials (-1.62%) is the only sector in the Nikkei 225 in negative territory
  • Market breadth in the Nikkei 225 was strongly negative, with only 92 out of 225 stocks gaining on the day
  • Trading in the Nikkei 225 was light today, with a volume that was 22.48% below its 10-day average
  • Japan’s trade balance for April came in at ¥626.0 billion, well above estimates of a ¥440.0 billion trade balance projection, but below the balance in the previous month (¥797.3 billion in March)
  • Japanese exports in April rose 7.8% on a y/y basis, softer than the expected growth of 8.7%. Japan’s import growth for April was also below forecasts (+5.9% y/y vs +9.8% y/y projected)
  • According to a report by the Nikkei Asian review, Japanese companies reported aggregate earnings increases of 35% y/y in FY17 ($264 billion in net profit), which was a new single-fiscal year record. Auto and machinery making firms were the best performers

Chinese Markets

  • Chinese and Hong Kong markets advanced broadly with the Hang Seng +0.60%, the CSI 300 +0.47%, and the Shanghai Composite +0.64%
  • Consumer discretionary (+2.23%) and utilities (+1.22%) stocks were the biggest outperformers in the Hang Seng
  • Energy (-0.55%) and telecommunications stocks (-0.28%) provided the most disappointing returns in the Hang Seng
  • Market breadth in the Hang Seng was decidedly positive with 33 stocks advancing, compared to 16 declines
  • The Hang Seng traded at slightly above average volume (+3.07% of its 10-day average)

Indian Markets

  • Indian equities declined across the board with the Sensex -0.67% and the Nifty 50 -0.75%
  • Consumer discretionary (-1.68%) and materials (-1.35%) stocks were the best performers in the Sensex
  • Consumer staples (-0.02%) was the only sector in the Sensex to finish in positive territory
  • Market breadth in the Sensex was overwhelmingly negative with 25 of 31 stocks closing in the red
  • Indian markets traded at 105.01% of their average 10-day volume

Australian Markets

  • Australian equities ended trading modestly lower with the ASX 200 -0.05%
  • Telecommunications services (-1.37%) and materials (-0.51%) stocks were the largest underperformers in the ASX 200
  • Healthcare (+1.37%) and industrials (+0.55%) were the best performing sectors in the ASX 200
  • Market breadth in the ASX 200 was positive with 112 stocks advancing compared to 75 declines
  • The ASX’s volume was 13.74% below it’s 10-day average
  • The National Australian Bank (NAB) has extended its timeframe for an RBA rate increase to May 2019, with a further rate increase expected in November 2019

What is Going on with Asian/Australian currencies?

  • The USD$ is stronger against most Asian currencies
  • JPY¥ has depreciated by 0.43% relative to the USD$
  • INR ? has weakened by 0.17% compared to the USD$
  • The CNY¥ has declined by 0.9% in relation to the USD4
  • The AUD$ has appreciated by 0.40% against the USD$

*Data in Price Return

Nikkei 225 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Tokai Carbon Co Ltd TSE:1876 1876 92 5.16% 12.05M
Fujikura Ltd TSE:840 840 30 3.70% 5.04M
Trend Micro Inc/Japan TSE:6390 6390 220 3.57% 757.70k
Ebara Corp TSE:4035 4035 125 3.20% 500.50k
Sumitomo Dainippon Pharma Co Ltd TSE:2126 2126 65 3.15% 2.12M

 

Underperformers Ticker Price Chg % Chg Volume
Sompo Holdings Inc TSE:4599 4599 -340 -6.88% 4.46M
Advantest Corp TSE:2638 2638 -112 -4.07% 4.58M
MS&AD Insurance Group Holdings Inc TSE:3715 3715 -153 -3.96% 2.71M
Sony Financial Holdings Inc TSE:2150 2150 -48 -2.18% 829.20k
Japan Steel Works Ltd/The TSE:3460 3460 -75 -2.12% 818.30k

Hang Seng Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
WH Group Ltd SEHK:288  8.82 0.41 4.88% 56.43M
AAC Technologies Holdings Inc SEHK:2018 118.70 5.30 4.67% 10.74M
China Merchants Port Holdings Co Ltd SEHK:144  18.90 0.60 3.28% 17.82M
AIA Group Ltd SEHK:1299 74.20 2.20 3.06% 20.45M
Galaxy Entertainment Group Ltd SEHK:27   69.00 1.95 2.91% 11.65M

 

Underperformers Ticker Price Chg % Chg Volume
China Shenhua Energy Co Ltd SEHK:1088 21.10 -0.90 -4.09% 35.99M
China Resources Land Ltd SEHK:1109 30.05 -0.75 -2.44% 6.12M
Country Garden Holdings Co Ltd SEHK:2007 16.36 -0.36 -2.15% 20.61M
China Unicom Hong Kong Ltd SEHK:762  11.24 -0.16 -1.40% 29.21M
Want Want China Holdings Ltd SEHK:151  7.11 -0.08 -1.11% 10.24M

Sensex Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
State Bank of India NSEI:SBIN 245.10 5.90 2.47% 1.39M
Tata Consultancy Services Ltd NSEI:TCS 3557.95 55.60 1.59% 68.34k
Coal India Ltd NSEI:COALINDIA 269.75 3.35 1.26% 94.57k
ICICI Bank Ltd NSEI:ICICIBANK 289.65 3.25 1.13% 416.01k
Oil & Natural Gas Corp Ltd NSEI:ONGC 185.60 0.55 0.30% 194.32k

 

Underperformers Ticker Price Chg % Chg Volume
Sun Pharmaceutical Industries Ltd NSEI:SUNPHARMA 443.80 -20.90 -4.50% 422.61k
Dr Reddy's Laboratories Ltd BSE:500124 1894.35 -83.70 -4.23% 34.06k
Yes Bank Ltd BSE:532648 334.15 -11.30 -3.27% 428.91k
Tata Motors Ltd BSE:500570 296.55 -8.70 -2.85% 759.80k
Tata Steel Ltd BSE:500470 576.90 -14.60 -2.47% 482.71k


ASX 200 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Orocobre Ltd ASX:ORE  6.40 0.34 5.61% 1.84M
Corporate Travel Management Ltd ASX:CTD  25.72 1.14 4.64% 329.53k
Vocus Group Ltd ASX:VOC  2.46 0.10 4.24% 5.41M
WiseTech Global Ltd ASX:WTC  14.29 0.47 3.40% 982.48k
IPH Ltd ASX:IPH  4.38 0.14 3.30% 410.29k

 

Underperformers Ticker Price Chg % Chg Volume
Asaleo Care Ltd ASX:AHY  1.345 -0.09 -5.94% 2.42M
Boral Ltd ASX:BLD  6.26 -0.25 -3.84% 6.84M
Fortescue Metals Group Ltd ASX:FMG  4.71 -0.15 -3.09% 13.70M
Retail Food Group Ltd ASX:RFG  0.81 -0.03 -2.99% 6.16M
South32 Ltd ASX:S32  3.89 -0.12 -2.99% 18.62M