Asian and Australian Stocks While You Were Sleeping

May 23, 2018

Asian Markets

  • Sentiment across Asia and Australia has turned negative over concerns about the US’ ability to reach a new trade deal with China, after President Trump expressed that he was “not really pleased” with how negotiations were developing. Doubts about a positive outcome from a US-North Korea summit also dampened investor outlook

Japanese Markets

  • Japanese equities declined today with the Nikkei 225 1.18% lower today, compounding on yesterday’s declines
  • All sectors in the Nikkei 225 finished in the red. Consumer discretionary (-1.95%), industrials (-1.39%), and materials stocks (-1.31%) were the worst performers in the Nikkei 225 today
  • Market breadth in the Nikkei 225 was notably negative with 190 of 225 stocks declining today
  • Volume in the Nikkei 225 was relatively in-line with the average level (+2.11% above 10-day average)
  • Japan’s manufacturing PMI for May came in softer than expected (52.5 vs 53.8 projected)

Chinese Markets

  • Chinese and Hong Kong equities fell sharply across the board with the Hang Seng -1.82%, the CSI -1.32%, and the Shanghai Composite -1.41%
  • No sectors in the Hang Seng were in positive territory. Energy (-5.79%) and financials (-1.96%) sectors were the biggest laggards in the Hang Seng 
  • Market breadth in the Hang Seng was overwhelmingly negative with 47 stocks declining, compared to only 3 advances
  • Volume in the Hang Seng was more than 55.2% higher than its 10-day average, following the markets closure yesterday for Buddha’s birthday

Indian Markets

  • Indian equities retreated broadly with the Sensex -0.88% and the Nifty 50 -1.01%. The Sensex has declined in 6 of the past 7 days, and has fallen to a one-month low
  • Materials (-3.14%), energy (-2.12%), and consumer staples stocks (-1.90%) were the worst performers in the Sensex
  • Market breadth in the Sensex was decidedly negative
  • Industrials (+0.20%) was the only sector in positive territory in the Sensex

Australian Markets

  • Volume traded across Indian markets was 85.92% Australian Markets
  • Australian equites finished lower with the ASX -0.16%
  • Energy (-2.34%) and health care (-0.89%) were the biggest underperformers in the ASX 200
  • Real estate (+1.69%) and telecommunications stocks (+1.29%) were the best performers in the ASX 200
  • Market breadth in the ASX 200 was relatively neutral with 91 stocks advancing, while 98 stocks declined
  • The ASX 200 traded at 106.74% of its average 10-day volume

What Is Going on with Asian/Australian Currencies?

  • Haven currency JPY¥ has appreciated 0.83% against the USD$
  • AUD$ is 0.55% weaker compared to the USD$
  • CNY¥ has declined by 0.36% in relation to the USD$
  • INR? 0.55% lower relative to the USD$

Highlights from the Asian/Australian Bond Market

  • Singapore 10-Year bonds rallying, with yields on Singapore’s 10-Year down more than 4 basis points to 2.60%
  • Indian Treasuries selling-off with yields on the Indian 10-Year bond nearly 4 basis points higher to 7.848%

*Data in price return

Nikkei 225 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Recruit Holdings Co Ltd TSE:6098 2993.50 80 2.75% 7.16M
ANA Holdings Inc TSE:9202 4278 54 1.28% 1.17M
Sumitomo Dainippon Pharma Co Ltd TSE:4506 2165 27 1.26% 1.44M
Kirin Holdings Co Ltd TSE:2503 2996.50 32 1.08% 3.25M
Seven & i Holdings Co Ltd TSE:3382 4874 47 0.97% 2.67M

 

Underperformers Ticker Price Chg % Chg Volume
NGK Insulators Ltd TSE:5333 2006 -112 -5.29% 5.27M
Inpex Corp TSE:1605 1302.50 -61.50 -4.51% 8.55M
NSK Ltd TSE:6471 1384 -53 -3.69% 4.89M
Sojitz Corp TSE:2768 411 -15 -3.52% 16.49M
Fast Retailing Co Ltd TSE:9983 47830 -1740 -3.51% 738.90k

Hang Seng Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
China Resources Power Holdings Co Ltd SEHK:836  15.86 0.24 1.54% 13.96M
Sunny Optical Technology Group Co Ltd SEHK:2382 151.40 1.90 1.27% 4.02M
Link REIT SEHK:823  69.35 0.55 0.80% 6.44M
Want Want China Holdings Ltd SEHK:151  7.10 -0.01 -0.14% 13.37M
Henderson Land Development Co Ltd SEHK:12  50.95 -0.10 -0.20% 3.04M

 

Underperformers Ticker Price Chg % Chg Volume
China Shenhua Energy Co Ltd SEHK:1088 19.76 -1.34 -6.35% 50.72M
China Petroleum & Chemical Corp SEHK:386  7.70 -0.50 -6.10% 281.91M
CNOOC Ltd SEHK:883  13.64 -0.88 -6.06% 127.96M
AIA Group Ltd SEHK:1299 70.35 -3.85 -5.19% 36.78M
PetroChina Co Ltd SEHK:857  6.15 -0.29 -4.50% 204.04M

Sensex Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
State Bank of India NSEI:SBIN 263.20 9.05 3.56% 4.76M
NTPC Ltd NSEI:NTPCLN 166.35 1.35 0.82% 159.60k
Larsen & Toubro Ltd BSE:500510 1327.20 7.25 0.55% 115.97k
Tata Motors Ltd BSE:500570 309.25 1.50 0.49% 1.18M
ICICI Bank Ltd NSEI:ICICIBANK 291.70 0.95 0.33% 408.07k

 

Underperformers Ticker Price Chg % Chg Volume
Tata Steel Ltd BSE:500470 539.25 -37.95 -6.57% 1.21M
Oil & Natural Gas Corp Ltd NSEI:ONGC 175.55 -8.75 -4.75% 296.67k
Dr Reddy's Laboratories Ltd BSE:500124 1952.55 -61.20 -3.04% 46.31k
IndusInd Bank Ltd BSE:532187 1856.70 -53.55 -2.80% 20.26k
ITC Ltd NSEI:ITC 273.45 -5.35 -1.92% 322.91k


ASX 200 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Eclipx Group Ltd ASX:ECX 3.53 0.11 3.22% 1.23M
Mirvac Group ASX:MGR 2.30 0.07 3.14% 21.07M
Vicinity Centres ASX:VCX 2.64 0.07 2.72% 22.43M
Charter Hall Group ASX:CHC 6.26 0.16 2.62% 1.90M
Abacus Property Group ASX:ABP 3.74 0.09 2.47% 803.33k

 

Underperformers Ticker Price Chg % Chg Volume
Santos Ltd ASX:STO 5.90 -0.54 -8.39% 28.11M
a2 Milk Co Ltd ASX:A2M 9.30 -0.56 -5.68% 13.41M
Bellamy's Australia Ltd ASX:BAL 15.80 -0.79 -4.76% 928.57k
WiseTech Global Ltd ASX:WTC 13.86 -0.52 -3.62% 715.10k
Beach Energy Ltd ASX:BPT 1.74 -0.07 -3.60% 21.66M