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Asian and Australian Stocks While You Were Sleeping

May 29, 2018

Asian Markets

  • Negative sentiment across Asia was driven by political instability in Europe, as well as uncertainty about the outcome of a potential US-North Korean summit

Japanese Markets

  • Japanese equities finished lower with the Nikkei 225 -0.55%
  • Market breadth in the Nikkei 225 was notably negative with only 53 stocks advancing compared to 155 declines
  • Volume in the Nikkei 225 was 15.75% below its 10-day average
  • Japan’s unemployment rate for April came in at 2.5%, which was in-line with consensus
  • A Nikkei Asian Review report states that President Trump and Japanese Prime Minister Shinzo Abe will meet before the possible US-North Korea summit to discuss how to proceed with issues such as North Korea’s denuclearization

Chinese Markets

  • Chinese and Hong Kong stocks declined across the board with the Hang Seng -1.00%, the CSI 300 -0.76%, and the Shanghai Composite -0.47%
  • Market breadth in the Hang Seng was overwhelmingly negative as 40 out of 50 stocks finished in the red
  • Volume in the Hang Seng was relatively in-line with usual levels (2.19% below 10-day average)
  • According to a Reuters report, there was animosity between US and Chinese envoys at a World Trade Organization (WTO) hearing yesterday, based on President Trump’s remarks about China infringing on US intellectual property 

Indian Markets

  • Indian stocks broadly retreated with the Sensex -0.61% and the Nifty 50 -0.52%
  • Market breadth in the Sensex was decidedly negative with only 10 stocks finishing higher (compared to 21 declines)
  • Volume across Indian markets was 92.30% of its 10-day average

Australian Markets

  • Australian stocks closed modestly higher with the ASX 200 +0.16%
  • Market breadth in the ASX 200 was moderately positive as 93 stocks advanced with 88 stocks declined
  • Volume in the ASX 200 was 2.30% below its 10-day average

What is Going on with Asian/Australian Currencies?

  • Haven currency JPY¥ is 0.46% stronger relative to the USD$
  • AUD$ has depreciated by 0.15% against the USD$
  • CNY¥ is 0.28% weaker compared to the USD$
  • INR ? has fallen 0.65% in relation to the USD$

Highlights from the Asian/Australian Bond Market

  • Australian treasuries are rallying, with yields on the Aussie 10-year down 6.9 basis points to 2.68%
  • Yields on the Chinese 10-year bond are down 1.9 basis points to 3.589%
  • Japan’s 10-year bond yield is down 1.1 basis points to 0.02%
  • Indian treasuries are selling-off, with yields on the Indian 10-year up 2.4 basis points to 7.76%

*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:5301 2118 178 9.18% 28.20M
FamilyMart UNY Holdings Co Ltd TSE:8028 11410 260 2.33% 582.80k
Showa Denko KK TSE:4004 4495 75 1.70% 2.25M
Kao Corp TSE:4452 8436 118 1.42% 1.86M
Tokyu Fudosan Holdings Corp TSE:3289 799 11 1.40% 2.98M

 

Underperformers Ticker Price Chg % Chg Volume
Nippon Paper Industries Co Ltd TSE:3863 1882 -180 -8.73% 2.32M
MINEBEA MITSUMI Inc TSE:6479 2036 -108 -5.04% 7.10M
Ricoh Co Ltd TSE:7752 964 -41 -4.08% 4.16M
Nippon Sheet Glass Co Ltd TSE:5202 1099 -40 -3.51% 2.64M
Ube Industries Ltd TSE:4208 3330 -110 -3.20% 860.70k

Hang Seng Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Want Want China Holdings Ltd SEHK:151  7.56 0.34 4.71% 26.95M
Wharf Real Estate Investment Co Ltd SEHK:1997 62.60 1.70 2.79% 3.25M
AAC Technologies Holdings Inc SEHK:2018 119.70 3.10 2.66% 6.53M
China Resources Power Holdings Co Ltd SEHK:836  16.14 0.22 1.38% 13.05M
China Shenhua Energy Co Ltd SEHK:1088 20.15 0.25 1.26% 30.84M

 

Underperformers Ticker Price Chg % Chg Volume
Country Garden Holdings Co Ltd SEHK:2007 15.50 -0.44 -2.76% 43.73M
China Unicom Hong Kong Ltd SEHK:762  10.88 -0.30 -2.68% 19.40M
AIA Group Ltd SEHK:1299 71.25 -1.55 -2.13% 11.17M
CNOOC Ltd SEHK:883  12.78 -0.22 -1.69% 54.71M
WH Group Ltd SEHK:288  8.36 -0.14 -1.65% 23.43M

Sensex Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Mahindra & Mahindra Ltd NSEI:M&M 868.80 19.20 2.26% 276.23k
Bharti Airtel Ltd BSE:532454 378.25 4.05 1.08% 118.94k
Tata Consultancy Services Ltd NSEI:TCS 3522.70 18.90 0.54% 102.88k
Hero MotoCorp Ltd BSE:500182 3612.35 15.50 0.43% 9.10k
Larsen & Toubro Ltd BSE:500150 1380.10 2.50 0.18% 338.18k

 

Underperformers Ticker Price Chg % Chg Volume
ICICI Bank Ltd NSEI:ICICIBANK 290.65 -8.60 -2.87% 578.23k
State Bank of India NSEI:SBIN 264.90 -7.35 -2.70% 821.46k
IndusInd Bank Ltd BSE:532187 1877.55 -39.90 -2.08% 20.74k
Yes Bank Ltd BSE:532648 338.45 -6.15 -1.78% 395.04k
Asian Paints Ltd NSEI:ASIANPAINTS 1299.15 -20.35 -1.54% 38.65k

 

ASX 200 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Galaxy Resources Ltd ASX:GXY 3.42 0.43 14.38% 10.63M
Retail Food Group Ltd ASX:RFG 0.85 0.075 9.74% 2.91M
Lynas Corp Ltd ASX:LYC 2.38 0.13 5.78% 8.24M
APN Outdoor Group Ltd ASX:APO 5.75 0.27 4.93% 3.30M
Greencross Ltd ASX:GXL 4.47 0.16 3.71% 900.98k

 

Underperformers Ticker Price Chg % Chg Volume
Corporate Travel Management Ltd ASX:CTD 24.20 -1.48 -5.76% 485.08k
Altium Ltd ASX:ALU 20.34 -1.05 -4.91% 657.74k
NEXTDC Ltd ASX:NXT 7.27 -0.23 -3.07% 1.26M
TPG Telecom Ltd ASX:TPM 5.42 -0.17 -3.04% 3.57M
IRESS Ltd ASX:IRE 10.55 -0.32 -2.94% 419.55k