Asian and Australian Stocks While You Were Sleeping

May 30, 2018

Asian & Australian Markets

  • Concerns about Italian political instability and further escalation of Sino-American trade tensions is driving negative sentiment across the Asia-Pacific region. Volume across Japanese, Chinese, and Aussie markets was heavy

Japanese Markets

  • Japanese stocks closed sharply lower today with the Nikkei 225 down 1.52%
  • Energy (-2.14%), financials (-1.94%), and industrials stocks (-1.78%) were the worst performers in the Nikkei 225
  • Telecommunications services (+0.50%) was the only Nikkei 225 sector in positive territory
  • Market breadth in the Nikkei 225 was overwhelmingly negative with only 16 stocks advancing compared to 207 declines.
  • Volume in the Nikkei was 32.52% above its average 10-day level
  • Japanese retail sales in April grew by 1.6% on a Y/Y basis, ahead of expectations (+1.0% retail sales growth forecasted).
  • Japanese Prime Minister Shinzo Abe and President Trump will hold a summit in Washington on June 7th to discuss a strategy of how to proceed ahead of a possible US-North Korean summit

Chinese Markets

  • Chinese and Hong Kong stocks moved lower across the board with the Hang Seng down 1.40%, the CSI 300 2.12% lower, and the Shanghai Composite declining 2.53%
  • All sectors in the Hang Seng finished in the red
  • Consumer discretionary (-2.31%), information technology (-1.79%), and financials stocks (-1.52%) were the biggest laggards in the Hang Seng
  • Market breadth in the Hang Seng was notably negative with 47 out of 50 stocks finishing down
  • Volume in the Hang Seng was up 43.13% compared to its 10-day average
  • According to a South China Morning Post report, the US will move forward with its plan to impose 25% tariff on $50 billion worth of Chinese imports. The Trump administration will announce on June 15th which imports will be targeted
  • PBOC Governor Yi Gang remarked that China’s financial sector has significant opportunity to become more open, while maintaining the government’s economic and financial objectives

Indian Markets

  • Indian stocks declined today with the Sensex sliding 0.12% and the Nifty 50 retreating 0.18%
  • All sectors in the Sensex ended trading in negative territory, excluding financials (+0.03%)
  • Industrials (-1.06%), consumer staples (-0.78%), and consumer discretionary stocks (-0.27%) were the worst performers in the Sensex
  • Market breadth in the Sensex was decidedly negative with only 11 of 31 stocks advancing
  • Volume across Indian markets was 3.53% below its 10-day level

Australian Markets

  • Australian stocks retreated with ASX 200  declining 0.48%
  • Healthcare (+0.71%), energy (+0.06%), and consumer staples stocks (+0.04%) were the largest outperformers in the Sensex
  • Financials (-1.39%), telecommunications services (-0.63%), and materials (-0.29%) were the worst performers in the Sensex
  • Volume in the ASX 200 was 32.36% of its 10-day average
  • Market breadth in the ASX 200 was negative with 76 stocks advancing while 112 stocks declined

What is Going on with Asian/Australian Currencies?

  • AUD$ has appreciated by 0.48% against the USD$, to AUD$ 0.75/USD$
  • CNY¥ unchanged in relation to the USD$, to CNY¥ 6.41/USD$
  • JPY¥ down 0.04% compared to the USD$, to JPY¥ 108.78/USD$
  • INR ? is 0.65% stronger relative to the USD$, to INR ? 67.43/USD$

Highlights from the Asian/Australian Bond Market

  • Hong Kong treasuries are rallying today, with yields on the Hong Kong 10-year down 10.2 basis points to 1.98%
  • Indian 10-year bond is selling-off, and yields on the Indian 10-year up 1.7 basis points to 7.77%
  • Australian treasuries are higher, with yields on the Aussie 10-year down 3.9 basis points to 2.64%

*Data in Price Return

Nikkei 225 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Isetan Mitsukoshi Holdings Ltd TSE:3099 1346 24 1.82% 2.80M
Showa Denko KK TSE:4004 4550 55 1.22% 3.34M
MINEBEA MITSUMI Inc TSE:6479 2050 14 0.69% 5.05M
SoftBank Group Corp TSE:9984 7747 50 0.65% 6.24M
Nippon Telegraph & Telephone Corp TSE:9432 5154 27 0.53% 2.89M

 

Underperformers Ticker Price Chg % Chg Volume
Ube Industries Ltd TSE:4208 3170 -160 -4.80% 1.15M
Sumitomo Electric Industries Ltd TSE:5802 1641 -63.50 -3.73% 2.96M
Tosoh Corp TSE:4042 1871 -71 -3.66% 2.60M
Kawasaki Heavy Industries Ltd TSE:7012 3240 -120 -3.57% 1.62M
Nisshinbo Holdings Inc TSE:3105 1328 -49 -3.56% 1.07M

Hang Seng Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
CNOOC Ltd SEHK:883  12.88 0.10 0.78% 78.91M
China Mengniu Dairy Co Ltd SEHK:2319 27.10 0.15 0.56% 13.00M
MTR Corp Ltd SEHK:66  44.25 0.15 0.34% 4.59M
CLP Holdings Ltd SEHK:2  81.70 -0.10 -0.12% 2.95M
China Petroleum & Chemical Corp SEHK:386  7.23 -0.02 -0.28% 158.05M

 

Underperformers Ticker Price Chg % Chg Volume
WH Group Ltd SEHK:288  8.11 -0.25 -2.99% 44.76M
Geely Automobile Holdings Ltd SEHK:175  22.15 -0.60 -2.64% 40.82M
Wharf Real Estate Investment Co Ltd SEHK:1997 60.95 -1.65 -2.64% 2.94M
Sunny Optical Technology Group Co Ltd SEHK:2382 155.80 -4.00 -2.50% 4.66M
China Resources Power Holdings Co Ltd SEHK:836  15.74 -0.40 -2.48% 10.01M

Sensex Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Mahindra & Mahindra Ltd NSEI:M&M 895.60 26.80 3.08% 505.45k
Coal India Ltd NSEI:COALINDIA 288.75 6.60 2.34% 475.74k
Kotak Mahindra Bank Ltd BSE:500247 1302.15 19.00 1.48% 42.12k
Yes Bank Ltd BSE:532648 343.15 4.70 1.39% 409.88k
Power Grid Corp of India Ltd BSE:532898 209.50 2.30 1.11% 2.95M

 

Underperformers Ticker Price Chg % Chg Volume
Tata Motors Ltd BSE:500570 288.95 -5.65 -1.92% 777.99k
ICICI Bank Ltd NSEI:ICICIBANK 285.25 -5.40 -1.86% 603.46k
Bajaj Auto Ltd NSEI:BAJAJ-AUTO 2763.10 -30.90 -1.11% 12.43k
Axis Bank Ltd BSE:532215 539.90 -6.00 -1.10% 265.75k
Larsen & Toubro Ltd BSE:500510 1365.20 -14.90 -1.08% 110.04k

ASX 200 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Bellamy's Australia Ltd ASX:BAL  16.70 0.89 5.63% 1.33M
Seven West Media Ltd ASX:SWM  0.81 0.04 5.23% 5.17M
Southern Cross Media Group Ltd ASX:SXL  1.26 0.06 5.00% 2.90M
Retail Food Group Ltd ASX:RFG  0.89 0.04 4.73% 2.85M
Blackmores Ltd ASX:BKL  147.76 5.47 3.84% 133.81k

 

Underperformers Ticker Price Chg % Chg Volume
Orocobre Ltd ASX:ORE  5.58 -0.34 -5.74% 1.51M
REA Group Ltd ASX:REA  87.29 -3.62 -3.98% 437.67k
Metcash Ltd ASX:MTS  2.91 -0.10 -3.32% 16.29M
WiseTech Global Ltd ASX:WTC  14.15 -0.47 -3.21% 706.05k
IOOF Holdings Ltd ASX:IFL  8.91 -0.26 -2.84% 2.50M