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Asian and Australian Stocks While You Were Sleeping

Jun 01, 2018

Japanese Markets

  • Japanese stocks finished lower today with the Nikkei 225 down 0.14%
  • Financials (+0.53%), materials (+0.50%), and healthcare (+0.10%) were the biggest outperformers in the Nikkei 225
  • Consumer staples (-0.94%), telecommunications (-0.38%), and consumer discretionary stocks (-0.44%) were the worst performers in the Nikkei 225
  • Market breadth in the Nikkei 225 was positive with 116 stocks advancing, compared to 103 declines
  • Volume in the Nikkei 225 was 9.94% above its average 10-day levels
  • Japan’s final manufacturing PMI for May came in at 52.8, slightly higher than preliminary results (52.5), but below April levels (53.8 PMI in April)

Chinese Markets

  • Chinses and Hong Kong stocks were mixed today with the Hang Seng up 0.08%, the CSI 300 down 0.84%, and the Shanghai Composite declining 0.66%
  • Energy (+1.71%), information technology (+0.72%), and telecommunications (+0.63%) sectors produced the highest returns in the Hang Seng
  • Consumer discretionary (-2.57%), utilities (-0.35%), and financials stocks (-0.14%) were the largest laggards in the Hang Seng
  • Market breadth in the Hang Seng was relatively neutral with 23 stocks advancing while 22 stocks finished lower
  • Volume in the Hang Seng was significantly higher than usual (+36.04% compared to 10-day average volume)
  • According to a Xinhua report, China will be cutting tariffs on 1,449 consumer goods items starting on July 1st. The average tariff rate on these goods will decline from 15.7% to 6.9%
  • A Wall Street Journal report states that the Chinese government has been buoying the country’s stock market, to ensure that it appears less volatile and is in-line with China’s political objectives

Indian Markets

  • Indian stocks closed lower with the Sensex falling 0.27%, and the Nifty 50 retreating by 0.37%
  • Materials (-1.63%), financials (-0.62%), and consumer staples stocks (-0.63%) were the most significant decliners in the Sensex today
  • Consumer discretionary (+1.68%) and energy stocks (+0.47%) were the only Sensex sectors in positive territory
  • Market breadth in the Sensex was negative as only 12 out of 31 stocks advanced
  • Volume across Indian markets was only 1.94% above its 10-day average
  • India’s 1Q2018 GDP grew 7.7% on a Y/Y basis, which was above expectations (+7.3% GDP growth projected)

Australian Markets

  • Australian stocks declined today, with the ASX 200 receding 0.36%
  • The telecommunications (-0.96%), financials (-0.88%), and energy sectors (-0.82%) were the biggest underperformers in the ASX 200
  • Healthcare (+0.60%) and materials stocks (+0.48%) were only positive ASX 200 sectors
  • Market breadth in the ASX 200 was notably negative with 65 stocks advancing while 119 stocks declined
  • Volume in the ASX 200 was ~85% of its average 10-day levels

Highlights from the Asian/Australian Bond Market

  • Hong Kong treasuries are selling-off, with yields on the Hong Kong 10-year bond up 3.o basis points to 2.017%
  • Yields on the Japanese 10-year bond are up 1.4 basis points to 0.038%
  • Australian treasuries are declining today, with yields on the Aussie 10-year bond up 3.1 basis points to 2.698%
  • Indian treasuries are falling, and yields on the Indian 10-year bond are up 2.4 basis points to 7.850%

What is Going on with Asian/Australian Currencies?

  • AUD$ is 0.49% weaker against the USD$, to AUD$1.32/USD$
  • CNY¥ fell 0.15% in relation to the USD$, to CNY¥6.42/USD$
  • INR ? has appreciated by 0.50% compared to the USD$, to INR ?67.06/USD$
  • JPY¥ has depreciated by 0.75% relative to the USD$, to JPY¥109.68/USD$

*Data in Price Return

Nikkei 225 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Daiichi Sankyo Co Ltd TSE:4568 3664 169 4.84% 4.24M
Pacific Metals Co Ltd TSE:5541 3795 155 4.26% 271.90k
Olympus Corp TSE:7733 4015 155 4.02% 2.93M
Obayashi Corp TSE:1802 1142 43 3.91% 4.46M
Showa Shell Sekiyu KK TSE:5002 1501 53 3.66% 3.27M

 

Underperformers Ticker Price Chg % Chg Volume
Takeda Pharmaceutical Co Ltd TSE:4502 4300 -152 -3.41% 7.09M
Kao Corp TSE:4452 8190 -252 -2.99% 2.84M
Furukawa Electric Co Ltd TSE:5801 4090 -120 -2.85% 1.55M
Hitachi Construction Machinery Co Ltd TSE:6305 3910 -110 -2.74% 1.29M
Komatsu Ltd TSE:6301 3491 -96 -2.68% 5.67M

Hang Seng Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
CNOOC Ltd SEHK:883  13.70 0.50 3.79% 189.91M
China Shenhua Energy Co Ltd SEHK:1088 21.00 0.50 2.44% 39.41M
China Resources Land Ltd SEHK:1109 29.50 0.70 2.43% 19.88M
Country Garden Holdings Co Ltd SEHK:2007 15.68 0.30 1.95% 32.94M
Link REIT SEHK:823  70.40 1.00 1.44% 8.69M

 

Underperformers Ticker Price Chg % Chg Volume
Sands China Ltd SEHK:1928 45.00 -1.95 -4.15% 27.90M
Galaxy Entertainment Group Ltd SEHK:27 H 66.85 -2.20 -3.19% 20.13M
China Mengniu Dairy Co Ltd SEHK:2319 27.90 -0.60 -2.11% 11.71M
China Resources Power Holdings Co Ltd SEHK:836  15.80 -0.26 -1.62% 6.90M
AAC Technologies Holdings Inc SEHK:2018 116.20 -1.90 -1.61% 6.38M

Sensex Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Bajaj Auto Ltd NSEI:BAJAJ-AUTO 2893.25 141.10 5.13% 139.62k
Maruti Suzuki India Ltd BSE:532500 8792.15 257.20 3.01% 153.68k
Bharti Airtel Ltd BSE:532454 382.60 8.80 2.35% 140.89k
Hero MotoCorp Ltd BSE:500182 3623.75 76.50 2.16% 21.26k
Tata Motors Ltd BSE:500182 287.20 4.30 1.52% 1.26M

 

Underperformers Ticker Price Chg % Chg Volume
Tata Steel Ltd BSE:500470 560.35 -15.10 -2.62% 480.54k
Oil & Natural Gas Corp Ltd NSEI:ONGC 172.95 -4.40 -2.48% 425.73k
Mahindra & Mahindra Ltd NSEI:M&M 901.55 -21.95 -2.38% 262.31k
IndusInd Bank Ltd BSE:532187 1914.95 -33.05 -1.70% 43.86k
NTPC Ltd NSEI:NTPC 164.25 -2.70 -1.62% 75.08k

 

ASX 200 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Domino's Pizza Enterprises Ltd ASX:DMP 52.41 3.18 6.46% 1.00M
Mayne Pharma Group Ltd ASX:MYX 0.82 0.04 5.16% 12.18M
Western Areas Ltd ASX:WSA 3.51 0.13 3.85% 2.39M
Cochlear Ltd ASX:COH 203.31 7.16 3.65% 217.92k
Independence Group NL ASX:IGO 4.97 0.13 2.69% 5.34M

 

Underperformers Ticker Price Chg % Chg Volume
Sigma Healthcare Ltd ASX:SIG 0.75 -0.04 -5.10% 3.22M
SpeedCast International Ltd ASX:SDA 5.71 -0.30 -4.99% 1.06M
Bellamy's Australia Ltd ASX:BAL 16.87 -0.83 -4.69% 814.58k
Monadelphous Group Ltd ASX:MND 13.88 -0.63 -4.34% 870.43k
Southern Cross Media Group Ltd ASX:SXL 1.25 -0.05 -3.86% 1.70M