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Asian and Australian Stocks While You Were Sleeping

Jun 04, 2018

Asian & Australian Markets

  • Positive sentiment in Asian/Australian markets was fueled by progress made in Sino-American trade talks, as well as optimism about a positive outcome from the revitalized US-North Korea summit on June 12

Japanese Markets

  • Japanese stocks finished higher today with the Nikkei 225 rising 1.37%
  • All sectors in the Nikkei 225 were in the black
  • Financials (+2.13%), materials (+1.77%), and consumer discretionary stocks (+1.46%) were the biggest outperformers in the Nikkei 225
  • Market breadth in the Nikkei 225 was decidedly positive with 202 out of 225 stocks advancing
  • Volume in the Nikkei 225 was 6.32% above its average 10-day levels
  • Japan’s monetary base in May grew 8.1% on a Y/Y basis, which was higher than the increase in April (+7.8% in April)

Chinese Markets

  • Chinese and Hong Kong stocks advanced broadly with the Hang Seng up 1.66%, the CSI 300 climbing 0.98%, and the Shanghai Composite gaining 0.52%
  • All sectors in the Hang Seng finished in positive territory
  • Real estate (+2.33%), telecommunications services (+1.91%), and financials (+1.55%) were the bet performing sectors in the Hang Seng
  • Market breadth in the Hang Seng was overwhelmingly positive with 44 stocks advancing, compared to 6 declines
  • Volume in the Hang Seng was 13.90% below its 10-day average
  • China’s trade delegation issued a statement following negotiations with US trade officials, stating that although progress was made in areas such as agriculture and energy, further discussions are dependent on the “two parties meeting each other halfway”, and that no further trade actions be taken by the US

Indian Markets

  • Indian stocks closed were in the red today, with the Sensex down 0.61%, and the Nifty 50 retreating 0.63%
  • Information technology (+1.07%), energy (+0.64%), and healthcare stocks (+0.05%) were the largest outperformers in the Sensex
  • Telecommunications services (-2.97%), utilities (-1.71%), and financials (-1.41%) were the most significant underperformers in the Sensex
  • Market breadth in the Sensex was strongly negative with only 8 out of 31 stocks finishing higher
  • Volume in Indian markets was lower than 17.81% lower than average

Australian Markets

  • Australian closed higher with the ASX 200 advancing 0.59%
  • Real estate (+2.03%), consumer discretionary (+0.87%), and materials stocks (+0.79%) provided the highest returns in the ASX 200
  • Telecommunications services (-0.47%) was the only sector in negative territory in the ASX 200
  • Market breadth in the ASX 200 was positive with 131 stocks advancing while 58 stocks declined
  • Volume across Australian markets was softer than usual (14.42% below 10-day average levels)
  • Australian retail sales in April increased by 0.4% on a M/M basis, slightly higher than expected (+0.3% growth estimated).
  • Business inventories in Australia for 1Q2018 grew 0.7% q/q above the consensus of a 0.1% q/q decline. Corporate operating profits in 1Q2018 increased more than expected (+5.9% q/q vs +3.0% q/q anticipated)

What is Going on with Asia/Australian Currencies?

  • CNY¥ has appreciated by 0.25% against the USD$, to CNY¥0.1561/USD$
  • JPY¥ is 0.06% weaker relative to the USD$, to JPY¥0.0091/USD$
  • AUD$ has gained 1.18% in relation to the USD$, to AUD$0.7658/USD$
  • INR ? is 0.07% weaker compared to the USD$, to INR ? 67.1125/USD$

Highlights from the Asian/Australian Bond Markets

  • Australian treasuries are selling-off with yields on the Aussie 10-year up 3.0 basis points to 2.728%
  • Yields on the Chinse 10-year bond are up 1.8 basis points to 3.635%

 

*Data in Price Return

Nikkei 225 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Olympus Corp TSE:7733 4230 215 5.35% 2.63M
Sumitomo Metal Mining Co Ltd TSE:5713 4382 203 4.86% 2.45M
Denso Corp TSE:6902 5621 259 4.83% 3.23M
TDK Corp TSE:6762 10390 450 4.53% 1.25M
Fukuoka Financial Group Inc TSE:8354 606 25 4.30% 3.66M

 

Underperformers Ticker Price Chg % Chg Volume
Yahoo Japan Corp TSE:4689 387 -6 -1.53% 27.50M
Takeda Pharmaceutical Co Ltd TSE:4502 4243 -57 -1.33% 7.10M
Furukawa Electric Co Ltd TSE:5801 4045 -45 -1.10% 1.54M
Nippon Kayaku Co Ltd TSE:4272 1183 -13 -1.09% 915.80k
FANUC Corp TSE:6954 22905 -210 -0.91% 1.12M

Hang Seng Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Country Garden Holdings Co Ltd SEHK:2007 16.46 0.78 4.97% 57.76M
Geely Automobile Holdings Ltd SEHK:175  23.20 1.00 4.50% 59.16M
China Resources Land Ltd SEHK:1109 30.55 1.05 3.56% 11.19M
China Overseas Land & Investment Ltd SEHK:688  27.10 0.85 3.24% 19.40M
CSPC Pharmaceutical Group Ltd SEHK:1093 25.55 0.80 3.23% 78.90M

 

Underperformers Ticker Price Chg % Chg Volume
China Resources Power Holdings Co Ltd SEHK:836  15.62 -0.18 -1.14% 11.72M
CNOOC Ltd SEHK:883  13.60 -0.10 -0.73% 78.66M
Swire Pacific Ltd SEHK:19  80.40 -0.25 -0.31% 804.32k
Sunny Optical Technology Group Co Ltd SEHK:2382 157.70 -0.30 -0.19% 4.03M
PetroChina Co Ltd SEHK:857  6.47 -0.01 -0.15% 108.06M

 

Sensex Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Dr Reddy's Laboratories Ltd BSE:500124 1996.95 55.50 2.86% 100.01k
Infosys Ltd NSEI:INFY 1239.60 19.35 1.59% 88.79k
Mahindra & Mahindra Ltd NSEI:M&M 914.60 13.05 1.45% 149.21k
Tata Steel Ltd BSE:500470 566.95 6.60 1.18% 533.99k
Reliance Industries Ltd NSEI:RELIANCE 939.35 10.15 1.09% 1.87M

 

Underperformers Ticker Price Chg % Chg Volume
HDFC Bank Ltd NSEI:HDFCBANK 2046.55 -63.00 -2.99% 724.70k
Bharti Airtel Ltd BSE:532454 371.85 -10.75 -2.81% 140.75k
Adani Ports & Special Economic Zone Ltd NSEI:ADANIPORTS 377.60 -9.55 -2.47% 1.67M
Power Grid Corp of India Ltd BSE:532898 201.65 -4.25 -2.06% 3.00M
Hindustan Unilever Ltd BSE:500696 1562.20 -27.50 -1.73% 20.98k

ASX 200 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Mayne Pharma Group Ltd ASX:MYX 0.88 0.07 7.98% 24.97M
CYBG PLC ASX:CYB 5.30 0.30 6.00% 4.52M
Washington H Soul Pattinson & Co Ltd ASX:SOL 20.17 0.97 5.05% 116.05k
Nanosonics Ltd ASX:NAN 2.82 0.13 4.83% 1.10M
Mineral Resources Ltd ASX:MIN 18.70 0.78 4.35% 1.33M

 

Underperformers Ticker Price Chg % Chg Volume
OneMarket Ltd ASX:OMN 1.33 -0.15 -10.17% 11.19M
AGL Energy Ltd ASX:AGL 21.04 -0.75 -3.44% 2.90M
JB Hi-Fi Ltd ASX:JBH 23.39 -0.79 -3.27% 531.73k
Retail Food Group Ltd ASX:RFG 0.78 -0.03 -3.11% 941.24k
Ausdrill Ltd ASX:ASL 2.42 -0.07 -2.81% 1.55M