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Asian and Australian Stocks While You Were Sleeping

Jun 06, 2018

Asian & Australian Markets Summary                                                                                                                                                   Click For Free Trial

  • Positive sentiment across Asian markets was driven by optimism that China’s potential appeasement of the Trump Administration, by offering to increase US imports into China, will deescalate further Sino-American trade tensions. India’s central bank raised its key interest rate for the first time since 2014, while stronger than expected economic data in Australia pushed stocks in the region higher

Japanese Stock Market

  • Japanese stocks finished higher, with the Nikkei 225 rising 0.15%
  • Telecommunications (+1.83%), consumer discretionary (+1.50%), and consumer staples stocks (+0.06%) were the biggest outperformers in the Nikkei 225
  • Industrials (-0.41%), financials (-0.13%), and materials stocks (-0.03%) were the largest decliners
  • Market breadth for the Nikkei 225 was decidedly positive with 141 stocks advancing, compared to 73 declines
  • Volume in the Nikkei 225 was 13.68% below its 10-day average
  • Japan’s average wages for April rose 0.8% Y/Y, below the consensus of a 1.4% increase

Chinese Stock Market

  • Chinese and Hong Kong stocks were mixed with the Hang Seng up 0.53%, and the Shanghai Composite gaining 0.03%, while the CSI 300 fell 0.21%
  • All sectors in the Hang Seng were in the black
  • Information technology (+2.13%), energy (+0.82%), industrials stocks (+0.59%) were the best performers in the Hang Seng
  • Market breadth for the Hang Seng was positive with 31 out of 50 stocks advancing
  • Volume in the Hang Seng was significantly lower than usual (33.31% below its 10-day average)
  • Chinese trade officials reportedly offered to purchase nearly $70 billion worth of US imports, but attached the caveat that the US does not impose any further tariffs against China

Indian Stock Market

  • Indian stocks advanced across the board with the Sensex climbing 0.79% and the Nifty 50 up 0.86%
  • There were no negative sectors in the Sensex
  • Consumer discretionary (+1.34%), industrials (+1.16%), and consumer staples stocks (+0.90%) advanced the most in the Sensex
  • Market breadth for the Sensex was overwhelmingly positive as 26 stocks advanced, while only 5 stocks declined
  • Volume across Indian markets relatively in-line with its average levels (0.60% below 10-day average)
  • The Reserve Bank of India raised its key interest rate by 25 basis points to 6.25%

Australian Stock Market

  • Australian stocks rose today, with the ASX 200 gaining 0.50%
  • Energy (+2.43), materials (+1.61%), and health care stocks (+1.15%) were the most significant gainers in the ASX200
  • The financials sector (-0.76%) was the largest underperformer in the ASX 200
  • Market breadth for the ASX 200 was positive with 134 stocks finishing higher, compared to 52 stocks retreating
  • Volume in Australian markets was 2.90% above its 10-day average
  • Australia’s 1Q2018 GDP grew 3.1% Y/Y, ahead of expectations for a 2.8% Y/Y growth rate

What is Going on with Asian & Australian Currencies?

  • INR is up 0.34%, to INR 0.1494/USD%
  • AUD$ is 0.63% stronger, to AUD$0.7666/USD$
  • CNY¥ is rising 0.19%, to CNY¥0.1564/USD$
  • JPY¥ is down 0.28%, to JPY¥0.0090/USD$

Highlights from the Asian Bond Market

  • Hong Kong treasuries are selling-off with the yield on the Hong Kong 10-year up 7.1 basis points to 2.145%
  • Yield on India’s 10-year bond is 7.4 basis points higher to 7.910%
  • Aussie sovereign treasures are falling today and yields on the Australian 10-year have risen 3.7 basis points to 2.759%

*Data in Price Return 

Nikkei 225 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Nippon Electric Glass Co Ltd TSE:5214 3115 142 4.78% 1.04M
Unitika Ltd TSE:3103 666 22 3.42% 512.00k
Hitachi Ltd TSE:6501 822.7 24.9 3.12% 20.98M
Mitsui Mining & Smelting Co Ltd TSE:5706 5070 145 2.94% 884.10k
Sony Corp TSE:6758 5539 150 2.78% 14.76M

 

Underperformers Ticker Price Chg % Chg Volume
Tokai Carbon Co Ltd TSE:5301 2068 -183 -8.13% 27.81M
OKUMA Corp TSE:6103 6420 -260 -3.89% 452.80k
FANUC Corp TSE:6954 22465 -665 -2.88% 1.21M
Tokuyama Corp TSE:4043 3835 -105 -2.66% 779.60k
Yaskawa Electric Corp TSE:6506 4220 -115 -2.65% 2.47M

Hang Seng Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
AAC Technologies Holdings Inc SEHK:2018 131.90 11.20 9.28% 19.59M
Want Want China Holdings Ltd SEHK:151  7.90 0.47 6.33% 44.13M
Sunny Optical Technology Group Co Ltd SEHK:2382 168.00 7.80 4.87% 9.65M
PetroChina Co Ltd SEHK:857  6.56 0.19 2.98% 157.56M
China Shenhua Energy Co Ltd SEHK:1088 21.30 0.35 1.67% 22.18M

 

Underperformers Ticker Price Chg % Chg Volume
China Resources Land Ltd SEHK:1109 31.15 -0.45 -1.42% 8.23M
CSPC Pharmaceutical Group Ltd SEHK:1093 25.65 -0.35 -1.35% 28.19M
Sino Land Co Ltd SEHK:83  14.00 -0.14 -0.99% 7.81M
Henderson Land Development Co Ltd SEHK:12  46.55 -0.40 -0.85% 4.67M
Link REIT SEHK:823  72.40 -0.50 -0.69% 5.32M

 

Sensex Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
Bharti Airtel Ltd BSE:532454 380.35 16.55 4.55% 261.63k
Tata Motors Ltd BSE:500570 295.50 10.15 3.56% 1.27M
Sun Pharmaceutical Industries Ltd NSEI:SUNPHARMA 488.85 15.20 3.21% 261.26k
State Bank of India NSEI:SBIN 269.90 6.40 2.43% 1.00M
Coal India Ltd NSEI:COALINDIA 291.05 5.65 1.98% 143.61k

 

Underperformers Ticker Price Chg % Chg Volume
Asian Paints Ltd NSEI:ASIANPAINT 1263.75 -9.30 -0.73% 71.27k
Oil & Natural Gas Corp Ltd NSEI:ONGC 170.35 -0.80 -0.47% 104.45k
HDFC Bank Ltd NSEI:HDFCBANK 2059.15 -1.40 -0.07% 144.20k
ICICI Bank Ltd NSEI:ICICIBANK 283.80 -0.10 -0.04% 589.89k
Axis Bank Ltd BSE:532215 530.20 0.40 0.08% 3.19M

 

ASX 200 Movers

In local currency.

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Outperformers Ticker Price Chg % Chg Volume
WiseTech Global Ltd ASX:WTC 15.87 0.62 4.07% 890.21k
Sandfire Resources NL ASX:SFR 9.26 0.34 3.81% 1.02M
Beach Energy Ltd ASX:BPT 1.65 0.06 3.45% 5.97M
Fisher & Paykel Healthcare Corp Ltd ASX:FPH 13.26 0.43 3.35% 795.30k
Independence Group NL ASX:IGO 5.28 0.16 3.13% 4.04M

 

Underperformers Ticker Price Chg % Chg Volume
Retail Food Group Ltd ASX:RFG 0.71 -0.05 -6.58% 1.90M
Domino's Pizza Enterprises Ltd ASX:DMP 51.04 -2.34 -4.38% 712.75k
Galaxy Resources Ltd ASX:GXY 3.44 -0.11 -3.10% 4.90M
Mayne Pharma Group Ltd ASX:MYX 0.82 -0.03 -2.96% 8.55M
Metcash Ltd ASX:MTS 2.70 -0.06 -2.17% 16.88M