Asia Pacific share market closed mixed on Tuesday, 14 July 2015, as
investors preferred to cashing out some gain off the table on caution
before Greece deadline on Wednesday to pass key creditor demands through
parliament to confirm the implementation of the reforms to secure the
financial aid. Risk sentiments were also muted on caution ahead of key
economic data from word second largest economy and central bank
activities including BoJ, BoC and EB policy decision on Wednesday.
Another major focus is Fed chair Janet Yellen's Humphrey-Hawkins
testimony on Wednesday and Thursday.
Greece finally qualified for an agreement with Eurozone leaders on the third bailout worth up to EUR 86 billion to keep his country in the euro area on Monday. The Greek parliament has until Wednesday to pass into law key creditor demands including streamlining value-added taxes, broadening the tax base to increase revenue and curbing pension costs. Greece will now need to pass through parliament by Wednesday to confirm the implementation of the reforms to secure the financial aid.
In china, the release of second-quarter gross domestic product data, along with industrial production, fixed-asset investment and retail sales figures for June due on Wednesday.
Among Asian bourses
Australia market surges on upbeat business confidence data
The Australian share market ended sharply higher, as risk sentiments bolstered up after success of long-awaited Greek bailout agreement between Greece and Eurozone leaders. Sentiment locally received a further boost from a report that pointed to a pickup in business confidence and overall conditions in June 2015. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both surged by 1.9% to 5577.40 and 5561.90, respectively.
Australian firms reported strong gains in business conditions and rising confidence in June. The National Australia Bank's business conditions index rose 5 points to show a net balance of +11. Business confidence rose 2 points to +10, the strongest reading since September 2013.
All ASX sectoral indices advanced, with shares of material and resources companies being top gainers. Among blue-chip miners, BHP Billiton added 2.6% to A$27.10 and Rio Tinto rose 3% to A$53.07. Fortescue Metals Group jumped 3.8% to A$1.79.
Shares of financial companies were also higher, on the back of bargain hunting. Australia & New Zealand Banking Group added 0.9% to A$32.20, Westpac Banking Corp 2% to A$33.61, National Australia Bank 1.8% to A$33.47 and Commonwealth Bank of Australia 1.3% to A$86.25.
Virgin Australia Holdings declined 1.2% to A$0.43 as reports said the airlines had cleared the backlog of stranded passengers after an ash cloud near Bali, Indonesia, forced flight cancelations there.
Japan market rally gains steam
Japanese share market climbed up for second straight session, celebrating the announcement of a bailout deal between Greece and its creditors. Sentiment locally received a further boost from the yen weakening against a basket of major currencies. The Nikkei Stock Average advanced 295.56 points, or 1.47%, to end at 20385.33 points, on the top of yesterday's 1.6%gain. The broader Topix index rose 1.56%, or 25.20 points, to close at 1638.71 points, extending yesterday's 1.9% rally.
Exporter stocks were the biggest winners on the benchmark Nikkei, thanks to yen weakening against the greenback and other major currencies. The yen was little changed at 123.38 per dollar after falling 0.5% yesterday. A weaker yen is positive for Japanese exporters as it makes products cheaper overseas and improves their profits when repatriated. Among major exporters, Hitachi rose 1.8% and Sumitomo Electric Industries added 3.4%.Nissan Motor Co climbed up 2.3% and Fuji Heavy Industries rose 3.4%.
Financials were also higher, following the overnight rally in the US peers. Nomura Holdings Inc gained 4.7% and Daiwa Securities Group Inc rose 2.8%.
Shares of civil aviation players bumped up from weaker crude-oil prices, with ANA Holdings Inc adding 0.7%, while Japan Airlines Co rose 1.4% on reports that the Delta Air Lines Inc was offering to sponsor Skymark Airlines Inc.'s emergence from bankruptcy in a move that could "fuel competition in Japan's closed market for domestic flights."
Disco gained 4.7%, on reports its first quarter operating profit probably surged 60% on the year to 9 billion yen, helped by capital investment by makers of smartphone components
Excel Co. surged 21% after activist investor Yoshiaki Murakami said he holds a 5.2% stake in the electronic-products maker.
China market ends mixed
Mainland China's stock market ended mixed in volatile trading, as investors withdrew some gains off the table amid concern recent gains were excessive. Profit taking selloff was also fueled on caution before the release of second-quarter gross domestic product data, along with industrial production, fixed-asset investment and retail sales figures for June on Wednesday. The benchmark Shanghai Composite Index declined 45.90 points, or 1.16%, to finish at 3924.49 points, halting a three-day 13% rally. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.38%, or 29.27 points, to 2149.52. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 1.6% to end at 2726.05 points.
Total of 7 out of 10 SSE index ended down, with industrial issue was top loser (down 3.4%), followed by energy (down 3.2%), financial (down 3.1%), material (down 2.9%), utilities (down 1.5%), consumer discretionary (down 1%), and consumer staples 9down 1%). Bucking the trend, information technology issue rose 5.4% and telecommunication services jumped 3.6%.
Shares of material and financial companies declined the most in Beijing amid profit taking. Citic Securities slumped 6.5%. Guotai Junan Securities Co. retreated 7.4%. Baoshan Steel tumbled 7.6%. Aluminum Corp. of China plunged 7.4%.
Technology stocks were higher, with a 3.2% advance. Tsinghua Tongfang Co., a provider of computer and software services controlled by Tsinghua University, surged by the 10% daily limit.
HSI halts three days rally on profit booking
The Hong Kong stock market ended lower in choppy trading, snapping three days of winning streak, as investors cashed in profit on tracking losses in Shanghai which ended 1.2% down. The Hang Seng Index declined 103.10 points or 0.41% to finish at 25120.91 points, off an intra-day high of 25250.95, halting a three-day 7% rally. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 167.66 points, or 1.4%, to 11836.17 points. Turnover reduced to HK$126 billion from HK$136.8 billion on Monday.
Securities counters fell across the board, dragged by the A-share market. Guotai Junan (01788) slid 5.4% to HK$3.49. Both CC Securities (01375) and Haitong Sec (06837) fell 3% to HK$5.25 and HK$15.16.
Macau casino operators surged again after the previous day's rallies on reports the government will ease up on a planned smoking ban on gaming floors. Sands China surged 4.85% to $HK32.45 and Galaxy Entertainment jumped 3.81% to $HK36.80. On Monday, Sands added 4.74% and Galaxy rose 3.96%.
China LNG (00931) requested a trading suspension after Glaucus Research issued a report with a "strong sell" recommendation, and a target price of HK$0.08. The stock traded down 1.35% at HK$1.46 before suspension.
Sensex snaps two-day winning streak
Indian stock market ended lower, amid profit booking, with financial and realty being top losers after retail inflation data dampened hopes of an interest rate cut by the Reserve Bank of India next month. The fall in June wholesale price inflation also failed to boost the sentiment, but they cushioned the fall.
The data released by the government during market hours today, 14 July 2015, showed that inflation based on the wholesale price index (WPI) remained in negative zone last month. Data released by the government after trading hours yesterday, 13 July 2015, showed the rate of inflation based on the consumer price index (CPI) accelerated to 5.4% in June 2015 from 5.01% in May 2015. The increase in CPI was driven by food price inflation. Consumer Food Price Index (CFPI) surged to 5.48% in June 2015 from 4.8% in May 2015.
Elsewhere in the Asia Pacific region: Taiwan's Taiex index added 0.1% to 9041.76. South Korea's KOSPI fell 0.1% to 2059.23. New Zealand's NZX50 added 0.8% to 5750.88. Singapore's Straits Times index advanced 0.2% at 3316.50. Indonesia's Jakarta Composite index jumped 0.2% to 4901.81. Malaysia's KLCI rose 0.3% to 1721.10.
Greece finally qualified for an agreement with Eurozone leaders on the third bailout worth up to EUR 86 billion to keep his country in the euro area on Monday. The Greek parliament has until Wednesday to pass into law key creditor demands including streamlining value-added taxes, broadening the tax base to increase revenue and curbing pension costs. Greece will now need to pass through parliament by Wednesday to confirm the implementation of the reforms to secure the financial aid.
In china, the release of second-quarter gross domestic product data, along with industrial production, fixed-asset investment and retail sales figures for June due on Wednesday.
Among Asian bourses
Australia market surges on upbeat business confidence data
The Australian share market ended sharply higher, as risk sentiments bolstered up after success of long-awaited Greek bailout agreement between Greece and Eurozone leaders. Sentiment locally received a further boost from a report that pointed to a pickup in business confidence and overall conditions in June 2015. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index both surged by 1.9% to 5577.40 and 5561.90, respectively.
Australian firms reported strong gains in business conditions and rising confidence in June. The National Australia Bank's business conditions index rose 5 points to show a net balance of +11. Business confidence rose 2 points to +10, the strongest reading since September 2013.
All ASX sectoral indices advanced, with shares of material and resources companies being top gainers. Among blue-chip miners, BHP Billiton added 2.6% to A$27.10 and Rio Tinto rose 3% to A$53.07. Fortescue Metals Group jumped 3.8% to A$1.79.
Shares of financial companies were also higher, on the back of bargain hunting. Australia & New Zealand Banking Group added 0.9% to A$32.20, Westpac Banking Corp 2% to A$33.61, National Australia Bank 1.8% to A$33.47 and Commonwealth Bank of Australia 1.3% to A$86.25.
Virgin Australia Holdings declined 1.2% to A$0.43 as reports said the airlines had cleared the backlog of stranded passengers after an ash cloud near Bali, Indonesia, forced flight cancelations there.
Japan market rally gains steam
Japanese share market climbed up for second straight session, celebrating the announcement of a bailout deal between Greece and its creditors. Sentiment locally received a further boost from the yen weakening against a basket of major currencies. The Nikkei Stock Average advanced 295.56 points, or 1.47%, to end at 20385.33 points, on the top of yesterday's 1.6%gain. The broader Topix index rose 1.56%, or 25.20 points, to close at 1638.71 points, extending yesterday's 1.9% rally.
Exporter stocks were the biggest winners on the benchmark Nikkei, thanks to yen weakening against the greenback and other major currencies. The yen was little changed at 123.38 per dollar after falling 0.5% yesterday. A weaker yen is positive for Japanese exporters as it makes products cheaper overseas and improves their profits when repatriated. Among major exporters, Hitachi rose 1.8% and Sumitomo Electric Industries added 3.4%.Nissan Motor Co climbed up 2.3% and Fuji Heavy Industries rose 3.4%.
Financials were also higher, following the overnight rally in the US peers. Nomura Holdings Inc gained 4.7% and Daiwa Securities Group Inc rose 2.8%.
Shares of civil aviation players bumped up from weaker crude-oil prices, with ANA Holdings Inc adding 0.7%, while Japan Airlines Co rose 1.4% on reports that the Delta Air Lines Inc was offering to sponsor Skymark Airlines Inc.'s emergence from bankruptcy in a move that could "fuel competition in Japan's closed market for domestic flights."
Disco gained 4.7%, on reports its first quarter operating profit probably surged 60% on the year to 9 billion yen, helped by capital investment by makers of smartphone components
Excel Co. surged 21% after activist investor Yoshiaki Murakami said he holds a 5.2% stake in the electronic-products maker.
China market ends mixed
Mainland China's stock market ended mixed in volatile trading, as investors withdrew some gains off the table amid concern recent gains were excessive. Profit taking selloff was also fueled on caution before the release of second-quarter gross domestic product data, along with industrial production, fixed-asset investment and retail sales figures for June on Wednesday. The benchmark Shanghai Composite Index declined 45.90 points, or 1.16%, to finish at 3924.49 points, halting a three-day 13% rally. The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 1.38%, or 29.27 points, to 2149.52. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 1.6% to end at 2726.05 points.
Total of 7 out of 10 SSE index ended down, with industrial issue was top loser (down 3.4%), followed by energy (down 3.2%), financial (down 3.1%), material (down 2.9%), utilities (down 1.5%), consumer discretionary (down 1%), and consumer staples 9down 1%). Bucking the trend, information technology issue rose 5.4% and telecommunication services jumped 3.6%.
Shares of material and financial companies declined the most in Beijing amid profit taking. Citic Securities slumped 6.5%. Guotai Junan Securities Co. retreated 7.4%. Baoshan Steel tumbled 7.6%. Aluminum Corp. of China plunged 7.4%.
Technology stocks were higher, with a 3.2% advance. Tsinghua Tongfang Co., a provider of computer and software services controlled by Tsinghua University, surged by the 10% daily limit.
HSI halts three days rally on profit booking
The Hong Kong stock market ended lower in choppy trading, snapping three days of winning streak, as investors cashed in profit on tracking losses in Shanghai which ended 1.2% down. The Hang Seng Index declined 103.10 points or 0.41% to finish at 25120.91 points, off an intra-day high of 25250.95, halting a three-day 7% rally. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, lost 167.66 points, or 1.4%, to 11836.17 points. Turnover reduced to HK$126 billion from HK$136.8 billion on Monday.
Securities counters fell across the board, dragged by the A-share market. Guotai Junan (01788) slid 5.4% to HK$3.49. Both CC Securities (01375) and Haitong Sec (06837) fell 3% to HK$5.25 and HK$15.16.
Macau casino operators surged again after the previous day's rallies on reports the government will ease up on a planned smoking ban on gaming floors. Sands China surged 4.85% to $HK32.45 and Galaxy Entertainment jumped 3.81% to $HK36.80. On Monday, Sands added 4.74% and Galaxy rose 3.96%.
China LNG (00931) requested a trading suspension after Glaucus Research issued a report with a "strong sell" recommendation, and a target price of HK$0.08. The stock traded down 1.35% at HK$1.46 before suspension.
Sensex snaps two-day winning streak
Indian stock market ended lower, amid profit booking, with financial and realty being top losers after retail inflation data dampened hopes of an interest rate cut by the Reserve Bank of India next month. The fall in June wholesale price inflation also failed to boost the sentiment, but they cushioned the fall.
The data released by the government during market hours today, 14 July 2015, showed that inflation based on the wholesale price index (WPI) remained in negative zone last month. Data released by the government after trading hours yesterday, 13 July 2015, showed the rate of inflation based on the consumer price index (CPI) accelerated to 5.4% in June 2015 from 5.01% in May 2015. The increase in CPI was driven by food price inflation. Consumer Food Price Index (CFPI) surged to 5.48% in June 2015 from 4.8% in May 2015.
Elsewhere in the Asia Pacific region: Taiwan's Taiex index added 0.1% to 9041.76. South Korea's KOSPI fell 0.1% to 2059.23. New Zealand's NZX50 added 0.8% to 5750.88. Singapore's Straits Times index advanced 0.2% at 3316.50. Indonesia's Jakarta Composite index jumped 0.2% to 4901.81. Malaysia's KLCI rose 0.3% to 1721.10.
