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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.02%), Hang Seng Futures 0.00%, ASX SPI 200 0.00%, S&P Futures +0.12%

Dec 25 ,2023

  • Synopsis:

    • Asian markets set for a quiet start to Tuesday trade. Multiple markets remain closed for post-Christmas holidays, including Australia and Hong Kong. Nikkei futures signaling flat open in Japan. S&P 500 futures up slightly. Treasuries were narrowly mixed with some curve steepening. Muted price action in FX and commodity markets.

    • BOJ Governor Ueda's positive assessment on Japan wage/inflation developments reinforced expectations of a rate hike in April after he said central bank will likely consider policy change if virtuous cycle between wages and prices intensifies. While his comments elicited only mild market reaction, positioning data showed asset managers net bullish on yen for first time since May.

    • More fallout from China's decision to impose new rules limiting development spending on online games. Shares in companies like Tencent and NetEase saw heavy falls on Friday with losses extending into Monday's session in mainland China, as curbs sparked fears of new crackdown on internet sector. However, on Monday China approved 105 new online games and voiced support for industry, moves viewed as a sign that authorities are seeking to quell market concerns.

  • Pre-open Company News:

    • 002460.CH -- Ganfeng Lithium Group and Changan Automobile sign Memorandum of Cooperation regarding battery development

    • 3903.JP -- SBI Holdings to acquire up to 3.0M shares of gumi Co; terms undisclosed

    • ^TTNASIA -- BOJ Governor Ueda says will likely consider policy change if virtuous cycle intensifies:

    • 542652.IN -- Income Tax Department search at Polycab India facilities continues

    • 068270.KS -- Celltrion provides Uplyma (CT-P17, Humira biosimilar) interchangeability phase 3 clinical trial results

    • Estimated (four-day) weekend box office revenues in US, Canada $127.6M, (10.6%) y/y - Box Office Mojo

    • Japan November unemployment rate 2.5% vs consensus 2.5% vs consensus and 2.5% in prior month

    • 6967.JP -- Shinko Electric Industries publishes 2023 Sustainability Report

    • 600297.CH -- China Grand Automotive Services Group president and director Xiangyi Bao resigns

    • 603816.CH -- Jason Furniture (Hangzhou) controlling holders' sale of 29.4% stake to Infore Group to take place at CNY36.72/share vs previously advised CNY42.58/share

    • 002812.CH -- Yunnan Energy New Material notes completion of previously announced CNY300-500M share buyback

    • 600884.CH -- Ningbo Shanshan completes previously announced share repurchase

  • On Deck:

    • Japan:

      • Economic:

        • 08:30 JST: Unemployment Rate; consensus 2.5%

      • Earnings:

        • Sugi Holdings (7649.JP), J. FRONT RETAILING Co. (3086.JP)

  • Market Data:

    • Gold (Feb 24): ($2.30) or (0.11%) to $2066.80

    • WTI Crude (Feb 24): +$0.29 or +0.39% to $73.85

    • $-¥: (0.27) or (0.19%) to 142.1850

    • $-KRW: (3.86) or (0.30%) to 1295.2500

    • A$-$: +0.00 or +0.06% to 0.6808

    • $-INR: (0.11) or (0.13%) to 83.1688

    • $-CNY: +0.00 or +0.04% to 7.1355

  • If you would like to receive the Asian Market Preview daily, please search for Asia Pre-Market Updates in Alert Manager.

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

DEPOSITARY RECEIPTS:
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