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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.63%, Hang Seng Futures 0.00%, ASX SPI 200 +0.71%, S&P Futures +0.05%

Dec 26 ,2023

  • Synopsis:

    • Asian markets set for a mixed start to Wednesday trade. Nikkei futures pointing to gains on the open. ASX advanced towards 11-month high in initial trade. S&P 500 futures unchanged after US markets added to recent gains overnight. Australian bonds little changed following earlier Treasury curve bear flattening. Dollar index on cusp of five-month low. Crude flat after strengthening to early December highs.

    • BOJ Summary of Opinions the macro focus today with attention on board member views on near-term policy outlook and wage/inflation dynamics. Central bank left policy unchanged in December and Governor Ueda's press conference dimmed expectations of a January policy change. However, Ueda's optimism on achieving virtuous cycle between wages and inflation has reinforced April as the more likely month for a rate hike following spring wage talks.

    • China gaming stocks extended rebound in offshore session with Tencent and NetEase rallying 3% and 5% respectively on Nasdaq Golden Dragon Index. Comes after China authorities softened their stance on online gaming with approval of 105 videogames and pledge to revise draft rules announced Friday cracking down on online game spending. Some analysts also downplayed impact of rules on companies like Tencent.

    • Also making headlines, China's State Council replaced another PBOC deputy governor as central bank shakeup continues. USTR extended tariff exclusions on 352 Chinese import categories until end-May. Japan to introduce law preventing Apple, Google from monopolizing their app stores and payment systems. China President Xi issued another Taiwan reunification warning.

  • Pre-open Company News:

    • 19.HK -- Swire Properties guidance not to have material adverse effect on Swire Pacific FY results

    • 000425.CH -- XCMG Construction Machinery commissioned new energy loader production line in China reducing annual carbon emissions by over 100 tons

    • 000725.CH -- BOE Technology Group cancels 500.0M repurcahsed shares (1.31% of share capital before cancelation)

    • 177.HK -- Jiangsu Expressway to invest CNY3.25B in Xitai Project

    • 539254.IN -- Adani Energy Solutions to acquire Halvad Transmission Ltd from PFC Consulting Ltd; financial terms undisclosed

    • TMUS -- SoftBank (9984.JP) confirms acquisition of 48.8M T-Mobile shares (equivalent to $7.6B) for no additional consideration upon satisfaction of contingent consideration condition

    • 1810.HK -- Xiaomi initiated buy at Huaan Securities

    • 3092.JP -- ZOZO Inc downgraded to 3-underperform from 2-neutral at SMBC Nikko

    • 532898.IN -- Power Grid Corp. of India acquires Vataman Transmission Limited for cash and shares

    • ^TTNASIA -- China economic growth expected to slow further in 2024:

    • +METROS -- Metros Development files amended F-1; downsizes IPO to 1.0M shares at an expected price of $8.00-$9.00/sh through Bousted and EF Hutton

    • 603392.CH -- Beijing Wantai Biological Pharmacy Enterprise responds to Shanghai Stock Exchange price query; not aware of any information which could explain recent trading

    • 1972.HK -- Swire Properties guides FY underlying net income attributable to increase ~30% from year-ago HK$8.7B

    • 4666.JP -- Park24 Co. upgraded to B+ from B at Mito Securities

    • 541450.IN -- Adani Green Energy board approves issuing 63.1M warrants for INR93.50B via a preferential issue as a private placement

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Foreign Direct Investment Y/Y; consensus

    • Japan:

      • Economic:

        • 09:30 JST: Import NSA Y/Y (Final); consensus (11.9%)

        • 09:30 JST: Trade Balance NSA (Final); consensus

        • 09:30 JST: Export NSA Y/Y (Final); consensus (0.2%)

        • 14:00 JST: Housing Starts NSA Y/Y; consensus (4.3%)

  • Market Data:

    • Gold (Feb 24): +$7.90 or +0.38% to $2077.70

    • WTI Crude (Feb 24): ($0.34) or (0.45%) to $75.23

    • $-¥: (0.09) or (0.06%) to 142.3700

    • $-KRW: (5.18) or (0.40%) to 1293.9200

    • A$-$: +0.00 or +0.28% to 0.6823

    • $-INR: (0.10) or (0.11%) to 83.1828

    • $-CNY: +0.01 or +0.13% to 7.1424

  • 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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MAY LOSE VALUE
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