Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (1.34%), Hang Seng Futures (0.99%), ASX SPI 200 (0.81%), S&P Futures (0.02%)

Apr 15 ,2024

  • Synopsis:

    • Asian markets set for a negative start to Tuesday trade. Futures pointing to opening declines in Japan, Hong Kong and Australia. S&P 500 futures flat after US indexes swung lower amid Middle East headline volatility. Australian and New Zealand bonds weaker, tracking earlier Treasury curve bear steepening. FX markets steady with dollar near highest since early-Nov. Yen sold off again, hitting fresh 34-year low. Crude and gold rebounded from earlier lows. Bitcoin retreated sharply.

    • Middle East tensions continued to weigh on risk sentiment as initial optimism for a de-escalation gave way to fears over full-blown conflict after Israel vowed to respond forcefully. US and allies working to prevent escalation and expressed opposition to retaliatory strike. Iran also threatened to respond "within seconds" to any strike. Headlines remain fluid with Israel also saying it is not looking to spark all-out war, keeping alive hopes situation will be relatively contained.

    • China Q1 GDP growth forecast to have slowed on-year, reflecting drags from trade and property. Base year effects also likely to have played a role with figures expected to show sequential pickup in growth. March activity data expected to show slower growth in fixed asset investment (ytd), retail sales and industrial production, coming after recent March figures showed softer exports, credit data as well as pickup in deflation pressures.

  • Pre-open Company News:

    • 531344.IN -- Container Corp. of India reports Q4 total throughput (TEUs) 1.2M, +11.2% y/y

    • 6323.JP -- Rorze Corp completes acquisition of 14,900 treasury stocks for ¥438.3M as announced on 11-Apr

    • 601169.CH -- Bank of Beijing initiated overweight at Zhongtai Securities (timing uncertain)

    • 603529.CH -- AIMA Technology Group reports FY net income attributable CNY1.88B vs FactSet CNY1.91B [4 est, CNY1.88-1.94B]

    • 2318.HK -- Ping An Insurance (Group) Co. of China releases sustainability report

    • 600095.CH -- Xiangcai to repurchase CNY80-160M of A-shares on open market at up to CNY10.04/share within 12 months

    • 540755.IN -- General Insurance Corporation of India appoints general manager V Balkrishna as CFO, effective 1-May

    • 002916.CH -- Shennan Circuits reports Q1 net income attributable CNY379.6M vs FactSet CNY344.5M [4 est, CNY262-398.5M]

    • 002236.CH -- Zhejiang Dahua Technology reports Q1 net income attributable CNY561.0M, +13% vs year-ago CNY495.4M

    • D05.SP -- DBS Group Holdings upgraded to neutral from sell at Goldman Sachs

    • RICHT.HB -- Gedeon Richter presented new analyses of cariprazine studies showing its effectiveness in the treatment for dual disorder

    • 600886.CH -- SDIC Power Holdings reports Q1 domestic gross electricity generated 39.54B kWh, +3.3% y/y

    • M1GU.SP -- Sabana Industrial Real Estate Investment Trust Q1 business update; rental reversion +23.7%

    • 2588.HK -- BOC Aviation reports Q1 total fleet of 688 aircraft owned, managed and on order

    • 688009.CH -- China CRSC initiated buy at Northeast Securities (timing uncertain)

  • On Deck:

    • China:

      • Economic:

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

        • 10:00 CST: Industrial Production NSA Y/Y; consensus +5.5%

        • 10:00 CST: GDP NSA Y/Y; consensus +4.5%

        • 10:00 CST: Retail Sales NSA Y/Y; consensus +4.5%

    • Australia:

      • Earnings:

        • Bank of Queensland (BOQ.AU)

    • Philippines:

      • Earnings:

        • Alliance Global Group (AGI.PM)

  • Market Data:

    • Gold (Jun 24): +$18.20 or +0.76% to $2401.20

    • WTI Crude (May 24): +$0.42 or +0.49% to $85.83

    • $-¥: +0.98 or +0.64% to 154.2020

    • $-KRW: +6.02 or +0.44% to 1386.7300

    • A$-$: (0.00) or (0.59%) to 0.6443

    • $-INR: (0.10) or (0.12%) to 83.5112

    • $-CNY: 0.00 or 0.00% to 7.2370

  • 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:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE