Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.03%, Hang Seng Futures (0.29%), ASX SPI 200 (0.33%), S&P Futures (0.02%)

Oct 03 ,2024

  • Synopsis:

    • Asian markets set for mixed start to Friday trade. Futures pointing to flat start in Japan while Hang Seng and ASX tracking for mild initial declines. Mainland China markets remain closed for Golden Week holiday. Taiwan resumes trade following recent closure due to typhoon. Yen stabilized following Wednesday sell-off on dovish policy remarks. Crude steady following Thursday's 5% rally on Middle East tensions. Gold continues to fluctuate. Bitcoin pushed up from two-week low.

    • Oil price spiked late Thursday after President Biden revealed US discussing supporting Israeli strike on Iranian crude facilities. Brent has reached highest since late August, up ~10% from recent low. Markets on edge as Israel mulls its response to Iran's missile barrage this week. Iranian crude output hit six-year high of 3.37M bpd in August while Citi noted major strike could knock ~1.5M bpd off the market.

    • Nasdaq Golden Dragon index fell 2% overnight after China equity rally came to a halt Thursday amid sharp pullback in property developers. Undemanding valuations, underweight positioning, fund repositioning and liquidity support among factors driving turnaround in outlook for China equities. Though at same time, overbought technicals and profit-taking have been mentioned as near-term headwinds.

    • Attention centers on US nonfarm payrolls tonight with consensus looking for little change in headline employment growth and unchanged jobless rate. From Fed perspective, weaker print could ramp up November 50 bp cut odds given growing focus on labor market weakness. However, also thoughts Fed unlikely to be swayed by one data point. Futures pricing in ~37% chance of 50 bp rate cut in November.

  • Pre-open Company News:

    • TLX.AU -- Telix Pharmaceuticals doses first patient in phase II trial of TLX250-CDx for detection of recurrent kidney cancer after surgery

    • 540975.IN -- Aster DM Healthcare subsidiary Prerana Hospital signs definitive agreement to acquire 26% stake in Shri Sai Renew Venture Assets

    • 2695.JP -- Kura Sushi reports September same-store sales +5.9% y/y

    • ABCI Securities initiates 2330.TT, TSM

    • 532500.IN -- Maruti Suzuki India reports September total production (units) 159,743 vs year-ago 174,978

    • 1942.HK -- MOG Digitech Holdings completes 155.2M-share placement at HK$0.53/share

    • IONS -- New donidalorsen data to be presented at 2024 American College of Allergy, Asthma & Immunology (ACAAI) Annual Scientific Meeting

    • 540376.IN -- Avenue Supermarts reports Q2 prelim. standalone revenue from operations INR140.50B vs year-ago INR123.08B

    • 6158.HK -- Zhenro Properties Group reports September contracted sales CNY570M; StreetAccount notes year-ago was CNY1.09B

    • 500084.IN -- CESC Ltd to acquire 100% stake in Bhojraj Renewables Energy for INR1.09B in cash

    • 532720.IN -- Mahindra & Mahindra Financial Services reports Q2FY25 disbursement INR131.60B, (1%) y/y

    • 1341.HK -- Hao Tian International Construction Investment Group to place HK$610M share for EV investments and Malaysia land development

    • 4927.JP -- Pola Orbis Holdings releases 2023 Integrated Report

    • 500034.IN -- Bajaj Finance announces Customer franchise as of 30-Sep-24 stood at 92.09M as compared to 76.56M as of 30-Sep-23

  • On Deck:

    • Japan:

      • Earnings:

        • Sakata Seed (1377.JP), SAN-A CO. (2659.JP), DISCO Corp. (6146.JP), YASKAWA Electric (6506.JP), Hiday Hidaka (7611.JP), Arclands (9842.JP)

    • Australia:

      • Economic:

        • 11:30 AEST: Housing Finance SA M/M; consensus

    • Philippines:

      • Economic:

        • 09:00 SST: CPI Y/Y; consensus +2.7%

  • Market Data:

    • Gold (Dec 24): ($4.30) or (0.16%) to $2674.90

    • WTI Crude (Nov 24): +$0.14 or +0.19% to $73.85

    • $-¥: +0.41 or +0.28% to 146.8140

    • $-KRW: +9.21 or +0.70% to 1334.2800

    • A$-$: (0.00) or (0.57%) to 0.6846

    • $-INR: +0.08 or +0.10% to 84.0092

    • $-CNY: +0.01 or +0.09% to 7.0451

  • 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