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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.96%, Hang Seng Futures +1.26%, ASX SPI 200 +0.23%, S&P Futures (0.21%)

Jan 19 ,2025

  • Synopsis:

    • Asian markets set for positive start to Monday trade. Futures signaling opening gains in Japan and Hong Kong. ASX higher in initial trade. S&P 500 futures weakening after US markets capped off solid weekly gains on Friday (US markets closed Monday for MLK Jr holiday). Australian and New Zealand bonds tracking Treasury curve bear flattening on Friday. FX markets steady with yen near one-month high against dollar. Crude seeing minor gain while gold pulling back following last week's advance. Bitcoin retreating after staging 11% rally last week.

    • Sentiment aided by pullback in bond yields following softer US core CPI that led to dovish repricing of the rate path. At same time, caution surrounds Trump 2.0 policy, particularly tariffs. Around Asia, signs of China economic stabilization helped lift underperforming equities. FX markets characterized by yen strength as BOJ rate hike expectations firm. Also some attention to Asian policy divergence as policymakers balance growth considerations against FX stability.

    • BOJ meeting headlines this week's economic calendar with rate hike the consensus barring no Trump surprises. Trump to be sworn in as President on Monday with focus on flurry of executive orders he is expected to sign immediately. China LPR decision Monday as rate cut speculation persists following government's shift to looser policy stance. Japan CPI and trade, New Zealand Q4 CPI, flash PMIs and South Korea Q4 GDP among other notable data points.

    • In other developments, TikTok US back online after Trump said he will sign executive order delaying sale deadline, proposing US owns 50% of the app. South Korea court approved fresh arrest warrant for President Yoon allowing investigators to extend his custody. Trump and Xi held 'upbeat' call Friday on topics including trade, Taiwan and TikTok, while WSJ reported Trump expressed interest in visiting China in his first 100 days.

  • Pre-open Company News:

    • 2330.TT -- Street Takeaways - Taiwan Semiconductor Q4 earnings

    • 004020.KS -- StreetAccount Consensus Metrics Preview - Hyundai Steel Q4 Earnings

    • 028260.KS -- StreetAccount Consensus Metrics Preview - Samsung C&T Q4 Earnings

    • 002739.CH -- Wanda Film Holding guides FY net income attributable (CNY850-950M) vs year-ago CNY912.2M

    • 600018.CH -- Shanghai International Port (Group) reports preliminary FY net income attributable CNY14.60B vs FactSet CNY15.52B [2 est, CNY14.98-16.06B]

    • 600219.CH -- Shandong Nanshan Aluminum guides FY net income attributable CNY4.52-4.86B vs FactSet CNY4.90B [5 est, CNY4.47-5.65B]

    • 511196.IN -- Can Fin Homes reports Q3 NPAT INR2.12B vs FactSet INR2.17B

    • 532892.IN -- Motilal Oswal Financial Services's unit Motilal Oswal Asset Management denies rumors circulating on social media

    • 9880.HK -- UBTECH Robotics to buy up to CNY200M shares on market under share incentive plan

    • 018260.KS -- StreetAccount Consensus Metrics Preview - SAMSUNG SDS CO. Q4 Earnings

    • 012330.KS -- StreetAccount Consensus Metrics Preview - Hyundai Mobis Q4 Earnings

    • 006400.KS -- StreetAccount Consensus Metrics Preview - Samsung SDI Q4 Earnings

    • 009150.KS -- StreetAccount Consensus Metrics Preview - Samsung Electro-Mechanics Co. Q4 Earnings

    • 003670.KS -- StreetAccount Consensus Metrics Preview - POSCO Future M Co. Q4 Earnings

  • On Deck:

    • China:

      • Economic:

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

        • 09:30 CST: 1 Year Loan Prime Rate; consensus

    • Japan:

      • Economic:

        • 08:50 JST: Core Machinery Orders ex-Electric Power Companies & Ships SA M/M; consensus (0.5%)

        • 13:30 JST: Industrial Production SA M/M (Final); consensus (3.5%)

    • India:

      • Earnings:

        • Mangalore Refinery & Petrochemicals (500109.IN), IDBI Bank (500116.IN), Dixon Technologies (540699.IN), ICICI Securities (541179.IN), One 97 Communications (Paytm) (543396.IN), Sunteck Realty (512179.IN), Jammu & Kashmir Bank (532209.IN), Oberoi Realty (533273.IN), L&T Finance (533519.IN), Multi Commodity Exchange of India (534091.IN), Indian Railway Finance (543257.IN)

    • Thailand:

      • Earnings:

        • TMBThanachart Bank Public Co. (TTB.TB)

  • Market Data:

    • Gold (Feb 25): ($15.80) or (0.57%) to $2732.90

    • WTI Crude (Feb 25): +$0.32 or +0.41% to $78.20

    • $-¥: +0.04 or +0.03% to 156.3500

    • $-KRW: (1.12) or (0.08%) to 1457.4400

    • A$-$: +0.00 or +0.01% to 0.6193

    • $-INR: +0.01 or +0.01% to 86.5892

    • $-CNY: (0.00) or (0.02%) to 7.3242

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

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