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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.08%, Hang Seng Futures +0.37%, ASX SPI 200 +0.54%, S&P Futures (0.07%)

Jan 23 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Friday trade. Futures signaling opening gains in Hong Kong while Japan tracking for flat start. ASX firming in initial trade. S&P 500 futures unchanged afterhours following quiet Thursday session. Australian bonds back under pressure after Treasury curve bear steepened. FX markets steady with focus on yen ahead of BOJ. Crude extending overnight declines after Trump demanded OPEC+ lower oil prices. Gold flat. Bitcoin nudging higher.

    • BOJ expected to hike interest rates by 25 bp at Friday's meeting with officials seen to have formed a more positive view on inflation and wage trajectory. Absence of market volatility following Trump's inauguration also seen to have paved way for a rate hike. With markets having already priced in rate hike, focus is increasingly on Governor Ueda's press conference and any remarks surrounding rate path. Ahead of the meeting, Japan core inflation rose to in-line 3%.

    • Markets have digested flurry of Trump headlines following Monday's inauguration with most of the focus on tariffs. Trump didn't add much to the debate at his Davos appearance, repeating threats to impose them on countries if companies did not invest in US while again taking aim at America's trade deficits. Trump has mused about imposing tariffs as soon as 1-Feb, though also thoughts tariff threat being wielded to extract concessions from target countries.

  • Pre-open Company News:

    • 012330.KS -- Hyundai Mobis reports FY operating profit KRW3.073T vs StreetAccount KRW2.867T

    • 543322.IN -- Alivus Life Sciences reports Q3 EPS INR11.14 vs year-ago INR9.67

    • 3443.TT -- Global Unichip declares FY cash dividend NT$16.00/share

    • 600588.CH -- Yonyou Network Technology guides FY net income attributable (CNY1.72-1.92B) vs FactSet (CNY700.5M) [14 est, (CNY1.47B)-356.8M]

    • 600183.CH -- Shengyi Technology guides FY net income attributable CNY1.70-1.80B vs FactSet CNY1.87B [12 est, CNY1.79-2.08B]

    • 601600.CH -- Aluminum Corp. of China guides FY net income attributable CNY12.0-13.0B vs FactSet CNY12.16B [13 est, CNY10.65-14.05B]

    • 600436.CH -- Zhangzhou Pientzehuang Pharmaceutical reports preliminary FY net income attributable CNY2.97B vs FactSet CNY3.15B [13 est, CNY3.07-3.30B]

    • 2419.HK -- Dekon Food & Agriculture Group guides FY profit before biological assets fair value adjustments CNY3.10-3.30B vs FactSet CNY3.24B [1 est]

    • 000876.CH -- New Hope Liuhe guides FY net income attributable CNY450.0-550.0M vs year-ago CNY249.2M

    • 600276.CH -- NMPA accepts submission of Hengrui Pharmaceuticals's marketing application for insulin sulphate for type 2 diabetes in adults

    • T82U.SP -- Suntec Real Estate Investment Trust reports FY distributable income SG$180.9M, (12.5%) vs year-ago SG$206.8M

    • 2777.HK -- Creditors holding 48% of three Guangzhou R&F dollar bonds have acceded into restructuring support agreement

    • N2IU.SP -- Mapletree Pan Asia Commercial Trust reports Q3 amount available for distribution SG$104.7M vs year-ago SG$115.3M

  • On Deck:

    • China:

      • Economic:

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

    • Hong Kong:

      • Earnings:

        • MMG Ltd (1208.HK), Hang Lung Group (10.HK), Hang Lung Properties (101.HK)

    • Japan:

      • Economic:

        • 08:30 JST: CPI Core National Y/Y; consensus

        • 08:30 JST: CPI National Y/Y; consensus +3.4%

        • 08:30 JST: CPI ex-Fresh Food and Energy; consensus +2.3%

        • 12:00 JST: Japan Policy Rate; consensus +0.3%

      • Earnings:

        • OBIC Co. (4684.JP), OBIC Business Consultants (4733.JP), Tokyo Steel Manufacturing (5423.JP)

    • South Korea:

      • Earnings:

        • Kia Corp. (000270.KS), Hyundai WIA (011210.KS), LG Energy Solution (373220.KS), Hanwha Ocean (042660.KS)

    • Australia:

      • Earnings:

        • Mineral Resources (MIN.AU)

    • New Zealand:

      • Earnings:

        • Manawa Energy (MNW.NZ)

    • India:

      • Earnings:

        • Atul Ltd (500027.IN), JSW Steel (500228.IN), Torrent Pharmaceuticals (500420.IN), Trident (521064.IN), Granules India (532482.IN), InterGlobe Aviation (539448.IN), CreditAccess Grameen (541770.IN), Mindspace Business Parks REIT (543217.IN), Jindal SAW (500378.IN), Alkyl Amines Chemicals (506767.IN), DLF Ltd (532868.IN)

    • Singapore:

      • Earnings:

        • Keppel DC REIT (AJBU.SP), ESR-REIT (J91U.SP)

    • Taiwan:

      • Economic:

        • 16:00 TST: GDP NSA Y/Y (Preliminary); consensus +2%

    • Philippines:

      • Economic:

        • 10:05 SST: GDP NSA Y/Y; consensus +5.3%

  • Market Data:

    • Gold (Feb 25): ($3.00) or (0.11%) to $2762.00

    • WTI Crude (Mar 25): ($0.34) or (0.46%) to $74.28

    • $-¥: (0.41) or (0.26%) to 156.0890

    • $-KRW: (5.92) or (0.41%) to 1431.3500

    • A$-$: +0.00 or +0.11% to 0.6281

    • $-INR: (0.03) or (0.03%) to 86.4402

    • $-CNY: +0.01 or +0.20% to 7.2862

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