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StreetAccount Summary - Asian Market Preview: Nikkei Futures (1.08%), Hang Seng Futures +0.80%, ASX SPI 200 (0.12%), S&P Futures (0.02%)

Jan 27 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Tuesday trade. Futures signaling opening decline in Japan while Hang Seng futures higher and ASX flat. S&P 500 and Nasdaq futures flat following Monday's AI sell-off (SOX closed down 9%). Australian and New Zealand bonds rallying following Treasury bull flattening. Dollar seeing across-the-board gains. Gold and crude nursing overnight losses. Bitcoin flat after reclaiming $100K.

    • DeepSeek hype the big talking point following AI-led sell-off that saw NVDA log biggest drop since Mar-2020. Selling extended beyond AI with energy and utilities under pressure amid thoughts AI power needs overblown. Development heightened scrutiny on US capex ramp, AI leadership, and questions around effectiveness of China export curbs that could lead to tighter US restrictions. However, there was some skepticism about DeepSeek's cost claims and app's capabilities, while there were also mentions of overbought conditions and growing concentration risk.

    • Limited market fallout after Trump threatened tariffs on Colombia before holding off after Colombia's government bent to his demands on accepting migrant deportation flights. Situation reinforced unpredictability surrounding Trump's propensity to wield tariffs to advance his goals. While last week's tariff developments helped ease concerns about immediate action, recent press reports suggest momentum is growing for tariffs on Canada and Mexico as soon as 1-Feb. Also unclear is how Trump will act on China with his recent tariff rhetoric veering between benign and hawkish.

  • Pre-open Company News:

    • 532977.IN -- StreetAccount Consensus Metrics Preview - Bajaj Auto Q3 Earnings

    • 500087.IN -- StreetAccount Consensus Metrics Preview - Cipla Ltd Q3 Earnings

    • 500103.IN -- StreetAccount Consensus Metrics Preview - Bharat Heavy Electricals Q3 Earnings

    • 500410.IN -- ACC Ltd reports Q3 standalone profit after tax INR10.89B, +106% vs year-ago INR5.27B

    • 532483.IN -- Follow-up: Canara Bank reports Q3 net interest income INR91.49B vs FactSet INR95.45B

    • 540902.IN -- Amber Enterprises India upgraded to add from neutral at YES Securities

    • 500470.IN -- StreetAccount Consensus Metrics Preview - Tata Steel Q3 Earnings

    • 297.HK -- Sinofert Holdings guides FY net income attributable CNY1.01-1.11B vs FactSet CNY1.06B [1 est]

    • 540902.IN -- Amber Enterprises India initiated buy at Phillip Capital

    • 601615.CH -- Ming Yang Smart Energy Group initiated buy at Huatai Securities

    • KCE.TB -- KCE Electronics Public Co. upgraded to hold from reduce at CGS International

    • CPH.TB -- Castle Peak Holdings Public Co. upgraded to buy from hold at DBS Group

    • 502355.IN -- Balkrishna Industries upgraded to buy from sell at Asian Markets Securities

    • 542066.IN -- Adani Total Gas reports Q3 standalone EPS INR1.30 vs year-ago INR1.57

    • 539448.IN -- InterGlobe Aviation upgraded to buy from accumulate at Prabhudas Lilladher

  • On Deck:

    • China:

      • Economic:

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

    • Japan:

      • Earnings:

        • Nisshin Seifun Group (2002.JP), Nippon Gas Co Ltd (8174.JP)

    • Australia:

      • Economic:

        • 11:30 AEST: NAB Business Confidence; consensus

      • Earnings:

        • Burgundy Diamond Mines (BDM.AU), Bathurst Resources (BRL.AU), Dropsuite (DSE.AU)

    • India:

      • Earnings:

        • Exide Industries (500086.IN), Bharat Heavy Electricals (500103.IN), Colgate-Palmolive (India) (500830.IN), Suzlon Energy (532667.IN), Bajaj Auto (532977.IN), JSW Energy (533148.IN), V.I.P. Industries (507880.IN), Lloyds Metals & Energy (512455.IN), JM Financial (523405.IN), GMR Airports (532754.IN), Motilal Oswal Financial Services (532892.IN), V-Guard Industries (532953.IN), Mahanagar Gas (539957.IN), RITES Ltd (541556.IN), UTI Asset Management (543238.IN), Home First Finance Company India (543259.IN), Shyam Metalics & Energy (543299.IN), Star Health & Allied Insurance (543412.IN), C.E. Info Systems (543425.IN), Syrma SGS Technology (543573.IN), Piramal Pharma (543635.IN), RR Kabel (543981.IN)

    • Singapore:

      • Earnings:

        • AIMS APAC REIT (O5RU.SP)

  • Market Data:

    • Gold (Feb 25): +$7.30 or +0.27% to $2745.70

    • WTI Crude (Mar 25): ($0.04) or (0.05%) to $73.13

    • $-¥: (1.11) or (0.71%) to 154.9030

    • $-KRW: +2.59 or +0.18% to 1432.1200

    • A$-$: (0.01) or (0.86%) to 0.6257

    • $-INR: +0.28 or +0.32% to 86.4680

    • $-CNY: +0.01 or +0.08% to 7.2502

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