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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.88%, Hang Seng Futures +0.60%, ASX SPI 200 +0.44%, S&P Futures (0.31%)

Feb 04 ,2025

  • Synopsis:

    • Asia equities poised to open higher Wednesday. Futures in Japan, Hong Kong and Australia traded firmer. Golden Dragon China index rebounded 2.65%, Japan ADRs skewed to the upside. US contracts retreating after a firmer cash session ended near best levels, largely erasing Monday's losses. Tech leads positive after all Mag 7 posted gains, broader big tech mostly higher, and SOX index up 1.05%. Treasuries were firmer with curve steepening after the bearish flattening move on Monday. Dollar was weaker across the board; loonie higher, Mexican peso lower. Gold was up 0.7%, ended at a fresh record close. Bitcoin futures were down 2.5%. WTI crude settled down 0.6%, but off worst levels on Trump reinstating "maximum pressure" policy on Iran.

    • Markets overnight followed Asia momentum yesterday after the tariff postponement for Mexico and Canada. Rapid turnaround reinforced the idea that President Trump is using tariffs as a negotiating tool and may prove temporary. Meanwhile, China's tariff response was viewed as symbolic, also reaffirming views that Beijing is seeking a deal. But situation remains fluid. Scheduled phone conference between Trump and Xi did not happen Tuesday. White House indicated they would speak in the next couple of days, though Trump said he is in no hurry while shrugging off Beijing's reciprocal tariffs. China tariffs take effect Monday, providing some time for dialogue to start.

    • Other regional developments in the backburner amid heightened focus on tariff developments. Japan PM Ishiba heading to Washington Thursday for talks with Trump, though no clear expectations. Attention otherwise on corporate earnings, so far tracking positive overall, though latest post-close results were somewhat mixed. On macro, Japan wages notably beat on the back of large bonuses. South Korea CPI inflation returned to the 2% range for the first time since August. New Zealand Q4 jobless rate was steady as expected. China Caixin services PMI projected to remain steady, reaffirming relative strength over manufacturing sector.

  • Pre-open Company News:

    • 500875.IN -- StreetAccount Consensus Metrics Preview - ITC Ltd Q3 Earnings

    • 500112.IN -- StreetAccount Consensus Metrics Preview - State Bank of India Q3 Earnings

    • 500251.IN -- StreetAccount Consensus Metrics Preview - Trent Ltd Q3 Earnings

    • 532454.IN -- StreetAccount Consensus Metrics Preview - Bharti Airtel Q3 Earnings

    • 534597.IN -- RattanIndia Enterprises reports Q3 consolidated EPS (INR1.23) vs year-ago INR1.36

    • 9749.JP -- KKR confirms it has raised offer for Fuji Soft to ¥9,850/share from ¥9,451/share

    • 500411.IN -- Thermax reports Q3 consolidated EPS INR10.29 vs year-ago INR21.17

    • 450080.KS -- ECOPRO Materials reports FY operating profit (KRW63.00B) vs year-ago KRW8.77B

    • 600369.CH -- Southwest Securities terminates disposal of entire stake in Southwest Securities International Securities

    • 2397.JP -- Mitsui Chemicals to make tender offer to acquire DNA Chip Research at ¥1,100/share

    • 500400.IN -- Tata Power Co. reports Q3 consolidated EPS (net of def bal) INR3.22 vs year-ago INR2.98

    • PHIL.IM -- Philogen Completes Patient Enrollment of the Phase III FIBROSARC Trial in Soft Tissue Sarcoma

    • 540750.IN -- Indian Energy Exchange reports January electricity traded volume 10,910 MU, +16% y/y

    • 543654.IN -- Global Health Ltd. (India) reports Q3 consolidated net income attributable INR1.43B vs FactSet INR1.28B [10 est, INR1.17-1.40B]

  • On Deck:

    • China:

      • Economic:

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

    • Japan:

      • Earnings:

        • Ube (4208.JP), Fuji Media Holdings (4676.JP), Minebea Mitsumi (6479.JP), GS Yuasa (6674.JP), Toyota Motor (7203.JP), BANDAI NAMCO Holdings (7832.JP), Ricoh Leasing (8566.JP), Nomura Holdings (8604.JP), KDDI Corp (9433.JP), Kikkoman (2801.JP), Nissin Foods Holdings (2897.JP), Asahi Kasei (3407.JP), Nippon Sanso Holdings (4091.JP), Daicel (4202.JP), JMDC Inc (4483.JP), KYORIN Pharmaceutical (4569.JP), Taiyo Holdings (4626.JP), Noevir Holdings (4928.JP), Nippon Electric Glass (5214.JP), Noritake (5331.JP), Nippon Yakin Kogyo Co. (5480.JP), OSAKA Titanium Technologies (5726.JP), Okuma Corp (6103.JP), DMG MORI (6141.JP), DAIKIN INDUSTRIES (6367.JP), Organo (6368.JP), MCJ Co. (6670.JP), Nihon Kohden (6849.JP), Kanadevia (7004.JP), Zenkoku Hosho (7164.JP), Concordia Financial Group (7186.JP), NOK Corp (7240.JP), F.C.C. (7296.JP), Shimadzu (7701.JP), Paramount Bed Holdings (7817.JP), Yamaha (7951.JP), Marubeni (8002.JP), H2O Retailing (8242.JP), Fukuoka Financial Group (8354.JP), Fuyo General Lease (8424.JP), Mizuho Leasing (8425.JP), Tobu Railway (9001.JP), Fuji Kyuko (9010.JP), AZ-COM Maruwa Holdings (9090.JP), Nippon Yusen (9101.JP), Sumitomo Warehouse (9303.JP), SKY Perfect JSAT Holdings (9412.JP), Japan Airport Terminal (9706.JP)

    • South Korea:

      • Economic:

        • 08:00 KST: CPI NSA Y/Y; consensus +2.1%

        • 08:00 KST: CPI M/M; consensus +1.3%

      • Earnings:

        • KIWOOM Securities (039490.KS), KakaoBank (323410.KS), Taihan Electric Wire (001440.KS), Samsung Heavy Industries Co. (010140.KS), KB Financial (105560.KS), Korea Zinc Co. (010130.KS), SK Innovation (096770.KS), PI Advanced Materials (178920.KS), SK Biopharmaceuticals Co. (326030.KS)

    • Australia:

      • Earnings:

        • Centuria Office REIT (COF.AU), Beach Energy (BPT.AU), REA Group (REA.AU)

    • India:

      • Earnings:

        • Abbott India (500488.IN), Zydus Lifesciences (532321.IN), Kansai Nerolac Paints (500165.IN), Cummins India (500480.IN), CCL Products (India) (519600.IN), Timken India (522113.IN), Solar Industries India (532725.IN), Redington (532805.IN), Gujarat Gas (539336.IN), Data Patterns (India) (543428.IN)

    • Indonesia:

      • Economic:

        • 11:00 SAST: GDP NSA Y/Y; consensus +5%

    • Singapore:

      • Earnings:

        • Keppel (BN4.SP), CapitaLand Integrated Commercial Trust (C38U.SP), Singapore Exchange (S68.SP), Parkway Life REIT (C2PU.SP)

    • Thailand:

      • Economic:

        • 07:00 SAST: CPI NSA Y/Y; consensus +1.2%

    • Philippines:

      • Economic:

        • 09:00 SST: CPI Y/Y; consensus +2.8%

  • Market Data:

    • Gold (Apr 25): ($3.70) or (0.13%) to $2872.10

    • WTI Crude (Mar 25): ($0.04) or (0.06%) to $72.66

    • $-¥: (0.50) or (0.32%) to 154.2650

    • $-KRW: (7.46) or (0.51%) to 1450.8100

    • A$-$: +0.00 or +0.54% to 0.6253

    • $-INR: +0.17 or +0.19% to 87.0800

    • $-CNY: (0.01) or (0.19%) to 7.1830

  • 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:
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