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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.81%, Hang Seng Futures +1.04%, ASX SPI 200 (0.06%), S&P Futures +0.01%

Feb 11 ,2025

  • Synopsis:

    • Asian markets set for positive start to Wednesday trade. Futures signaling opening gains in Japan and Hong Kong. ASX flat in initial trade. US contracts unchanged following directionless Tuesday session. Australian bond yields higher following earlier Treasury curve bear steepening. FX markets steady after dollar index pulled back from one-week high. Crude off overnight highs while gold remains flat. Bitcoin unchanged after retreating to one-week low.

    • Nothing incremental from Fed Chair Powell's testimony before Senate Banking Committee, where he hewed closely to Fed's stance on not being in a hurry to cut interest rates amid elevated inflation. Powell also repeated too soon to consider impact of tariffs. Speaking separately, NY Fed President Williams and Cleveland Fed President also stressed patience mantra amid economic uncertainties and argued more time needed to assess impact of policies.

    • Markets awaiting US January CPI on Wednesday amid consensus forecast for core inflation to have nudged down on a y/y basis. Follows dovish December CPI data that led markets back to pricing in two rate cuts in 2025. However, recent survey-based measures showed mixed picture on inflation expectations. Moreover, January's print comes amid concerns disinflation momentum is stalling just as tariffs threaten to put more upward pressure on goods prices.

    • In corporate developments, SMIC (981.HK) Q4 net profit declined by more than expected though revenue just ahead. Company had already flagged softer orders in Q4 and stock is up 42% ytd to record high amid DeepSeek-related AI momentum. The Information reported AAPL partnering with Alibaba (9988.HK) to develop AI features for China iPhones. CATL filed for Hong Kong listing, making it city's biggest IPO in four years. DeepSeek facing fresh regulatory scrutiny in Europe amid growing concerns over data protection.

  • Pre-open Company News:

    • 551.HK -- Yue Yuen Industrial (Holdings) guides FY net income attributable +55-60% vs prior year's $274.7M, implying $425.8-439.5M vs FactSet $427.3M

    • 543523.IN -- Campus Activewear reports Q3 profit after tax INR464.7M vs FactSet INR435.9M [7 est, INR277-522M]

    • 542907.IN -- Prince Pipes & Fittings reports Q3 EPS (INR1.85) vs year-ago INR3.40

    • 688472.CH -- CSI Solar face CNY1.06B patent lawsuit from Trina Solar

    • W05.SP -- Wing Tai Holdings reports H1 net income attributable SG$10.1M vs year-ago SG$20.5M

    • 981.HK -- SMIC reports Q4 net income attributable $107.6M vs FactSet $202.0M [9 est, $145-275.7M]

    • Hong Kong stock connect daily turnover

    • 500459.IN -- Procter & Gamble Hygiene & Health Care reports Q2 EPS INR82.74 vs year-ago INR70.51

    • 916.HK -- China Longyuan Power Group reports January power generation 6,392 GWh, (8.6%) y/y

    • 532714.IN -- KEC International upgraded to buy from hold at Indsec Securities & Finance

    • 540180.IN -- Varun Beverages downgraded to accumulate from buy at Elara Capital

    • 1999.HK -- Insider Transaction: Man Wah Holdings chair Wong Man Li discloses purchase of 3.0M shares

    • S68.SP -- Singapore Exchange Jan total market turnover SG$20.84B vs year-ago SG$20.56B

    • 500940.IN -- Finolex Industries downgraded to sell from reduce at YES Securities

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: M2 NSA Y/Y; consensus

        • 08:00 CST: Loan Growth Y/Y; consensus

        • 08:00 CST: New Yuan Loans; consensus

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

    • Japan:

      • Earnings:

        • Kajima (1812.JP), Hakuhodo DY Holdings (2433.JP), Toray Industries (3402.JP), GMO Payment Gateway (3769.JP), Idemitsu Kosan Co. (5019.JP), Sumitomo Metal Mining (5713.JP), Recruit (6098.JP), PHC Holdings (6523.JP), ULVAC, Inc. (6728.JP), Sysmex (6869.JP), Citizen Watch (7762.JP), GMO Internet Group (9449.JP), SoftBank Group (9984.JP), Japan Petroleum Exploration (1662.JP), Nishimatsu Construction Co. (1820.JP), Okumura (1833.JP), Toda Corp. (1860.JP), JGC Holdings (1963.JP), UT Group (2146.JP), Morinaga Milk Industry (2264.JP), EDION Corp (2730.JP), Unitika (3103.JP), Nisshinbo Holdings (3105.JP), Kuraray (3405.JP), Nihon Parkerizing (4095.JP), TOKYO OHKA KOGYO (4186.JP), Adeka Corp. (4401.JP), NOF Corp (4403.JP), Rohto Pharmaceutical Co. (4527.JP), DIC (4631.JP), Dentsu Soken (4812.JP), KOSE Corp (4922.JP), Dexerials (4980.JP), INFRONEER Holdings (5076.JP), Taiheiyo Cement (5233.JP), Tokai Carbon (5301.JP), The Japan Steel Works (5631.JP), Mitsui Mining & Smelting (5706.JP), DOWA HOLDINGS (5714.JP), UACJ Corp (5741.JP), Furukawa Electric Co. (5801.JP), Shizuoka Financial Group (5831.JP), Rakuten Bank (5838.JP), Rinnai (5947.JP), NHK Spring (5991.JP), Japan Material (6055.JP), Nabtesco (6268.JP), Shibuya (6340.JP), THK CO. (6481.JP), Japan Elevator Service Holdings (6544.JP), JEOL Ltd (6951.JP), MITSUI E&S (7003.JP), Tachi-S (7239.JP), KYB Corp (7242.JP), Yamaha Motor (7272.JP), Shimano (7309.JP), Daiichikosho (7458.JP), Zensho Holdings (7550.JP), VT Holdings (7593.JP), Nakanishi (7716.JP), Star Micronics (7718.JP), Riken Keiki (7734.JP), Fuji Seal International (7864.JP), Tomy Co. (7867.JP), Seiko Group (8050.JP), Monex Group (8698.JP), Tokyo Tatemono (8804.JP), Keikyu (9006.JP), Seino Holdings (9076.JP), Hikari Tsushin (9435.JP), eREX Co. (9517.JP), DTS Corp (9682.JP), SECOM Co. (9735.JP), Nitori Holdings (9843.JP), Valor Holdings (9956.JP), Suzuken (9987.JP)

    • South Korea:

      • Earnings:

        • SK Telecom (017670.KS), DoubleUGames (192080.KS), Kakao (035720.KS)

    • Australia:

      • Earnings:

        • Region Group (RGN.AU), Alliance Aviation Services (AQZ.AU), ASX (ASX.AU), Domain Holdings Australia (DHG.AU), Downer EDI (DOW.AU), HomeCo Daily Needs REIT (HDN.AU), Northern Star Resources (NST.AU), Origin Energy (ORG.AU), Pro Medicus (PME.AU), Temple & Webster Group (TPW.AU), Treasury Wine Estates (TWE.AU), Viva Leisure (VVA.AU)

    • India:

      • Earnings:

        • Finolex Cables (500144.IN), Godrej Industries (500164.IN), SKF India (500472.IN), Ashok Leyland (500477.IN), Bharat Forge (500493.IN), Siemens (500550.IN), Graphite India (509488.IN), Ratnamani Metals & Tubes (520111.IN), Rashtriya Chemicals & Fertilizers (524230.IN), Balaji Amines (530999.IN), FDC Ltd (531599.IN), Godawari Power & Ispat (532734.IN), Hindustan Aeronautics (541154.IN), The Bombay Burmah Trading (501425.IN), NATCO Pharma (524816.IN), IIFL Finance (532636.IN), Endurance Technologies (540153.IN)

    • Singapore:

      • Earnings:

        • Far East Hospitality Trust (Q5T.SP), iFAST Corp. (AIY.SP), Digital Core REIT (DCRU.SP)

    • Taiwan:

      • Earnings:

        • Novatek Microelectronics (3034.TT)

  • Market Data:

    • Gold (Apr 25): ($5.40) or (0.18%) to $2927.20

    • WTI Crude (Mar 25): ($0.18) or (0.25%) to $73.14

    • $-¥: +0.72 or +0.47% to 152.7090

    • $-KRW: (0.80) or (0.06%) to 1450.7500

    • A$-$: +0.00 or +0.27% to 0.6295

    • $-INR: (0.65) or (0.75%) to 86.8215

    • $-CNY: +0.00 or +0.02% to 7.3067

  • 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