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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.45%, Hang Seng Futures +0.90%, ASX SPI 200 +0.18%, S&P Futures +0.12%

Feb 12 ,2025

  • Synopsis:

    • Asian markets set for positive start to Thursday trade. Futures signaling opening gains in Japan and Hong Kong, while Australia little changed in initial trade. US contracts flat in postmarket trade after clawing back losses that followed hot US CPI data. Australian bonds under pressure, tracking earlier Treasury curve bear flattening. Dollar saw broad-based strength with yen down to one-week low. Crude extending overnight sell-off while gold flat. Bitcoin flat after rebounding from one-week low.

    • Hotter-than-expected US January CPI added to signs disinflation momentum has stalled with core holding above 3%. In response markets pushed out expected Fed rate cut to December from September. At his House testimony, Fed Chair Powell said data shows more work to do on inflation, necessitating need to keep policy settings restrictive. Data also comes at a time of heightened concerns upside risks to inflation from Trump tariffs with Powell reiterating there are uncertainties around impact of government policies.

    • Markets on watch for President Trump's announcement on reciprocal tariffs after he said order will come by Thursday. Still a lot of unknowns, including extent to which it raises effective US tariff rate and breath of industries it will impact. Some hope Trump will exempt major imports with House Speaker Johnson saying he believed president is weighing carve-outs for autos and pharmaceuticals (though recall Trump has also flagged product-specific tariffs on these and other items).

    • Asia viewed as particularly vulnerable to Trump's reciprocal tariffs, India among those with greatest tariff differentials with US. PM Modi set to meet with Trump at White House on Thursday where he is expected to lay out his case in pointing to recent efforts by India such as reduced import duties. However, White House Press Secretary Leavitt said reciprocal tariffs may come before Modi arrives. Sentiment remains downbeat on Indian markets with Nifty 500 down 3% week-to-date to lowest since Jun-2024.

  • Pre-open Company News:

    • 000963.CH -- NMPA accepts submission of Huadong Medicine's marketing application for ustekinumab injections for Crohn's disease

    • 2382.HK -- Sunny Optical Technology (Group) reports January optical handset lens set shipments 105.9M, +2.6% y/y

    • TRUE.TB -- True Corp. Public Co. upgraded to buy at UBS

    • 2382.HK -- Sunny Optical Technology (Group) guides FY net income attributable CNY2.64-2.75B vs FactSet CNY2.47B [17 est, CNY2.20-2.77B]

    • 500477.IN -- Ashok Leyland to invest up to £45M (INR5.00B), INR2.00B in Optare Plc, Hinduja Leyland Finance

    • 601155.CH -- Seazen Holdings reports January contracted sales CNY1.02B, (72.5%) y/y

    • 5285.MK -- SD Guthrie reports January production data

    • 337.HK -- Greenland Hong Kong Holdings reports January contracted sales CNY131M; StreetAccount notes year-ago figure was CNY824M

    • 531599.IN -- FDC Ltd reports Q3 consolidated EPS INR2.28 vs year-ago INR4.86

    • DCRU.SP -- Digital Core REIT reports FY distributable income to unitholders $46.0M vs FactSet $40.2M [4 est, $31.9-46.3M]

    • 533155.IN -- Jubilant FoodWorks reports Q3 standalone net income INR410.5M vs FactSet INR833.6M [19 est, INR536-1.05B]

  • 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

    • Hong Kong:

      • Earnings:

        • Hua Hong Semiconductor (1347.HK)

    • Japan:

      • Economic:

        • 08:50 JST: Domestic CGPI NSA Y/Y; consensus

      • Earnings:

        • Soracom (147A.JP), Sumitomo Forestry (1911.JP), Japan Tobacco (2914.JP), Skylark Holdings (3197.JP), NEXON Co. (3659.JP), Resonac Holdings (4004.JP), Mitsubishi Gas Chemical (4182.JP), Terumo (4543.JP), PeptiDream (4587.JP), Kubota (6326.JP), Sony (6758.JP), Nissan Motor (7201.JP), Honda Motor (7267.JP), Ricoh Co. (7752.JP), Kamigumi (9364.JP), INPEX Corp (1605.JP), Hazama Ando (1719.JP), HASEKO (1808.JP), Kumagai Gumi (1861.JP), Daiwa House Industry (1925.JP), Takasago Thermal Engineering (1969.JP), MIXI, Inc. (2121.JP), Ezaki Glico (2206.JP), MEGMILK SNOW BRAND (2270.JP), Takara Holdings (2531.JP), Coca-Cola Bottlers Japan Holdings (2579.JP), Suntory Beverage & Food (2587.JP), Pressance (3254.JP), Open House Group (3288.JP), RAKUS Co. (3923.JP), CHANGE Holdings (3962.JP), Nippon Soda Co. (4041.JP), Toagosei (4045.JP), Kaneka (4118.JP), Towa Pharmaceutical (4553.JP), en Japan (4849.JP), Lion Corp. (4912.JP), Takara Bio (4974.JP), Earth Corp (4985.JP), Sumitomo Osaka Cement (5232.JP), Mitsubishi Materials (5711.JP), Miura Co. (6005.JP), Yamabiko (6250.JP), FUKUSHIMA GALILEI CO. (6420.JP), HOSHIZAKI (6465.JP), KITZ Corp (6498.JP), Elecom (6750.JP), Horiba (6856.JP), Namura Shipbuilding (7014.JP), Kyushu Financial Group (7180.JP), Pan Pacific International Holdings (7532.JP), TOPPAN Holdings (7911.JP), Yamazen (8051.JP), Yuasa Trading (8074.JP), Iwatani (8088.JP), SAN-AI OBBLI (8097.JP), Unicharm (8113.JP), Marui Group (8252.JP), Starts (8850.JP), Relo Group (8876.JP), Tokyu Corp (9005.JP), Odakyu Electric Railway (9007.JP), Seibu Holdings (9024.JP), Nishi-Nippon Railroad (9031.JP), Nagoya Railroad (9048.JP), SENKO Group Holdings (9069.JP), Fukuyama Transporting (9075.JP), Fujita Kanko (9722.JP), TKC Corp (9746.JP), Fuji Soft (9749.JP), Trusco Nakayama (9830.JP)

    • South Korea:

      • Earnings:

        • Kakao (035720.KS), KT (030200.KS), Netmarble (251270.KS), Hanon Systems (018880.KS)

    • Australia:

      • Economic:

        • 11:00 AEST: Consumer Inflation Expectation; consensus

      • Earnings:

        • AMP (AMP.AU), Abacus Storage King REIT (ASK.AU), Cochlear (COH.AU), Charter Hall Retail REIT (CQR.AU), GQG Partners (GQG.AU), HealthCo Healthcare & Wellness REIT (HCW.AU), LGI LTD (LGI.AU), Mirvac (MGR.AU)

    • New Zealand:

      • Economic:

        • 15:00 NZST: Inflation Expectations Y/Y; consensus

    • India:

      • Earnings:

        • Grindwell Norton (506076.IN), Deepak Nitrite (506401.IN), MMTC Ltd (513377.IN), Ipca Laboratories (524494.IN), Allcargo Logistics (532749.IN), Hindalco Industries (500440.IN), Carborundum Universal (513375.IN), Kalpataru Projects International (522287.IN), United Breweries (532478.IN), KNR Constructions (532942.IN), Titagarh Rail Systems (532966.IN), SJVN Ltd (533206.IN), Gujarat Pipavav Port (533248.IN), Anupam Rasayan India (543275.IN), Concord Biotech (543960.IN)

    • Taiwan:

      • Earnings:

        • Macronix International (2337.TT), ASE Technology Holding (3711.TT)

  • Market Data:

    • Gold (Apr 25): ($1.10) or (0.04%) to $2927.60

    • WTI Crude (Mar 25): ($0.11) or (0.15%) to $71.26

    • $-¥: +1.91 or +1.25% to 154.4040

    • $-KRW: (0.83) or (0.06%) to 1452.0300

    • A$-$: (0.00) or (0.24%) to 0.6279

    • $-INR: +0.19 or +0.22% to 86.9816

    • $-CNY: +0.00 or +0.01% to 7.3081

  • 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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