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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.75%), Hang Seng Futures +0.62%, ASX SPI 200 (0.39%), S&P Futures +0.23%

Feb 25 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Wednesday trade. Futures signaling opening declines in Japan while Hang Seng futures tracking higher following consecutive declines. ASX lower in initial trade. US contracts gaining following a tech-led retreat on Tuesday. Australian bonds strengthening following earlier Treasury curve bull flattening. FX markets steady after yen neared Oct-2024 high against dollar. Copper rallying following latest Trump tariff threat. Crude and gold hovering near overnight lows. Bitcoin sold off to lowest since Nov-2024.

    • US growth concerns in focus after consumer confidence fell by most since Aug-2021 to eight month low, with tariffs a key factor as inflation expectations surged. Figures played into Trump 2.0 policy uncertainty that is weighing on sentiment. AI capex bubble concerns, TSLA selloff on European sales slowdown, and Trump administration's latest actions targeting China's chip industry among other talking points.

    • Markets continue to grapple with trade-related uncertainty following latest tariff developments. On Tuesday President Trump signed executive order directing Commerce Department to probe national security implications of copper imports, potentially paving way for tariffs. Order separate to 25% tariffs on steel and aluminum set to take effect mid-March. At same tine US seemingly ramping up action against China, including tightening restrictions on chip exports.

    • Australia January CPI forecast to show third straight increase in monthly inflation to around RBA's 2.5% target midpoint. Greater focus will be on core measure given energy subsidy distortion. Component-level data will also be scrutinized after RBA Governor Bullock emphasized importance of continued services disinflation. Consensus remains for RBA to cut again in May though board is cautious about prospects of further easing amid concerns strong economy and labor market will delay disinflation process.

  • Pre-open Company News:

    • 180640.KS -- HANJIN KAL declares year-end DPS KRW360; StreetAccount notes the year-ago DPS was KRW300

    • 137310.KS -- SD Biosensor reports FY operating profit (KRW55.96B) vs year-ago (KRW248.08B)

    • 6446.TT -- PharmaEssentia reports FY EPS NT$8.96 vs FactSet NT$7.42 [3 est, NT$5.46-8.72]

    • 6446.TT -- PharmaEssentia declares FY cash dividend NT$1.10/share; StreetAccount notes the year-ago dividend was nil

    • 3037.TT -- Unimicron Technology reports FY EPS NT$3.34 vs FactSet NT$4.60 [19 est, NT$3.90-5.75]

    • 2688.HK -- ENN Energy Holdings president Liu Jianfeng resigns, effective immediately

    • 3037.TT -- Unimicron Technology declares FY cash dividend NT$1.50/share; StreetAccount notes the year-ago dividend NT$3.00/share

    • 601669.CH -- Power Construction Corporation of China reports January new contract value CNY105.12B, +1.6% y/y

    • 813.HK -- Winding-up petition against Shimao Group Holdings withdrawn by consent

    • 8AZ.SP -- Aztech Global reports FY net profit SG$70.5M vs FactSet SG$70.2M [4 est, SG$68.4-71.6M]

    • 1686.HK -- SUNeVision Holdings reports H1 net income attributable HK$484.0M, +11% vs year-ago HK$435.4M

    • 2886.TT -- Mega Financial Holding reports FY EPS NT$2.35 vs FactSet NT$2.38 [10 est, NT$2.34-2.51]

    • 543245.IN -- FDA concludes pre-approval inspection at Gland Pharma's Sterile APIs JNPC facility with three observations

    • MVIR.SS -- Medivir's partner Infex Therapeutics signs a license agreement for the clinical development of MET-X in India

  • On Deck:

    • Hong Kong:

      • Earnings:

        • Budweiser Brewing Co. APAC (1876.HK), ASMPT (522.HK), SmarTone Telecommunications Holdings (315.HK), JNBY Design (3306.HK), CTF Services (659.HK), Sino Land (83.HK)

    • Japan:

      • Economic:

        • 14:00 JST: Leading Index (Final); consensus

    • Australia:

      • Earnings:

        • Genetic Signatures (GSS.AU), Regal Partners (RPL.AU), Starpharma Holdings (SPL.AU), ClearView Wealth (CVW.AU), Dicker Data (DDR.AU), McMillan Shakespeare (MMS.AU), Omni Bridgeway (OBL.AU), Ramsay Health Care (RHC.AU), Waypoint REIT (WPR.AU), ARN Media (A1N.AU), Acrow Ltd. (ACF.AU), Atlas Arteria (ALX.AU), Austin Engineering (ANG.AU), Eagers Automotive (APE.AU), Articore Group (ATG.AU), City Chic Collective (CCX.AU), DUG Technology (DUG.AU), Experience Co. (EXP.AU), Horizon Oil (HZN.AU), Imricor Medical Systems (IMR.AU), Mach7 Technologies (M7T.AU), Medibank Private (MPL.AU), Motorcycle Holdings (MTO.AU), Nido Education (NDO.AU), Objective Corp. (OCL.AU), Pepper Money (PPM.AU), Perpetual (PPT.AU), Southern Cross Media Group (SXL.AU), Trajan Group Holdings (TRJ.AU)

    • New Zealand:

      • Earnings:

        • Channel Infrastructure NZ (CHI.NZ), Heartland Group Holdings (HGH.NZ)

    • Malaysia:

      • Earnings:

        • Malayan Banking (1155.MK), Axiata Group (6888.MK)

    • Singapore:

      • Earnings:

        • Oversea-Chinese Banking Corp. (O39.SP), City Developments (C09.SP), Singapore Technologies Engineering (S63.SP), SIIC Environment Holdings (BHK.SP), Ho Bee Land (H13.SP), IREIT Global (UD1U.SP)

    • Taiwan:

      • Earnings:

        • Lite-On Technology (2301.TT), Delta Electronics (2308.TT), E.SUN Financial Holding (2884.TT), President Chain Store (2912.TT), Asmedia Technology (5269.TT)

    • Thailand:

      • Earnings:

        • Land & Houses Public Co. (LH.TB)

  • Market Data:

    • Gold (Apr 25): +$9.80 or +0.34% to $2928.60

    • WTI Crude (Apr 25): +$0.16 or +0.23% to $69.09

    • $-¥: (0.83) or (0.56%) to 148.8780

    • $-KRW: (0.14) or (0.01%) to 1429.5000

    • A$-$: (0.00) or (0.00%) to 0.6350

    • $-INR: +0.39 or +0.45% to 87.0846

    • $-CNY: +0.00 or +0.04% to 7.2512

  • 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