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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.67%), Hang Seng Futures (0.17%), ASX SPI 200 (1.33%), S&P Futures +0.13%

Mar 11 ,2025

  • Synopsis:

    • Asia equities poised to open lower Wednesday. Futures in Japan, Hong Kong and Australia all traded lower. US contracts recovering after cash declines in a soft finish to the session. Golden Dragon China index bounced 2.83% while Japan ADRs were skewed to losses. Recent tech weakness eased with SOX index falling a moderate 0.70% and US big tech mixed. Treasuries weaker with some curve steepening. Dollar index was down 0.5%. Gold finished up 0.7%. Bitcoin futures up 5.8%, back above $80K after Monday's 9%+ slump. WTI crude settled up 0.3%, though off best levels.

    • More tariff-induced turbulence overnight. White House reconfirmed tariffs will come into effect at midnight Wednesday US time with no exemptions. President Trump threatened to double steel and aluminum tariffs on Canada to 50% though later backed off that stance. With S&P 500 on the cusp of correction territory, dip-buying lifted market off lows after the index fell 10% from its prior peak. Reversal was supported by Ontario suspending a 25% surcharge on electricity exports to US, and Ukraine willing to accept a 30-day a cease-fire proposal now put to Moscow. Still, bearish narrative continues to gain momentum amid brokerage downgrades to US market rating and GDP growth forecasts.

    • Asian economies now coming to terms with impending US tariffs after Japan and Australia failed to gain exemptions on steel/aluminum. Discussions move to reciprocal tariffs slated for early April. Japan assessing how US will justify actions with recent focus on Trump's recent criticism of weak currencies in China and Japan as grounds for retaliation. South Korea lobbying to dispel misunderstanding on tariffs applied to US, which are virtually zero. Elsewhere, markets looking for the next major themes after China NPC concluded Tuesday (markets still waiting for more stimulus). China AI optimism has been a key catalyst reviving global investor interest and drawing allocations away from other markets. Macro calendar light today. South Korea jobless rate eased. Japan MOF business sentiment, PPI and India inflation due for release. Global attention turns to US CPI later today.

  • Pre-open Company News:

    • General Insurance Council reports provisional February non-life gross premium INR217.48B vs year-ago INR223.78B

    • AMPLI.FP -- Zydus Lifesciences to acquire 85.6% of Amplitude Surgical SA at €6.25/share in cash

    • 017800.KS -- Hyundai Elevator revises FY results; now reports FY operating profit KRW225.74B vs prior KRW230.98B

    • 2615.TT -- Wan Hai Lines reports FY EPS NT$16.89 vs FactSet NT$16.97 [4 est, NT$16.10-18.04]

    • 111770.KS -- Youngone reports audited FY operating profit KRW315.60B vs preliminary KRW328.40B

    • 7201.JP -- Nissan Motor confirms appointment of Ivan Espinosa as new CEO effective 1-Apr, replacing Makoto Uchida

    • 2615.TT -- Wan Hai Lines declares FY cash dividend NT$3.50/share; StreetAccount notes the year-ago dividend was NT$1.50/share

    • 035720.KS -- Kakao revises Q4 results; now reports Q4 operating profit KRW75.43B vs prior KRW106.69B

    • 111770.KS -- Youngone declares year-end dividend KRW1,400/share; StreetAccount notes year-ago figure KRW1,300/share

    • 2368.TT -- Gold Circuit Electronics reports FY EPS NT$11.54 vs FactSet NT$11.70 [10 est, NT$11.02-13.83]

    • 009970.KS -- Youngone Holdings declares year-end dividend KRW2,950/share; StreetAccount notes the year-ago figure was KRW2,370/share

    • 600079.CH -- Humanwell Healthcare (Group) receives NMPA clinical trial approval for HW231019 tablets in treatment of acute pain

    • 139130.KS -- DGB Financial Group audited FY operating profit KRW263.43B vs preliminary KRW271.14B

    • 000027.CH -- Shenzhen Energy Group's unit Shenzhen Energy and Environmental Protection raises CNY5B from share sale to external investors

    • 435.HK -- Sunlight Real Estate Investment Trust reports 18 months ended 31-Dec-24 distributable income HK$499.7M, +31% vs year-ended 30-June-23 HK$380.3M

  • 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:

        • Ping An Healthcare & Technology (1833.HK), 361 Degrees International (1361.HK), CITIC Telecom International Holdings (1883.HK), Cathay Pacific Airways (293.HK), Grand Pharmaceutical Group (512.HK), FIT Hon Teng (6088.HK), China Merchants Land (978.HK)

    • Japan:

      • Economic:

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

    • South Korea:

      • Economic:

        • 08:00 KST: Unemployment Rate; consensus 2.8%

    • Taiwan:

      • Earnings:

        • TCC Group Holdings CO. (1101.TT), Cheng Shin Rubber Ind. (2105.TT), Hotai Motor (2207.TT), Foxconn Technology (2354.TT), Yang Ming Marine Transport (2609.TT), Asia Vital Components (3017.TT), Nien Made Enterprise Co. (8464.TT), Ruentex Development (9945.TT), Far Eastern New Century (1402.TT), Synnex Technology International (2347.TT), Silergy (6415.TT)

    • Philippines:

      • Earnings:

        • ACEN Corp. (ACEN.PM)

  • Market Data:

    • Gold (Apr 25): +$2.90 or +0.10% to $2923.80

    • WTI Crude (Apr 25): +$0.43 or +0.65% to $66.68

    • $-¥: +0.62 or +0.42% to 147.8880

    • $-KRW: (8.90) or (0.61%) to 1451.0200

    • A$-$: +0.00 or +0.27% to 0.6295

    • $-INR: (0.15) or (0.17%) to 87.1810

    • $-CNY: (0.03) or (0.45%) to 7.2279

  • 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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