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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.57%, Hang Seng Futures (0.08%), ASX SPI 200 +0.21%, S&P Futures +0.18%

Mar 12 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Thursday trade. Futures signaling mild opening gains in Japan while Hang Seng futures flat. ASX marginally higher in initial trade. S&P 500 futures nudging higher afterhours. Australian bonds weakening, tracking earlier Treasury curve bear flattening. FX markets steady with dollar ending little changed following softer US CPI. Crude and gold unchanged after finishing higher in offshore session. Bitcoin steady after recouping earlier losses.

    • Stabilization on US markets tabbed to oversold conditions with previously underperforming tech/semis leading the rebound (SOX up 2.5%). Still, sentiment remains cautious amid Trump policy uncertainty and tariff headline volatility, keeping S&P 500 on cusp of correction territory. Softer US CPI data also not enough to sway expectations of a Fed hold next week (markets still pricing in three rate cuts by end-2025).

    • US February CPI notably cooler than expected with core inflation lowest in almost four years, helping to ease recent concerns around stalling disinflation momentum. Still, data considered somewhat dated in context of fears tariffs will add upward pressure on inflation going forward. Focus turns to US PPI later Thursday, forecast to show unchanged core on m/m basis. Additional focus will be on PCE categories after component-level takeaways from CPI data noted some upside implications.

    • President Trump threatened to respond to EU and Canada's retaliatory tariffs on US goods. Their moves in response to US steel and aluminum tariffs that went into effect Wednesday. Attention moving ahead to expected announcement on reciprocal tariffs on 2-Apr, as trade war risks continue to drive fears about slowing economic growth. Strategists also voicing more concerns lately about downward revisions to earnings expectations and year-end index price targets.

  • Pre-open Company News:

    • 509930.IN -- Street Takeaways - Supreme Industries acquisition of Wavin Industries

    • 2368.TT -- Street Takeaways - Gold Circuit Electronics Q4/FY earnings

    • 532810.IN -- Power Finance declares fourth interim DPS INR3.50

    • 7734.JP -- Riken Keiki to launch up to 700K-share off-auction buyback for up to ¥1.86B at 08:45 tomorrow

    • 500325.IN -- Reliance Industries' Jio Platforms in deal to offer Starlink broadband internet services to its India customers

    • SOLG.LN -- SolGold agrees to sell 157.1M own shares to Jiangxi Copper Company Limited

    • 1336.HK -- New China Life Insurance reports Jan-Feb premium income of CNY51.12B, +29% y/y

    • 832.HK -- Central China Real Estate reports February contracted sales CNY990M, +46.7% y/y

    • 2207.TT -- Hotai Motor reports FY EPS NT$36.74 vs FactSet NT$37.86 [1 est]

    • 543265.IN -- RailTel Corp. of India declares second interim DPS INR1

    • AIR.FP -- Jackson Square Aviation places firm order for 50 A320neos; terms undisclosed

    • 500570.IN -- Street Takeaways - Tata Motors Analyst Meet

    • 8031.JP -- Mitsui & Co. signs definitive agreement with AMB Holdings Pty Ltd for 15% stake in Rhodes Ridge; terms unchanged

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: New Yuan Loans; consensus

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

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

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

      • Earnings:

        • China Resources Sanjiu Medical & Pharmaceutical (000999.CH)

    • Hong Kong:

      • Earnings:

        • Swire Pacific (19.HK), Swire Properties (1972.HK), BOC Aviation (2588.HK), Orient Overseas (International) (316.HK), Guangzhou Baiyunshan Pharmaceutical Holdings (874.HK), Yuexiu Transport Infrastructure (1052.HK), AIA Group (1299.HK), SF Real Estate Investment Trust (2191.HK), The Wharf (Holdings) (4.HK), Value Partners Group (806.HK)

    • Japan:

      • Earnings:

        • Visional (4194.JP)

    • Australia:

      • Economic:

        • 11:00 AEST: Consumer Inflation Expectation; consensus

      • Earnings:

        • Liontown Resources (LTR.AU), Premier Investments (PMV.AU)

    • Taiwan:

      • Earnings:

        • Formosa Plastics (1301.TT), Accton Technology (2345.TT), Acer Inc (2353.TT), Evergreen Marine (2603.TT), Merida Industry (9914.TT)

    • Philippines:

      • Earnings:

        • Ayala Corp (AC.PM)

  • Market Data:

    • Gold (Apr 25): ($3.90) or (0.13%) to $2942.90

    • WTI Crude (Apr 25): +$0.01 or +0.01% to $67.69

    • $-¥: +0.42 or +0.28% to 148.1920

    • $-KRW: (2.97) or (0.20%) to 1448.7500

    • A$-$: +0.00 or +0.40% to 0.6324

    • $-INR: +0.03 or +0.04% to 87.1603

    • $-CNY: +0.01 or +0.11% to 7.2369

  • 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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