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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +1.11%, Hang Seng Futures +0.60%, ASX SPI 200 +0.98%, S&P Futures (0.48%)

Mar 16 ,2025

  • Synopsis:

    • Asian markets set for positive start to Monday trade. Futures signaling opening gains in Japan and Hong Kong. ASX also higher in initial trade. S&P 500 futures weakening after US indexes capped off fourth straight weekly decline. Australian bonds little changed following Treasury yield backup on Friday. Dollar steady on major crosses following quiet Friday session. Crude strengthening amid latest flare-up in Middle East tensions. Gold flat near record high $3K. Bitcoin pulling lower.

    • China's State Council announced various initiatives to boost incomes in a bid to stimulate consumption growth. Policy highlights include promoting wage growth, minimum wage adjustments, and establishing childcare subsidy scheme. More details expected at Monday's press conference to be held by representatives of government bodies. On Friday, National Financial Regulatory Administration also announced measures to promote financing support for consumption.

    • Central banks headline busy week. Fed expected to hold, with focus on updated SEP and Powell's press conference. BOJ expected to hold as policymakers assess impact of January's increase. US retail sales another focus following deterioration in consumer confidence. Across Asia. China Jan-Feb activity data expected to show weakness in industrial production and modest pickup in retail sales growth. Australia employment data forecast to show still tight labor market. New Zealand Q4 GDP forecast to show economy emerged from recession.

    • More press coverage of US-China equity market divergence. Notion of 'Trump put' being further OOTM driven by unrelenting tariff announcements and White House dismissiveness of market weakness. Meanwhile, flurry of policy support headlines reinforcing expectation of continued China market outperformance with rally seen broadening beyond tech. Performance divergence generating more doubts about US exceptionalism with global flows beginning to favor China following long period of weakness.

  • Pre-open Company News:

    • 1114.HK -- Brilliance China Automotive Holdings guides FY net income to decrease by 60% y/y

    • 2386.HK -- SINOPEC Engineering (Group) releases ESG report 2024

    • 2386.HK -- SINOPEC Engineering (Group) reports FY net income attributable CNY2.47B vs FactSet CNY2.58B [1 est]

    • 6657.HK -- Baiwang guides FY net loss CNY470.0M-CNY530.0M vs year-ago CNY359.3M

    • 600276.CH -- Jiangsu Hengrui Pharmaceuticals obtains NMPA approval for new indication of its tegileridine fumarate injection

    • 3690.HK -- StreetAccount Consensus Metrics Preview - Meituan Q4 Earnings

    • 386.HK -- StreetAccount Consensus Metrics Preview - Sinopec (China Petroleum & Chemical) FY Earnings

    • 532321.IN -- Zydus receives final approval from USFDA for Eluxadoline Tablets, 75 mg and 100 mg

    • 2013.HK -- StreetAccount Consensus Metrics Preview - Weimob FY Earnings

    • 1099.HK -- StreetAccount Consensus Metrics Preview - Sinopharm Group FY Earnings

    • 600095.CH -- Xiangcai suspends trading to plan merger with Shanghai Great Wisdom via share swap and A-share issuance

    • UBS initiates coverage of Korean electrical equipment sector including; HD Hyundai Electric, Hyosung Heavy Industries, LS Electric

    • 3660.HK -- Qifu Technology reports Q4 non-GAAP EPADS CNY13.66 vs FactSet CNY12.24 [2 est, CNY12.22-12.25]

  • On Deck:

    • China:

      • Economic:

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

        • 10:00 CST: Fixed Asset Investment (ytd) y/y; consensus n/a

        • 10:00 CST: Industrial production y/y; consensus n/a

        • 10:00 CST: Retail Sales y/y; consensus n/a

        • 10:00 CST: Unemployment rate

      • Earnings:

        • WuXi AppTec (603259.CH)

    • Hong Kong:

      • Earnings:

        • Vesync (2148.HK), Q Technology (Group) (1478.HK), Haitian International Holdings (1882.HK), Kingdee International Software Group (268.HK), Yuexiu Real Estate Investment Trust (405.HK), SY Holdings Group (6069.HK), Smoore International Holdings (6969.HK), China Tower (788.HK), China Medical System Holdings (867.HK), Sinopec Kantons Holdings (934.HK), YSB, Inc. (9885.HK)

    • Philippines:

      • Earnings:

        • Universal Robina (URC.PM), San Miguel (SMC.PM)

  • Market Data:

    • Gold (Apr 25): +$0.80 or +0.03% to $3001.90

    • WTI Crude (Apr 25): +$0.54 or +0.80% to $67.72

    • $-¥: (0.04) or (0.03%) to 148.5700

    • $-KRW: (1.08) or (0.07%) to 1450.1100

    • A$-$: +0.00 or +0.01% to 0.6324

    • $-INR: +0.00 or +0.00% to 86.9470

    • $-CNY: (0.00) or (0.02%) to 7.2373

  • 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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