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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.24%), Hang Seng Futures +0.25%, ASX SPI 200 (0.36%), S&P Futures +0.51%

Mar 23 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Monday trade. Futures signaling small opening decline in Japan and mildly positive start in Hong Kong. ASX lower in initial trade. US contracts advancing following latest tariff headlines. Australian bond yields higher at the long end after Treasury curve steepened on Friday. Dollar touch higher against yen, weaker elsewhere. Crude flat after capping second straight weekly gain. Gold steady near $3K. Bitcoin gaining towards early March highs.

    • Bloomberg sources noted Trump's reciprocal tariff announcement may be less severe than thought with certain countries exempted. Trump also set to forego same day announcement on sectoral tariffs while officials flagged prospect of permanent reprieve from 25% tariffs on Canada and Mexico. In other trade news, GOP Senator Daines said fentanyl issue needs resolution before US-China talks on tariffs and non-tariff barriers. Press sources noted China weighing voluntarily limiting exports in certain sectors to allay US criticism over its subsidy policy.

    • US-Asia market divergence reversed a little last week after dovish FOMC takeaways lifted sentiment towards stocks and bonds. Meanwhile China market pullback was led by technology following pickup in discussion about valuations. Still no change to overarching narrative of waning American exceptionalism - tariffs continue to fuel US macro uncertainty while Europe's defense/infrastructure pivot and China's narrowing of tech gap with US encouraging rebound of global flows.

    • Relatively quieter week on economic calendar with global flash PMIs (Mon) to offer latest read on economic impact of tariffs. Tokyo CPI (Fri) forecast to show unchanged core inflation amid upside pressures from surge in rice prices. US PCE index (Fri) expected to show unchanged core inflation. BOJ Summary of Opinions (Fri), Japan trade data (Fri), services PPI (Wed) and Australian monthly CPI (Wed) among handful of other economic releases. Cost of living support expected to feature in Australian budget (Tues).

  • Pre-open Company News:

    • 2267.JP -- Yakult Honsha downgraded to underweight from equal-weight at Morgan Stanley

    • 2319.HK -- StreetAccount Consensus Metrics Preview - China Mengniu Dairy FY Earnings

    • 543232.IN -- Computer Age Management Services downgraded to hold from buy at Nuvama Institutional Equities

    • HMPRO.TB -- Home Product Center Public Co. downgraded to hold from buy at HSBC

    • 2371.JP -- Kakaku.com downgraded to B from A at Iwai Cosmo Securities

    • 2018.HK -- AAC Technologies Holdings upgraded to buy at UOB Kay Hian Securities

    • 601689.CH -- Ningbo Tuopu Group initiated buy at HSBC

    • 9602.JP -- Toho Co initiated hold at Jefferies

    • 386.HK -- Sinopec (China Petroleum & Chemical) reports FY CAS net income attributable CNY50.31B vs StreetAccount CNY55.61B

    • 386.HK -- Sinopec (China Petroleum & Chemical) releases sustainability report

    • 658.HK -- China High Speed Transmission Equipment Group guides FY net income attributable (CNY6.56B) vs year-ago CNY95.5M

    • 6660.HK -- AIM Vaccine announces FDA approval for clinical trial of the mRNA herpes zoster vaccine

    • 9909.HK -- Powerlong Commercial Management Holdings guides FY net income attributable CNY177.1-224.7M vs FactSet CNY408.4M [1 est]

    • 601179.CH -- GE Singapore ends stake reduction early after selling 2% in China XD Electric

    • 542650.IN -- Metropolis Healthcare completes acquisition of Core Diagnostics

  • On Deck:

    • China:

      • Earnings:

        • BYD Co. (002594.CH)

    • Hong Kong:

      • Earnings:

        • Anhui Conch Cement (914.HK), Kingboard Holdings (148.HK), Sunac Services Holdings (1516.HK), Kingboard Laminates Holdings (1888.HK), Laekna (2105.HK), Keymed Biosciences (2162.HK), Medlive Technology (2192.HK), Clover Biopharmaceuticals (2197.HK), West China Cement (2233.HK), WuXi XDC Cayman (2268.HK), Sunny Optical Technology (Group) (2382.HK), Shenzhen Dobot (2432.HK), Cutia Therapeutics (2487.HK), Cirrus Aircraft (2507.HK), Zhejiang Taimei Medical Technology (2576.HK), Shanghai Henlius Biotech (2696.HK), Guangdong Investment (270.HK), BYD Electronic (International) (285.HK), Tingyi (Cayman Islands) Holding (322.HK), United Laboratories International Holdings (3933.HK), Minth Group (425.HK), Zhejiang Expressway (576.HK), China Conch Environment Protection Holdings (587.HK), Sichuan Kelun-Biotech Biopharmaceutical (6990.HK), Jinmao Property Services (816.HK), China Taiping Insurance Holdings (966.HK), Shiyue Daotian Group (9676.HK), Mongolian Mining (975.HK), Kangji Medical Holdings (9997.HK)

  • Market Data:

    • Gold (Apr 25): +$8.70 or +0.29% to $3030.10

    • WTI Crude (May 25): +$0.11 or +0.16% to $68.39

    • $-¥: +0.23 or +0.15% to 149.5400

    • $-KRW: (0.94) or (0.06%) to 1464.8800

    • A$-$: +0.00 or +0.10% to 0.6280

    • $-INR: (0.00) or (0.00%) to 85.9900

    • $-CNY: (0.00) or (0.01%) to 7.2483

  • 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".

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