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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.28%, Hang Seng Futures (0.43%), ASX SPI 200 +0.46%, S&P Futures +0.19%

Apr 01 ,2025

  • Synopsis:

    • Asian stocks set for mixed start to Wednesday trade as markets await Trump's tariff announcement on Wednesday. Futures pointing to opening gains in Japan and negative start in Hong Kong. ASX higher in initial trade. S&P 500 futures gaining afterhours. Australian bonds firming following earlier Treasury curve bull flattening. FX market price action quiet leading into tariff announcement. Crude and gold flat following listless Tuesday session. Bitcoin fluctuating following earlier rebound.

    • Trade continues to dominate headlines with press reports noting President Trump's final tariff proposal remains flux ahead of Wednesday's announcement. Sources say Trump being presented with multiple options, including the already discussed 20% universal tariff rate, across-the-board tariffs but only on certain nations and not as high as 20% universal tariff. Another option involves different tariff rates for each country based on their trade barriers against US. Still a lot of uncertainty, including additional sectoral tariffs down the road.

    • In corporate news, Bloomberg sources reported Alibaba (9988.HK) planning to released upgraded AI model, Qwen 3, as soon as April. NY Times sources reported Dongfeng Motor (489.HK) and Chongqing Changan Automobile (000625.CH) in advanced merger talks. Reuters sources noted Arm Holdings recently opted against pursuing UK-based Alphawave (AWE.LN) to secure key technology for building AI processors. Bloomberg sources noted Trump to weigh proposal for divesting TikTok's US operations on Wednesday. Nintendo (7974.JP) to unveil Switch 2 details today.

  • Pre-open Company News:

    • 8876.JP -- Relo Group COO Kenji Koshinaga to step down, effective today

    • 7278.JP -- EXEDY Corp completes up-to-¥30.00B on-market buyback

    • 500477.IN -- Ashok Leyland reports March vehicle sales 24,060 units vs StreetAccount 22,870 {5 estimates, 22,500-23,800}

    • 3923.JP -- RAKUS completes sale of its shares in 580K shares in Kaonavi Inc. to Keystone Investment as announced on 14-Mar

    • 5186.JP -- Nitta Corp formulates phase 2 of mid-long term plan; guides FY27 revenue ¥105.0B vs FY24 guidance ¥90.0B

    • 532500.IN -- Maruti Suzuki India reports March total sales (units) 192,984 vs StreetAccount 196,749

    • 175.HK -- Geely Automobile Holdings reports March sales volume 232,177 units, +54% y/y

    • 2015.HK -- Li Auto March deliveries 36,674 vehicles, +26.5% y/y

    • 600104.CH -- SAIC Motor reports March vehicle sales 385,742 units vs year-ago 381,391 units600276.CH -- Jiangsu Hengrui Pharmaceuticals obtains NMPA clinical trial approval for HRS-9813 capsules for treatment of idiopathic pulmonary fibrosis

    • 600111.CH -- China Northern Rare Earth (Group) High-Tech controlling shareholder Baotou Steel completes on-market purchase of 43.1M shares for CNY1.00B

  • On Deck:

    • Japan:

      • Earnings:

        • NISHIMATSUYA CHAIN (7545.JP)

    • South Korea:

      • Economic:

        • 08:00 KST: CPI NSA Y/Y; consensus +1.9%

        • 08:00 KST: CPI M/M; consensus +0.1%

    • Australia:

      • Economic:

        • 11:30 AEST: Building Approvals SA M/M; consensus (1%)

  • Market Data:

    • Gold (Jun 25): ($1.00) or (0.03%) to $3145.00

    • WTI Crude (May 25): +$0.02 or +0.03% to $71.22

    • $-¥: (0.18) or (0.12%) to 149.7900

    • $-KRW: (2.92) or (0.20%) to 1469.9700

    • A$-$: +0.00 or +0.62% to 0.6286

    • $-INR: +0.13 or +0.15% to 85.5897

    • $-CNY: +0.01 or +0.16% to 7.2692

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