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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.32%), Hang Seng Futures (0.98%), ASX SPI 200 (0.33%), S&P Futures (0.21%)

Apr 16 ,2025

The Asian Morning Preview will not be published on Good Friday 18-Apr. It will return on 21-Apr.

  • Synopsis:

    • Asian markets set for negative start to Thursday trade. Futures signaling opening declines in Japan, Hong Kong and Australia. S&P 500 futures flat following tech-led sell-off overnight. Australian yield curve bull flattening after Treasuries firmed while New Zealand yields remain lower after inflation topped forecasts. FX markets steady following broad dollar retreat. Crude and gold adding to earlier gains. Bitcoin flat.

    • Negative leads for Asian semis after SOX fell 4% amid an NVDA sell-off after group disclosed $5.5B hit from Trump administration's crackdown on H20 chips. Restriction on NVDA's H20s viewed as latest US efforts to tighten China's access to advanced technology amid the broader ramp in trade tensions. House committee report on Wednesday described DeepSeek as profound national security threat and urged NVDA to disclose further details on its sales to the AI startup.

    • Hawkish takeaways from Fed Chair's Powell's remarks also blamed for Wednesday's risk-off move after he warned of stagflationary consequences from larger-than-expected tariffs. Nothing in his remarks that gave clarity on potential Fed put with Powell reiterating patience stance, echoing remarks by other Fed speakers. Market pricing in ~90 bp of easing in 2025 with first cut expected in July. Powell also commented on Treasury volatility, noting markets remain orderly and still functioning.

    • US-China trade war continues after White House hiked tariffs up to 245% due to retaliatory action. Press describing efforts by China and US to win countries over to their side with White House reportedly aiming to isolate China in exchange for reduced tariffs. Meanwhile President Xi courting SE Asian nations including Vietnam and Malaysia, culminating in signing of trade and other agreements. Still, other articles describing China willingness in talks based on mutual respect and Trump also urging Beijing to negotiate.

  • Pre-open Company News:

    • 6135.JP -- Nidec files for provisional injunction to stop Makino Milling Machine Co.'s 1:1 gratis rights offering

    • 185750.KS -- South Korea's MFDS approves Chong Kun Dang Pharmaceutical's CKD-379 for type 2 diabetes in adults

    • 543720.IN -- KFin Technologies to acquire 51% stake in Ascent Fund for $34.7M (INR2.97B) in cash

    • 1876.HK -- Budweiser Brewing Co. APAC releases sustainability report

    • 336.HK -- Huabao International Holdings releases sustainability report

    • 3323.HK -- China National Building Material guides Q1 net income attributable (CNY520M) vs year-ago (CNY1.35B)

    • 435.HK -- Sunlight Real Estate Investment Trust reports Q3 occupancy rate 90.1% vs quarter-ago 91.3%

    • 1766.HK -- CRRC Corp. releases sustainability report

    • 2883.HK -- China Oilfield Services FY24 ESG report

    • 59.HK -- Bondholder withdraws winding-up petition against Skyfame Realty in Hong Kong

    • 788.HK -- China Tower releases sustainability report

    • 1811.HK -- CGN New Energy Holdings releases ESG report 2024

    • 604.HK -- Shenzhen Investment reports Q1 contracted sales CNY3.13B, +83.5% y/y

    • 6929.HK -- OrbusNeich Medical Group Holdings releases 2024 ESG Report

  • On Deck:

    • China:

      • Economic:

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

      • Earnings:

        • Fuyao Glass Industry Group (600660.CH)

    • Hong Kong:

      • Earnings:

        • Xtep International Holdings (1368.HK), China Tower (788.HK)

    • Japan:

      • Economic:

        • 08:50 JST: Import NSA Y/Y (Preliminary); consensus +3.6%

        • 08:50 JST: Export NSA Y/Y (Preliminary); consensus +4.3%

        • 08:50 JST: Trade Balance NSA (Preliminary); consensus +¥0.5T

      • Earnings:

        • DISCO Corp. (6146.JP)

    • South Korea:

      • Economic:

        • 11:10 KST: BoK Repo Rate; consensus +2.8%

    • Australia:

      • Economic:

        • 11:30 AEST: Unemployment Rate; consensus 4.2%

        • 11:30 AEST: Employment SA; consensus +30K

      • Earnings:

        • Challenger (CGF.AU), Santos (STO.AU)

    • New Zealand:

      • Economic:

        • 10:45 NZST: CPI Q/Q; consensus +0.8%

    • Singapore:

      • Earnings:

        • Keppel Pacific Oak US REIT (CMOU.SP)

    • Taiwan:

      • Earnings:

        • Yageo (2327.TT), TSMC (2330.TT)

  • Market Data:

    • Gold (Jun 25): +$18.90 or +0.56% to $3365.30

    • WTI Crude (May 25): +$0.41 or +0.66% to $62.88

    • $-¥: (1.55) or (1.08%) to 141.6920

    • $-KRW: (13.71) or (0.96%) to 1414.2300

    • A$-$: +0.00 or +0.41% to 0.6370

    • $-INR: (0.11) or (0.13%) to 85.6206

    • $-CNY: (0.01) or (0.14%) to 7.3053

  • 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:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE