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StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.20%), Hang Seng Futures (0.10%), ASX SPI 200 +0.19%, S&P Futures +1.23%

May 11 ,2025

  • Synopsis:

    • Asian market set for positive start to Monday trade. Nikkei, Hang Seng and ASX futures ended little changed on Friday though S&P and Nasdaq futures up over 1% this morning following weekend trade developments. Australian bonds weaker with curve steepening. Dollar firming against majors. Crude and copper strengthening alongside equity futures while gold under pressure. Bitcoin hovering near early February highs.

    • US-China talks in Geneva characterized as positive with Treasury Secretary Bessent highlighting substantial progress and Trump noting total reset was negotiated during meeting. China Vice Premier He Lifeng described meeting as important first step with two sides reaching consensus on a series of issues. Bessent promised more details on Monday. Nothing mentioned on tariff relief though Trump on Friday 80% tariff rate seemed right while press sources noted White House could reduce tariffs to below 60% depending on progress made.

    • In other macro news, China deflation pressures persisted in April with consumer prices shrinking at similar pace and factory-gate prices contracting at quickest pace in six months. Japan PM Ishiba repeated call for US to drop all tariffs. Busy weekend of geopolitical developments with India and Pakistan reaching tentative truce brokered by US. Putin and Zelensky agreed to direct talks in Istanbul on 15-May without preconditions. Iran signaled progress in nuclear talks with US.

    • April US CPI the week's headline event with core and headline inflation forecast to have picked up. Markets will also be eyeing latest reads on US consumer sentiment and inflation expectations. Across Asia, Japan preliminary Q1 GDP forecast to show economy fell back into contraction. April Australia jobs data and Q1 wage price index the final major data points before May RBA meeting. Singapore Q1 GDP, India CPI, and China credit data also due out. Earnings continue to roll with Japan autos, banks, and China tech platforms slated to report.

  • Pre-open Company News:

    • Estimated weekend box office revenues in US, Canada $81.8M, (14.8%) y/y - Box Office Mojo

    • 2474.TT -- Catcher Technology reports Q1 EPS NT$4.46 vs FactSet NT$4.46

    • 2228.HK -- XtalPi Holdings subsidiary to acquire 90% equity interest in Shanghai Siwei Medical Technology for CNY250M

    • 500103.IN -- Bharat Heavy Electricals provides clarification on MoU and potential JV

    • 543657.IN -- Archean Chemical Industries releases sustainability report

    • LLY -- Eli Lilly reports SURMOUNT-5 trial of Zepbound met primary endpoint

    • 030200.KS -- KT downgraded to neutral from buy at Nomura

    • 023530.KS -- Lotte Shopping Co. upgraded to buy from hold at HSBC

    • ME8U.SP -- Mapletree Industrial Trust downgraded to neutral from buy at Goldman Sachs

    • 280360.KS -- Lotte Wellfood downgraded to hold from buy at Hanwha Securities

    • 9009.JP -- Keisei Electric Railway reports March revenue from passengers ¥6.71B, +10.5% y/y

    • 002340.CH -- GEM Co. downgraded to hold from buy at Daiwa

    • 5463.JP -- Maruichi Steel Tube launches up-to-¥12.00B buyback, to run between 23-Jun and 31-Mar-26

    • 2049.TT -- HIWIN Technologies downgraded to hold from outperform at CLSA

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: New Yuan Loans; consensus

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

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

    • Hong Kong:

      • Earnings:

        • Pou Sheng International (Holdings) (3813.HK), Yue Yuen Industrial (Holdings) (551.HK)

    • Japan:

      • Economic:

        • 08:50 JST: Bank Loans NSA Y/Y; consensus

      • Earnings:

        • Sankyo (6417.JP), Mitsubishi Gas Chemical (4182.JP), Shionogi & Co. (4507.JP), Kansai Paint (4613.JP), Shiseido (4911.JP), Kobe Steel (5406.JP), Rakuten Bank (5838.JP), Suzuki Motor (7269.JP), ORIX (8591.JP), Kamigumi (9364.JP), Maruha Nichiro (1333.JP), Nishimatsu Construction Co. (1820.JP), CALBEE (2229.JP), Asahi Group Holdings (2502.JP), The Nisshin OilliO Group (2602.JP), Fuji Oil Holdings (2607.JP), Toyo Suisan Kaisha (2875.JP), Toyobo (3101.JP), Nisshinbo Holdings (3105.JP), Teijin (3401.JP), Kureha (4023.JP), Nippon Sanso Holdings (4091.JP), TOKYO OHKA KOGYO (4186.JP), Sumitomo Bakelite (4203.JP), Ube (4208.JP), Fuso Chemical (4368.JP), Kaken Pharmaceutical (4521.JP), Tsumura & Co (4540.JP), KYORIN Pharmaceutical (4569.JP), Mec Co. (4971.JP), Dexerials (4980.JP), Earth Corp (4985.JP), ENEOS (5020.JP), AGC (5201.JP), Toyo Tanso (5310.JP), NICHIAS (5393.JP), Sega Sammy Holdings (6460.JP), NSK Ltd (6471.JP), Toshiba Tec (6588.JP), Sharp Corp (6753.JP), Kanadevia (7004.JP), Mebuki Financial Group (7167.JP), Kyushu Financial Group (7180.JP), Concordia Financial Group (7186.JP), KYB Corp (7242.JP), Mazda Motor (7261.JP), Hirogin Holdings (7337.JP), Daiichikosho (7458.JP), Workman (7564.JP), Shimadzu (7701.JP), Nakanishi (7716.JP), Topcon (7732.JP), Nifco Inc (7988.JP), Nipro (8086.JP), Yaoko Co. (8279.JP), Paltac (8283.JP), Fukuoka Financial Group (8354.JP), Suruga Bank (8358.JP), The Kiyo Bank (8370.JP), Hokuhoku Financial Group (8377.JP), ACOM Co. (8572.JP), Senshu Ikeda Holdings (8714.JP), Mitsubishi Estate (8802.JP), Starts (8850.JP), Keikyu (9006.JP), Keio Corp (9008.JP), Sankyu (9065.JP), SENKO Group Holdings (9069.JP), AZ-COM Maruwa Holdings (9090.JP), eREX Co. (9517.JP), Renova (9519.JP), SECOM Co. (9735.JP)

    • South Korea:

      • Earnings:

        • SK Telecom (017670.KS), CJ CheilJedang (097950.KS), Grand Korea Leisure (114090.KS), CJ Logistics (000120.KS)

    • Australia:

      • Earnings:

        • Life360 (360.AU)

    • India:

      • Earnings:

        • UPL Ltd (512070.IN), PVR INOX (532689.IN), Jyothy Labs (532926.IN), Vijaya Diagnostic Centre (543350.IN), Raymond (500330.IN), Tata Steel (500470.IN), SRF Ltd (503806.IN), Carborundum Universal (513375.IN), Usha Martin (517146.IN), JM Financial (523405.IN), Happiest Minds Technologies (543227.IN)

    • Taiwan:

      • Earnings:

        • Asmedia Technology (5269.TT), Silergy (6415.TT)

    • Philippines:

      • Earnings:

        • Globe Telecom (GLO.PM)

  • Market Data:

    • Gold (Jun 25): ($54.50) or (1.63%) to $3289.50

    • WTI Crude (Jun 25): +$0.37 or +0.61% to $61.39

    • $-¥: +0.36 or +0.25% to 145.7380

    • $-KRW: (1.00) or (0.07%) to 1395.1500

    • A$-$: +0.00 or +0.12% to 0.6425

    • $-INR: +0.01 or +0.01% to 85.4222

    • $-CNY: (0.00) or (0.01%) to 7.2360

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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.
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