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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.28%, Hang Seng Futures (0.66%), ASX SPI 200 +0.96%, S&P Futures +0.03%

May 15 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Friday trade. Futures signaling opening gains in Japan and Australia, and negative start in Hong Kong. S&P 500 futures flat after US equities added to gains Thursday. Australian bonds rebounding, tracking earlier Treasury curve bull steepening that followed softer PPI and retail sales. FX markets steady after dollar ended little changed on major crosses. Crude muted following Thursday pullback on Iran nuclear deal headlines. Gold extending rebound. Bitcoin flat.

    • USTR Greer in South Korea for APEC after meeting China trade negotiators on sidelines Thursday. However, nothing substantive emerged following weekend de-escalation. Other Asian ministers also aiming for meetings with Greer as talks continue. In other developments, US-Japan negotiators arranging third round of talks for this month though auto and agricultural discussions, and divisions over tariffs, mentioned as roadblocks. Trump repeated claim India offered to drop tariffs to zero as Delhi trade officials prepare to travel to US this week for talks.

    • Tech in headlines with Alibaba (9988.HK) down 8% in US after quarterly revenue growth underwhelmed amid China consumer weakness. FT sources highlighting concerns among Trump officials that plans to put China chipmaking firms on export blacklist will hurt efforts on trade talks. China also raised objections to US export controls after Commerce Department confirmed plans to rescind Biden-era AI diffusion rules while warning use of Huawei Ascend chips a violation of rules.

    • Quiet day on economic calendar, headlined by Japan preliminary GDP. Forecast to show economy fell back into contraction in Q1 with main drag set to be external demand. Private demand seen modestly positive, led by capex. Consumption seen marginally higher. Comes as latest economist polls show BOJ rate hike forecasts pushed back to Q4, reflecting ongoing tariff-related uncertainties. BOJ board member Nakamura slated to remark later Friday.

  • Pre-open Company News:

    • 500440.IN -- StreetAccount Consensus Metrics Preview - Hindalco Industries Q4 Earnings

    • 2317.TT -- Street Takeaways - Hon Hai Precision Industry Q1 earnings

    • 4938.TT -- Street Takeaways - Pegatron Q1 earnings

    • 500271.IN -- Street Takeaways - Max Financial Services Q4 Earnings

    • 532454.IN -- Bharti Airtel downgraded to hold from buy at ICICI Securities

    • 8306.JP -- Mitsubishi UFJ Financial reports FY net income attributable ¥1.863T, +25% vs year-ago ¥1.491T

    • 532889.IN -- K.P.R. Mill downgraded to reduce from accumulate at Elara Capital

    • 5110.JP -- Sumitomo Rubber Industries reports Q1 net income attributable ¥3.56B vs FactSet ¥9.05B [2 est, ¥8-10.10B]

    • UBI.FP -- Street Takeaways - Ubisoft Entertainment Q1/FY25 earnings and FY26 guidance disappoint

    • 6651.JP -- Nitto Kogyo reports FY net income attributable ¥12.10B vs FactSet ¥10.50B [2 est, ¥10.50-10.50B]

    • 532779.IN -- Torrent Power downgraded to sell from reduce at Elara Capital

    • 8306.JP -- Mitsubishi UFJ Financial to launch up to 175M-share buyback for up to ¥250.0B. to run from 15-May to 31-Jul

    • 000670.KS -- Young Poong reports Q1 operating profit (KRW56.27B) vs year-ago (KRW43.20B)

    • 500387.IN -- Shree Cement downgraded to sell from hold at BOB Capital Markets

    • 4021.JP -- Nissan Chemical medium-term business plan: targets FY27 revenue ¥293.0B

  • On Deck:

    • China:

      • Economic:

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

    • Japan:

      • Economic:

        • 08:50 JST: GDP SA Q/Q (Preliminary); consensus +0.1%

        • 08:50 JST: GDP SAAR Q/Q (Preliminary); consensus +0.4%

        • 08:50 JST: GDP Y/Y (Preliminary); consensus +1.9%

        • 13:30 JST: Retail Sales NSA Y/Y (Final); consensus

        • 13:30 JST: Industrial Production SA M/M (Final); consensus (1.1%)

      • Earnings:

        • Fuji Media Holdings (4676.JP), Toei Animation (4816.JP)

    • New Zealand:

      • Economic:

        • 15:00 NZST: Inflation Expectations Y/Y; consensus

    • India:

      • Earnings:

        • Emami Ltd (531162.IN), Sammaan Capital (535789.IN), Hyundai Motor India (544274.IN), Ratnamani Metals & Tubes (520111.IN), Kalpataru Projects International (522287.IN), Jubilant Pharmova (530019.IN), KRBL Ltd (530813.IN)

    • Malaysia:

      • Economic:

        • 00:00 EST: GDP NSA Y/Y (Final); consensus +4.5%

        • 00:00 EST: Current Account; consensus +MYR10.3B

    • Taiwan:

      • Earnings:

        • CTBC Financial Holding (2891.TT)

    • Thailand:

      • Earnings:

        • Beyond Securities Public (BYD.R.TB)

    • Philippines:

      • Earnings:

        • Alliance Global Group (AGI.PM), GT Capital Holdings (GTCAP.PM)

  • Market Data:

    • Gold (Jun 25): +$20.20 or +0.63% to $3246.80

    • WTI Crude (Jun 25): +$0.16 or +0.26% to $61.78

    • $-¥: (1.18) or (0.80%) to 145.5720

    • $-KRW: (11.29) or (0.80%) to 1397.0200

    • A$-$: (0.00) or (0.42%) to 0.6402

    • $-INR: (0.04) or (0.05%) to 85.4449

    • $-CNY: (0.00) or (0.03%) to 7.2060

  • 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