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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.52%, Hang Seng Futures +0.43%, ASX SPI 200 +0.88%, S&P Futures +0.12%

May 19 ,2025

  • Synopsis:]

    • Asian markets set for positive start to Tuesday trade. Futures signaling opening gains in Japan, Hong Kong and Australia. S&P 500 futures little changed in postmarket trade after stocks shrugged off Moody's credit rating downgrade. Australian bonds rallying ahead of expected RBA rate cut. Treasuries ended mixed Monday with curve steepening. Dollar steady after sustaining declines in aftermath of Moody's downgrade. Gold little changed after finishing higher Monday. Crude unchanged. Bitcoin flat near record high.

    • Overnight, Moody's US credit rating downgrade had limited market impact with stocks and Treasuries recouping earlier losses. Sell-side takeaways downplayed near-term risks though downgrade nonetheless seen reinforcing longer-term concerns about upward pressure on bond yields from continued expansion of deficits and debt. Elsewhere, Monday Fedspeak continued to stress patience with two officials flagging holding pattern until September at earliest. Strategists also highlighted waning positioning tailwind, dampened retail buying.

    • Market also weighing mixed updates on trade negotiations after Treasury Secretary Bessent and President Trump warned tariffs could revert to higher levels if insufficient progress is made before expiry of reciprocal tariff pause. On Monday China also took issue with US curbs on Huawei, arguing actions undermined consensus reached in Geneva. Still, NEC Director Hassett said Monday 15 countries close to a deal and recent press articles have highlighted signs of progress in talks involving EU, Japan, South Korea and India.

    • RBA expected to cut cash rate by 25 bp at Tuesday's meeting, reflecting disinflation momentum, weak consumption and tariff-related risks to global growth. However, Governor Bullock seen pushing back against speculation of follow-up easing as central bank navigates two-sided risks to the outlook and tight labor market. China also expected to cut 1Y and 5Y loan prime rates after PBOC reduced 7D reverse repo rate by 10 bp earlier this month. Reuters sources added China banks will reduce deposit rates from Tuesday. .

  • Pre-open Company News:

    • 531344.IN -- Container Corp. of India board to consider proposal to issue bonus shares at 22-May meeting

    • 9202.JP -- ANA HOLDINGS, Nippon Yusen further extend effective date of share exchange offer for Nippon Cargo Airlines to 1-Jul from 23-May

    • 9101.JP -- Nippon Yusen further extends effective date of share exchange offer for Nippon Cargo Airlines to 1-Jul from 23-May

    • 300765.CH -- FDA grants fast-track designation for CSPC Innovation Pharmaceutical unit's SYS6010 for Nsq-NSCLC

    • 7595.JP -- Argo Graphics board opposes all proposals filed by Ascender Capital for OGM on 19-Jun

    • 4023.JP -- Kureha guides interim dividend ¥108/share and final dividend ¥108/share for FY25

    • 005940.KS -- NH Investment & Securities Co. completes 3.4M-share buyback

    • 2726.JP -- PAL GROUP Holdings 2.5M-share secondary offering sets selling price at ¥3,550/share

    • 010780.KS -- IS DONGSEO completes KRW10.00B buyback

    • 388.HK -- Hong Kong Exchanges & Clearing appoints Hui Leung Wah Herbert as group CFO, effective 9-Jun

    • 2883.TT -- KGI Financial Holdings reports Q1 EPS NT$0.52; StreetAccount notes the year-ago figure was NT$0.49

    • 532313.IN -- Mahindra Lifespace Developers approves three-for-eight right share issuance at issue price INR257/share, raising up to INR14.96B

    • 533272.IN -- Jupiter Wagons reports Q4 consolidated EPS INR2.44 vs year-ago INR2.56

  • On Deck:

    • China:

      • Economic:

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

        • 09:30 CST: 1 Year and 5Y Loan Prime Rate; consensus 10 bp cut

    • Hong Kong:

      • Earnings:

        • ZTO Express (2057.HK)

    • Japan:

      • Earnings:

        • Sompo (8630.JP), MS&AD Insurance (8725.JP), Tokio Marine Holdings (8766.JP)

    • Australia:

      • Economic:

        • 14:30 AEST: RBA Official Cash Rate; consensus +3.85%

      • Earnings:

        • OFX Group (OFX.AU), Catapult Group International (CAT.AU), James Hardie Industries (JHX.AU), Nufarm (NUF.AU)

    • New Zealand:

      • Earnings:

        • Argosy Property (ARG.NZ), Napier Port Holdings (NPH.NZ)

    • India:

      • Earnings:

        • Zydus Lifesciences (532321.IN), Gujarat State Fertilizers & Chemicals (500690.IN), Solar Industries India (532725.IN), Fortis Healthcare (532843.IN), NHPC Ltd (533098.IN), Aster DM Healthcare (540975.IN), Max Healthcare Institute (543220.IN), Laxmi Organic Industries (543277.IN)

  • Market Data:

    • Gold (Jun 25): ($8.40) or (0.26%) to $3225.10

    • WTI Crude (Jun 25): +$0.06 or +0.10% to $62.75

    • $-¥: (0.68) or (0.46%) to 144.9660

    • $-KRW: (10.20) or (0.73%) to 1388.5600

    • A$-$: +0.01 or +0.78% to 0.6453

    • $-INR: (0.22) or (0.26%) to 85.3770

    • $-CNY: +0.00 or +0.06% to 7.2139

  • 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
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