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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.31%, Hang Seng Futures 0.00%, ASX SPI 200 +0.26%, S&P Futures (0.03%)

May 22 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Friday trade. Futures signaling opening gains in Japan and Australia, and flat start in Hong Kong. S&P 500 futures unchanged afterhours. Australian and New Zealand bonds rebounding after Treasuries firmed following recent yield backup. Dollar steady on major crosses after partially recouping declines on Thursday. Crude extending losses following latest report ofanother ramp in OPEC+ production in July. Gold little changed. Bitcoin flat after making another record high.

    • Speaking at G7, BOJ Governor Ueda refrained from commenting on JGB turbulence, noting only central bank will keep close eye on the market. Follows Thursday remarks from board member Noguchi downplaying need for major changes to tapering plan and that intervention should be reserved only for severe disruption. Underwhelming 20Y auction heightened attention on backup in long-dated JGB yields this week with strategists debating drivers including government funding needs, QT, elevated inflation and positioning/technicals.

    • Somewhat better news on trade front after Commerce Secretary Lutnick talked up expectations of trade deals over the summer. Comes as Japan's top trade negotiator Ryosei Akazawa begins third round of trade talks with US from Friday. No details on what will be discussed with Akazawa having reiterated Japan's demands for elimination of all tariffs. Reuters sources this week noted Japan mulling offer of increased corn and soybean purchases, cooperation on shipbuilding and revising imported vehicle inspection standards.

    • In economic news, Japan April CPI showed core inflation rose by more than expected to highest since Jan-2023. New Zealand Q1 retail sales unexpectedly experienced another quarter of growth. In other developments, G7 finance ministers meeting communique made scant mention of tariffs while making only vague reference to impact of 'de minimis' Chinese goods imports. White House's chief economist rejected notion US seeking to insert FX pledges in trade deals and backed strong dollar policy.

  • Pre-open Company News:

    • 601669.CH -- Power Construction Corporation of China reports Jan-Apr new contract value CNY386.49B, (4.9%) y/y

    • 601117.CH -- China National Chemical Engineering reports Jan-Apr new contracts CNY123.02B; StreetAccount notes the year-ago figure was CNY150.81B

    • 035720.KS -- Kakao launches KRW50.18B convertible note due May-28

    • 3918.HK -- NagaCorp chairman Timothy McNally to retire, effective 30-Jun

    • 688578.CH -- NMPA approves marketing of Allist Pharmaceuticals's Glecirasib for adults with KRAS G12C-mutant NSCLC who have received at least one type of systemic therapy

    • 600031.CH -- Sany Heavy Industry files for Hong Kong IPO through CITIC Securities

    • FLX -- BingEx reports Q1 Non-GAAP net income CNY49.6M vs year-ago CNY64.6M

    • 8869.MK -- Press Metal Aluminium Holdings reports Q1 EPS 5.6sen vs year-ago 5.0sen

    • 8869.MK -- Press Metal Aluminium Holdings declares interim DPS2.00sen; StreetAccount notes year-ago figure was 1.75sen

    • 000630.CH -- Tongling Nonferrous Metals Group GM Liang Hong Liu resigns due to work adjustments, effective immediately

    • BS6.SP -- Yangzijiang Shipbuilding (Holdings) business update: YTD order book $23.2B vs $24.4B as of 31-Dec

    • F83.SP -- COSCO Shipping International (Singapore) appoints Zhang Jie as CFO and CRO, effective immediately

    • 2445.MK -- Kuala Lumpur Kepong reports Q2 EPS 14.0sen vs year-ago 10.8sen

    • 1672.HK -- Ascletis Pharma receives FDA clearance of IND application for phase I trial for ASC50 for treatment of PSORIASIS

  • On Deck:

    • China:

      • Economic:

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

    • Hong Kong:

      • Earnings:

        • Tongcheng Travel Holdings (780.HK)

    • New Zealand:

      • Economic:

        • 10:45 NZST: Retail Sales Q/Q; consensus

    • India:

      • Earnings:

        • JSW Steel (500228.IN), Ashok Leyland (500477.IN), AIA Engineering (532683.IN), Devyani International (543330.IN), Gujarat Narmada Valley Fertilizers & Chemicals (500670.IN), Finolex Industries (500940.IN), Balkrishna Industries (502355.IN), Glenmark Pharmaceuticals (532296.IN), Aditya Birla Fashion & Retail (535755.IN), Narayana Hrudayalaya (539551.IN), Anupam Rasayan India (543275.IN), Cello World (544012.IN)

    • Singapore:

      • Earnings:

        • SATS Ltd. (S58.SP)

  • Market Data:

    • Gold (Jun 25): +$4.90 or +0.15% to $3299.90

    • WTI Crude (Jul 25): ($0.46) or (0.75%) to $60.74

    • $-¥: +0.19 or +0.13% to 143.8700

    • $-KRW: +6.36 or +0.46% to 1381.3400

    • A$-$: (0.00) or (0.40%) to 0.6410

    • $-INR: +0.37 or +0.44% to 85.9749

    • $-CNY: +0.00 or +0.01% to 7.2033

  • 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:
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