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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.05%, Hang Seng Futures 0.00%, ASX SPI 200 +0.24%, S&P Futures +1.04%

May 26 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Tuesday trade. Not much in way of leads with US markets closed Monday for Memorial Day holiday. Futures signaling muted opens in Japan, Hong Kong and Australia. S&P 500 futures remain higher with US markets resuming trade Tuesday. Australian and New Zealand bonds strengthening further. FX markets unchanged following broad dollar weakness on Monday. Crude steady while gold nursing mild losses. Bitcoin little changed.

    • Overnight European market strength attributed mostly to Trump extending EU tariff deadline to 9-Jul and EU promising to fast-track negotiations. Development welcomed by markets though there remains uncertainty around prospect of deals being struck by 9-Jul and looming threat of tariffs reverting to higher levels for countries that are unable to reach agreements. Trump has also threatened additional sectoral tariffs on products such as semiconductors and pharmaceuticals.

    • BOJ Governor Ueda slated to remark later Tuesday in speech titled "New Challenges for Monetary Policy." Comes after Ueda last week reiterated outlook remains extremely uncertain due to tariffs. China industrial profits also due out with sector recently weighed down by deflationary pressures and trade war impact. Very quiet otherwise. However, some key events coming up this week, including FOMC meeting minutes (Wed), expected RBNZ (Wed) and BOK (Thurs) rate cuts, and NVDA earnings (Wed).

  • Pre-open Company News:

    • 6110.HK -- Street Takeaways - Topsports International Holdings FY earnings

    • 6532.JP -- BayCurrent Inc completes up to 470K-share buyback

    • 3076.JP -- Ai Holdings guides FY net income attributable ¥21.31B vs prior guidance ¥17.81B and FactSet ¥23.60B [1 est]

    • 2267.JP -- Yakult Honsha reports April domestic sales volume of Yakult series (7.9%) y/y

    • 8793.JP -- SBI Shinsei Bank to launch tender offer for 10.2% stake in NEC Capital Solutions at ¥3,750/share

    • 3690.HK -- Meituan reports Q1 adjusted net income CNY10.95B vs FactSet CNY9.45B

    • 532497.IN -- Radico Khaitan initiated buy at Motilal Oswal Securities

    • 658.HK -- China High Speed Transmission Equipment did not seek board approval for provision, assignment of CNY250M loan in 2024 to connected party Fullshare

    • 543524.IN -- Rainbow Children's Medicare upgraded to buy at Centrum Broking

    • 600276.CH -- NMPA approves trial of Hengrui Pharmaceuticals's SHR-4712 for advanced solid tumors

    • 688032.CH -- Hoymiles Power Electronics signs CNY1.0B contract for distributed photovoltaics system maintenance

    • 2696.HK -- European Commission grants orphan-drug designation to Henlius Biotech unit Henlius Europe for HLX22 for gastric cancer

    • 532702.IN -- Gujarat State Petronet downgraded to neutral from add at YES Securities

    • 532644.IN -- J.K. Cement upgraded to accumulate from sell at Dolat Capital Markets

  • On Deck:

    • Hong Kong:

      • Earnings:

        • Link REIT (823.HK)

    • Australia:

      • Earnings:

        • Goodman Group (GMG.AU)

    • New Zealand:

      • Earnings:

        • Infratil (IFT.NZ), SmartPay Holdings (SPY.NZ)

    • India:

      • Earnings:

        • Procter & Gamble Hygiene & Health Care (500459.IN), Info Edge India (532777.IN), Gujarat Fluorochemicals (542812.IN), E.I.D.-Parry (India) (500125.IN), JK Lakshmi Cement (500380.IN), Bosch Ltd (500530.IN), NMDC Ltd (526371.IN), Triveni Engineering & Industries (532356.IN), MedPlus Health Services (543427.IN)

  • Market Data:

    • Gold (Jun 25): ($18.50) or (0.55%) to $3347.30

    • WTI Crude (Jul 25): ($0.08) or (0.13%) to $61.45

    • $-¥: +0.14 or +0.10% to 142.7090

    • $-KRW: +2.56 or +0.19% to 1368.2700

    • A$-$: (0.00) or (0.00%) to 0.6482

    • $-INR: (0.04) or (0.04%) to 85.1583

    • $-CNY: +0.01 or +0.07% to 7.1859

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