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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +1.35%, Hang Seng Futures +0.23%, ASX SPI 200 +0.60%, S&P Futures +0.10%

May 27 ,2025

  • Synopsis:

    • Asian markets set for positive start to Wednesday trade. Futures signalling opening gains in Japan, Hong Kong and Australia. S&P 500 futures flat following Tuesday's risk-on session. Australian and New Zealand bonds strengthening following overnight Treasury curve flattening. FX markets steady after dollar rebounded against yen. Crude off earlier lows. Gold little changed after retreating 2% on Tuesday. Bitcoin erasing overnight gains.

    • Wednesday's 40Y JGB auction in spotlight following recent focus on long-end yield backup and accompanying concerns around fiscal deficits, inflation and BOJ QT. Bond markets seeing some reprieve this week amid speculation Japan's MoF may dial back issuance of super-long bonds. Nikkei reported that ahead of meeting with primary dealers on 20-Jun, MoF sent questionnaire Monday gauging views on issuance and current market situation, sparking speculation about adjustment of superlong issuance.

    • On economic front, RBNZ expected to reduce OCR by 25 bp to 3.25% at Wednesday's meeting. Pickup up global growth headwinds due to tariffs and US-China trade war seen as main downside risks to New Zealand growth and inflation outlook. Central bank expected to retain its easing bias. Updated OCR track will get usual attention with economists looking for lower terminal rate, implying at least one more rate cut through 2025. Elsewhere, Australian April CPI forecast to show slight moderation in inflation.

    • In corporate developments, media sources noted Nippon Steel (5401.JP) expected to close acquisition of US Steel (X) at original offer of $55 per share. US lawmaker said government will receive golden share in US Steel as condition of approval. PDD Holdings (PDD) reported top and bottom line miss, reflecting trade war impact and competitive pressures in China. Group also flagged hit to profitability from price adjustments. NVDA to report Wednesday post-US close with analysts flagging mixed takeaways given macro, US/China trade uncertainty, ongoing DeepSeek overhang.

  • Pre-open Company News:

    • 500228.IN -- Street Takeaways - JSW Steel Q4 earnings

    • 543330.IN -- Street Takeaways - Devyani International Q4 Earnings

    • 532777.IN -- Info Edge India reports Q4 standalone EPS ex-items INR3.81 vs FactSet INR4.16 [7 est, INR3.93-4.49]

    • 6055.JP -- Japan Material to acquire all shares of ASKA Electric; terms undisclosed

    • 603786.CH -- Keboda Technology to buy Integrated Micro-Electronics Czech Republic for €9.4M (CNY76.8M)

    • 8129.JP -- Toho Holdings holder: 3D Investment Partners recommends shareholders vote against reappointment of CEO and certain directors

    • 542812.IN -- Gujarat Fluorochemicals reports Q4 consolidated EPS INR17.39 vs FactSet INR14.37 [3 est, INR12.00-16.50]

    • 002384.CH -- Dongshan Precision cuts issue price for placement to CNY11.17/share from CNY11.24/share

    • 002714.CH -- Muyuan Foods files for Hong Kong IPO through Morgan Stanley, CITIC Securities, Goldman Sachs

    • 532439.IN -- Olectra Greentech says SPV EVEY Trans's 5,150 Electric Buses order from MSRTC is under process

    • 9995.HK -- NMPA approves marketing of RemeGen's Telitacicept combined with conventional therapies for adults with AChR gMG

    • 1024.HK -- Kuaishou Technology reports Q1 adjusted net income CNY4.58B vs FactSet CNY4.47B

    • 002294.CH -- Shenzhen Salubris Pharmaceuticals obtains NMPA drug registration approval for sacubitril/Ilisartan calcium tablets for treatment of essential hypertension

    • 2390.HK -- Zhihu, Inc. reports Q1 adjusted net income CNY6.9M vs year-ago (CNY135.7M)

  • On Deck:

    • Hong Kong:

      • Earnings:

        • OneConnect Financial Technology (6638.HK), Johnson Electric Holdings (179.HK)

    • Australia:

      • Earnings:

        • Aroa Biosurgery (ARX.AU), Select Harvests (SHV.AU)

    • New Zealand:

      • Earnings:

        • Goodman Property Trust (GMT.NZ)

    • India:

      • Earnings:

        • MMTC Ltd (513377.IN), Granules India (532482.IN), RHI Magnesita India Refractories (534076.IN), Nuvama Wealth Management (543988.IN), Bata India (500043.IN), Steel Authority of India (500113.IN), Finolex Cables (500144.IN), Cummins India (500480.IN), Deepak Nitrite (506401.IN), ELGI Equipments (522074.IN), NATCO Pharma (524816.IN), Balaji Amines (530999.IN), Welspun (532144.IN), Birlasoft (532400.IN), Indian Railway Catering & Tourism (542830.IN), TVS Supply Chain Solutions (543965.IN)

    • Malaysia:

      • Earnings:

        • Telekom Malaysia (4863.MK), Axiata Group (6888.MK)

  • Market Data:

    • Gold (Jun 25): +$6.80 or +0.21% to $3307.20

    • WTI Crude (Jul 25): +$0.33 or +0.54% to $61.22

    • $-¥: +1.60 or +1.12% to 144.1650

    • $-KRW: +9.09 or +0.67% to 1374.8000

    • A$-$: (0.00) or (0.57%) to 0.6445

    • $-INR: +0.17 or +0.20% to 85.3606

    • $-CNY: +0.01 or +0.19% to 7.1946

  • 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