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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.19%), Hang Seng Futures +0.11%, ASX SPI 200 (0.15%), S&P Futures (0.02%)

Jun 05 ,2025

  • Synopsis:

    • Asian markets set for quiet start to Friday trade. Futures signaling muted opens in Japan, Hong Kong and Australia. S&P 500 futures flat after US indexes ended lower amid fallout from Trump-Musk feud. Australian bonds weakening following earlier Treasury curve bear flattening. FX markets little changed with dollar flat against majors. Crude little changed after easing overnight. Gold also steady. Bitcoin down to one-month low.

    • Trump and Xi spoke by phone with Trump characterizing call as a positive. China state media offered more guarded take, pointing out call was initiated at Trump's request. Also stressed need to increase cooperation, reduce misunderstandings and for US to remove negative measures. Rare earths were a key aspect of recent flareup in tensions though Trump commented Geneva trade agreement is in good shape. Added that USTR Greer, Commerce Secretary Lutnick and Treasury Secretary Bessent will lead next round of talks shortly.

    • In other trade headlines, Japan's top negotiator Ryosei Akazawa heads to US for fifth round of talks after he reiterated demand for removal of tariffs. Vietnam holding third round of talks in early June with Nikkei noting authorities pledged efforts to combat transshipment of Chinese goods, which has been a key US complaint. Treasury Department's semiannual FX report concluded no country manipulated its currency but singled out China over lack of transparency.

    • On the economic calendar, US nonfarm payrolls forecast to show deceleration in headline jobs growth and unchanged unemployment rate last month. Some economists flagged downside risks from tariff impact on some sectors. Also follows Wednesday's ADP payrolls data that came in significantly below expectations and drove dovish repricing of Fed rate path. RBI expected to reduce interest rates by another 25 bp in keeping with its accommodative policy stance, as tariffs continue to cloud outlook and inflation continues moderating trend.

  • Pre-open Company News:

    • 2303.TT -- United Microelectronics reports May revenue NT$19.48B, (0.2%) y/y

    • 6178.JP -- Japan Post Holdings receives hearing notification from MLIT for incident of unperformed roll calls

    • 539150.IN -- PNC Infratech trades +9.3%; post call optimism lifts sentiment

    • JPMorgan upgrades 003550.KS, 028260.KS, 034730.KS

    • 8276.JP -- HEIWADO CO. upgraded to outperform from neutral at Daiwa

    • 3008.TT -- LARGAN Precision reports May revenue NT$3.24B, (7.1%) y/y

    • 6446.TT -- PharmaEssentia reports May revenue NT$1.18B, +49.2% y/y

    • 6274.TT -- Taiwan Union Technology reports May revenue NT$2.14B, +10.1% y/y

    • 600276.CH -- NMPA approves phase Ib/II trial of Hengrui Pharmaceuticals's combination treatment of SHR-A1811, adebrelimab, famitinib malate for solid tumors

    • 2354.TT -- Foxconn Technology reports May revenue NT$14.75B, +249.7% y/y

    • 2633.TT -- Taiwan High Speed Rail reports May revenue NT$4.55B, +5.6% y/y

    • 1996.HK -- Redsun Properties Group reports May contracted sales CNY460M; StreetAccount notes the year-ago figure was CNY723M

    • CPCA issues preliminary May China national passenger vehicle analysis

    • 2007.HK -- Country Garden Holdings guides FY attributable contracted sales CNY30-40B - Guandian, citing AGM (12:26 HKT)

    • 2408.TT -- Street Takeaways - Nanya Technology May revenue and recent DDR4 price recovery

  • On Deck:

    • Japan:

      • Economic:

        • 08:30 JST: Real Household Income Y/Y; consensus

        • 08:30 JST: Real Household Consumption Expenditure Y/Y; consensus

        • 08:50 JST: FX Reserves M/M; consensus

        • 14:00 JST: Leading Index (Preliminary); consensus

      • Earnings:

        • Kanamoto (9678.JP)

    • Australia:

      • Economic:

        • 11:30 AEST: Building Approvals SA M/M; consensus (1%)

  • Market Data:

    • Gold (Aug 25): +$6.80 or +0.20% to $3381.90

    • WTI Crude (Jul 25): ($0.17) or (0.27%) to $63.20

    • $-¥: +0.72 or +0.50% to 143.5020

    • $-KRW: (7.43) or (0.55%) to 1354.5500

    • A$-$: +0.00 or +0.23% to 0.6507

    • $-INR: (0.02) or (0.03%) to 85.8776

    • $-CNY: (0.01) or (0.14%) to 7.1750

  • 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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MAY LOSE VALUE
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