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StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.16%), Hang Seng Futures (0.37%), ASX SPI 200 +0.23%, S&P Futures (0.10%)

Jun 11 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Thursday trade. Futures signaling mild opening declines in Japan and Hong Kong, and modest gains in Australia. S&P 500 futures declining afterhours. Australian bonds strengthening, taking cues from earlier Treasury curve bull steepening. Dollar continuing to weaken against majors. Crude and gold adding to overnight gains on geopolitical tensions. Bitcoin little changed following earlier pullback.

    • Trump confirmed US and China agreed on framework for implementing Geneva deal. Export controls at center of recent dispute with Trump saying China would supply them up front and that US would allow Chinese students. However, media reports also noted China imposed six-month limit on rare-earth export licenses in effort to hold leverage if trade dispute reignite. US also opposed to relaxing curbs on exports of advanced semiconductors, while lack of details was seen prolonging uncertainty surrounding prospects of lasting de-escalation.

    • Cooler-than-expected US CPI drove a fall in short-end Treasury yields as markets priced in greater likelihood of a second Fed rate cut in 2025. Geopolitics another focus after US ordered partial evacuations of Middle East embassies amid threats from Tehran and reports Israeli ready to strike Iran. In trade developments outside of US-China, Treasury Secretary Bessent and Trump both noted openness to extending July reciprocal tariff deadline if countries negotiating in good faith (though Trump also repeated threat to unilaterally impose tariff rates).

  • Pre-open Company News:

    • 8129.JP -- 3D Investment Partners notes Glass Lewis recommends Toho Holdings shareholders vote "AGAINST" the re-appointment of CEO Hiromi Edahiro at AGM

    • 601618.CH -- Metallurgical Corp. of China reports Jan-May new contracts signed CNY396.01B, (22.2%) y/y

    • 1961.MK -- IOI Corp. reports May crop output figures

    • VFS -- VinFast Auto reports preliminary May domestic deliveries of 11,496 EVs - 6-K

    • XNET -- Xunlei announces Investee company completes IPO on Shanghai Stock Exchange STAR Market

    • Shenzhen Kedali Industry, Suzhou Veichi Electric, Zhejiang Yilun Machinery and Shanghai Kepler form joint venture to develop humanoid robots

    • 002709.CH -- Guangzhou Tinci Materials Technology signs $280M investment agreement with Morocco for lithium plant

    • 000883.CH -- Hubei Energy Group reports May power generation 3.48B KWh, +2.3% y/y

    • 1877.HK -- Shanghai Junshi Biosciences obtains NMPA approval for clinical trial of monkeypox vaccine JT118

    • 1308.HK -- SITC International Holdings initiated buy at Changjiang Securities (timing uncertain)

    • 600499.CH -- Keda Industrial Group initiated buy at Northeast Securities (timing uncertain)

    • TPIA.IJ -- The Siam Cement Public's SCG Chemicals is preparing to cut stake in Chandra Asri Pacific by 10.6%

  • On Deck:

    • China:

      • Economic:

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

    • Hong Kong:

      • Earnings:

        • Chow Tai Fook Jewellery Group (1929.HK)

    • Japan:

      • Earnings:

        • Kobe Bussan (3038.JP), Visional (4194.JP)

    • Australia:

      • Economic:

        • 11:00 AEST: Consumer Inflation Expectation; consensus

      • Earnings:

        • Cettire (CTT.AU)

  • Market Data:

    • Gold (Aug 25): +$41.30 or +1.24% to $3385.00

    • WTI Crude (Jul 25): +$0.46 or +0.67% to $68.61

    • $-¥: (0.63) or (0.44%) to 144.2570

    • $-KRW: +0.46 or +0.03% to 1366.6800

    • A$-$: (0.00) or (0.21%) to 0.6509

    • $-INR: (0.09) or (0.10%) to 85.4613

    • $-CNY: +0.00 or +0.06% to 7.1923

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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.
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