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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.08%, Hang Seng Futures +0.60%, ASX SPI 200 +0.54%, S&P Futures (0.22%)

Jun 12 ,2025

  • Synopsis:

    • Asian markets set for positive start to Friday trade. Futures signaling opening gains in Hong Kong and Australia, and flat start in Japan. S&P 500 futures retreating afterhours. Australian bonds rallying, taking cues from Treasury curve bull flattening overnight. Dollar steady against majors after falling back to early April lows. Crude swinging higher amid elevated Middle East tensions. Gold flat. Bitcoin extending declines towards one-week low.

    • Trade headlines leaning a little hawkish after Trump mused about raising 25% auto tariffs to strengthen domestic manufacturing. Talks with Japan, India and EU also said to be challenging going into G7 leaders' summit this weekend, where Trump is expected to hold bilateral meetings in bid to move talks forward. Also limited traction from US-China framework agreement with discussions since having turned to export controls (particularly on rare earths) as risk to global supply chains.

    • Rate downshift aided by Treasury 30Y auction that was met with solid demand. Softer inflation prints contributed to pullback in yields after US PPI came in weaker than expected and saw markets back to pricing in two Fed rate cuts in 2025. Pickup in Fed rate cut expectations a factor behind dollar extending recent retreat to post-Liberation Day lows. Dollar weakness also tying into longstanding Trump 2.0 policy uncertainty and deficit concerns as headwinds on the US exceptionalism trade narrative.

    • Not much on in way of economic data. China May credit data tentatively scheduled for today with consensus looking rebound in new loans and pickup in M2 money growth following Geneva tariff truce. Overnight, India inflation fell to more than six-year low in May, backing RBI's 50 bp rate cut this month. University of Michigan surveys due out later on Friday, following recent ramp in tariff-related inflation expectations and slide in consumer sentiment.

  • Pre-open Company News:

    • 000050.CH -- Tianma Microelectronics chairman Peng Xuhui, GM Cheng Wei resign due to work adjustment, effective immediately

    • 9706.JP -- Japan Airport Terminal board resolves to implement measures to prevent future violation of firm's basic compliance guidelines

    • 2382.HK -- Sunny Optical Technology (Group) reports May optical handset lens set shipments 98.1M, (5.2%) y/y

    • 1929.HK -- Chow Tai Fook Jewellery Group reports FY net income attributable HK$5.92B vs FactSet HK$5.60B [21 est, HK$5.10-6.34B]

    • 8830.JP -- Sumitomo Realty & Development clarifies media report: Not considering selling 19 office buildings

    • F9D.SP -- Boustead Singapore to undertake strategic review of Singapore logistics and industrial assets

    • China May railway passenger turnover 137.35B passenger-km, +7.6% y/y

    • 303.HK -- VTech Holdings releases sustainability report

    • 2005.HK -- SSY Group receives NMPA approvals for Tranexamic Acid and Sodium Chloride Injection, Levocarnitine Oral Solution

    • 500325.IN -- Asian Paints holder Reliance Industries discloses disposal of 35M shares at INR2,201/share

    • 000543.CH -- An Hui Wenergy controlling shareholder Anhui Province Energy Group to buy CNY75-150M worth of shares on market within 3 months

    • M44U.SP -- Mapletree Logistics Trust completes divestment of 8 Tuas View Square property; deal announced 16-Jan

    • New China Life Insurance, China Life Insurance to set up CNY22.5B investment fund

  • On Deck:

    • Japan:

      • Economic:

        • 13:30 JST: Industrial Production SA M/M (Final); consensus

      • Earnings:

        • Kura Sushi (2695.JP), Mitsui High-tec (6966.JP), H.I.S. (9603.JP)

  • Market Data:

    • Gold (Aug 25): +$1.70 or +0.05% to $3404.10

    • WTI Crude (Jul 25): +$0.58 or +0.85% to $68.62

    • $-¥: (1.25) or (0.86%) to 143.3490

    • $-KRW: (13.15) or (0.96%) to 1357.0500

    • A$-$: +0.00 or +0.44% to 0.6530

    • $-INR: +0.24 or +0.28% to 85.6883

    • $-CNY: (0.02) or (0.29%) to 7.1723

  • 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".

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