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StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.73%), Hang Seng Futures (0.71%), ASX SPI 200 (0.19%), S&P Futures (0.27%)

Jun 17 ,2025

  • Synopsis:

    • Asian markets set for negative start to Wednesday trade. Futures signaling opening declines in Japan, Hong Kong and Australia. S&P 500 futures extending losses afterhours. Australian bonds rebounding after Treasury yields reversed lower overnight. Dollar steady after rising to one-week high. Crude continuing to push higher amid ongoing Middle East tensions. Gold flat. Bitcoin extending pullback from Tuesday's highs.

    • Market remains highly sensitive to geopolitical developments with latest reports noting Trump weighing whether to participate in strikes against Iranian nuclear facilities, including Fordow facility buried deep underground. Trump wrapped up National Security Council meeting Tuesday after earlier calling for Iran's 'unconditional surrender.' Lot of about possible Iranian retaliation to US strikes, including potential attacks on US forces in Middle East. NY Times sources also noted Iran could mine Strait of Hormuz {which could have implications for crude exports).

    • Fed expected to leave interest rates unchanged at Wednesday's meeting. SEP will get most attention, with several analysts expecting 2025 median dot to shift to one expected 25bp cut (from two in March). Previews generally see growth forecasts trending lower amid tariff impacts. Statement seen noting risks of higher inflation and unemployment "remain elevated" and uncertainty "remains high," Chair Powell expected to reiterate uncertainties around trade policy, and that Fed is well positioned to await greater clarity before adjusting rates.

  • Pre-open Company News:

    • 600415.CH -- Zhejiang China Commodities City Group initiated buy at SWS Research (timing uncertain)

    • 601006.CH -- Daqin Railway GM Hang Hong Chen retires, effective immediately

    • HUT.VN -- Tasco JSC completes 5:1 rights offer at VND10,000/share issuing 178.5M shares

    • 6110.HK -- Topsports International Holdings releases ESR report

    • 688520.CH -- Sinocelltech Group obtains NMPA clinical trial approval for SCTB39-1 injection in treatment of advanced solid malignant tumors

    • 543965.IN -- TVS Supply Chain Solutions holder TVS Motor discloses acquisition of 5M shares

    • 2782.JP -- Seria Co. to repurchase up to 12.6M shares, mostly comprising shares to be bought back from Hiro Corp. at ¥2,000/share through tender offer

    • 500093.IN -- CG Power and Industrial Solutions wins INR6.41B 765kV transformers contract from Power Grid Corporation of India

    • vHong Kong stock connect daily turnover

    • 1585.HK -- Yadea Group Holdings guides H1 net income not less than CNY1.60B vs year-ago CNY1.03B

    • 1605.TT -- Walsin Lihwa places 19.6M new shares to Winbond Electronics at NT$19/share to raise NT$373.3M

    • 2602.JP -- The Nisshin OilliO Group to conduct off-auction share repurchase of up to 500K shares at ¥4,690/share tomorrow

    • 688120.CH -- Hwatsing Technology chairman and general manager Wang Tongqing proposes company to conduct CNY50-100M share buyback

  • On Deck:

    • Japan:

      • Economic:

        • 08:50 JST: Core Machinery Orders ex-Electric Power Companies & Ships SA M/M; consensus (10.9%)

        • 08:50 JST: Trade Balance NSA (Preliminary); consensus +¥1.08T

        • 08:50 JST: Import NSA Y/Y (Preliminary); consensus (0.1%)

        • 08:50 JST: Export NSA Y/Y (Preliminary); consensus +0.1%

  • Market Data:

    • Gold (Aug 25): +$1.50 or +0.04% to $3408.40

    • WTI Crude (Jul 25): +$0.55 or +0.73% to $75.39

    • $-¥: +0.63 or +0.43% to 145.3800

    • $-KRW: +20.40 or +1.50% to 1379.6700

    • A$-$: (0.01) or (0.88%) to 0.6472

    • $-INR: +0.35 or +0.41% to 86.3549

    • $-CNY: +0.00 or +0.06% to 7.1840

  • 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.
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