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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.69%), Hang Seng Futures +0.35%, ASX SPI 200 (0.07%), S&P Futures (0.10%)

Jun 30 ,2025

  • Synopsis:

    • Asia equities poised to open mostly lower Tuesday. Futures in Japan and Australia were lower. Hang Seng traded firmer though Nasdaq Golden Dragon China index fell. US contracts marginally softer after broad-based moderate gains across the major benchmarks. Tech leads were on the positive side with SOX index little changed though Big Tech mostly higher. Treasuries were firmer with yield curve flattening. Dollar index down 0.6%. Gold finished up 0.6%. Bitcoin futures up 0.4%. WTI crude settled down 0.6%.

    • Overnight narrative was largely upbeat after S&P 500 and Nasdaq posted new record closes with the best quarterly performance in over a year. Tariff optimism was restored after US-Canada trade talks moved back on track and supported further by signs of progress in US-EU negotiations ahead of the 9-Jul deadline. Growing Fed rate cut expectations have provided the key directional driver, partly fueled by Trump scrutiny of Powell. Next focus on Thursday's employment report; consensus forecasts pointing to a softer labor market and disappointment would bolster rate cut expectations further. Yet still a lot of questions about the global outlook, making discussions about stretched valuations relevant.

    • Meanwhile, Asia urgency on trades deals relatively elevated due to limited progress. Following ongoing debate over auto tariffs, Trump criticized imbalance in rice trade with Japan and indicated the administration will simply send a letter to set final terms. NEC Director Hassett signaled several agreements would be announced after US Independence Day with current priority on passing the tax bill through Congress before the holiday. White House indicated US nearing deals with India and other countries ahead of the deadline but with no specifics. South Korea resumed trade talks in earnest after the presidential election though officials uncertain whether Trump will grant an extension of the tariff pause.

    • On the macro calendar, main event set to be June BOJ Tankan survey which will provide the first comprehensive picture of Japanese business activity in the wake of US tariff announcements. Headline large manufacturer business conditions expected to soften for the second straight quarter though FY25 capex projections still seen solid. China Caixin manufacturing PMI predicted to show a slower contraction in June that was confirmed in yesterday's official series. South Korea exports projected to rebound in June based on strength in partial month data, though seemed to reflect front-loading ahead of the US tariff pause expiry in July.

  • Pre-open Company News:

    • 010130.KS -- Korea Zinc Co. releases sustainability report

    • 500420.IN -- Torrent Pharma +1.8%, JB Chemicals (6.4%); Strategic fit with muted/negative near-term EPS effect

    • 506943.IN -- Follow-up: Torrent Pharmaceuticals discloses presentation in relation to acquisition of JB Chemicals & Pharmaceuticals; deal expected to be completed in fifteen to eighteen months

    • 000810.KS -- Samsung Fire & Marine Insurance Co. releases ESG report 2025

    • 300720.KS -- Hanil Cement releases sustainability report

    • 021240.KS -- COWAY Co. releases sustainability report

    • 336260.KS -- Doosan Fuel Cell releases sustainability report

    • 010060.KS -- OCI Holdings releases sustainability report

    • 316140.KS -- Woori Financial Group releases sustainability report

    • 069620.KS -- Daewoong Pharmaceutical releases sustainability report

    • 004490.KS -- SEBANG GLOBAL BATTERY releases sustainability report

  • On Deck:

    • Japan:

      • Economic:

        • 08:50 JST: Tankan Large Manufacturing Index NSA; consensus

        • 08:50 JST: Tankan Large Non-Manufacturing Index NSA; consensus

      • Earnings:

        • Arclands (9842.JP)

    • South Korea:

      • Economic:

        • 11:00 KST: Trade Balance NSA; consensus +$7.6B

        • 11:00 KST: Import NSA Y/Y; consensus +4.8%

        • 11:00 KST: Export NSA Y/Y; consensus +4.6%

    • Indonesia:

      • Economic:

        • 11:00 SAST: CPI NSA Y/Y; consensus +1.9%

  • Market Data:

    • Gold (Aug 25): +$13.70 or +0.41% to $3321.40

    • WTI Crude (Aug 25): ($0.15) or (0.23%) to $64.96

    • $-¥: (0.77) or (0.53%) to 143.8850

    • $-KRW: (10.45) or (0.77%) to 1353.9900

    • A$-$: +0.00 or +0.74% to 0.6577

    • $-INR: +0.12 or +0.14% to 85.6299

    • $-CNY: (0.01) or (0.13%) to 7.1631

  • 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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