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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.23%, Hang Seng Futures +0.05%, ASX SPI 200 +0.31%, S&P Futures +0.05%

Jul 10 ,2025

  • Synopsis:

    • Asian markets set for cautious start to Friday trade. Futures signaling opening gains in Japan and Australia, and flat start in Hong Kong. S&P 500 futures unchanged afterhours. Australian bonds weaker with curve bear steepening. Treasuries little changed overnight with yields off highs following well-received 30Y auction. Dollar index extended pullback from earlier high. Crude recouping losses in aftermath of OPEC trimming near-term demand forecasts. NY copper continues to consolidate following Tuesday spike to record high. Gold steady. Bitcoin extending rally to new record high.

    • Quiet on trade front with markets seemingly moving beyond Trump letters (Brazil the notable exception) and focused more on off-ramps after Trump extended deadline to 1-Aug. Press continued to highlight efforts by Asian nations to organize trade talks with India and SE Asian delegations reportedly visiting Washington in coming days. Elsewhere, EU-China tensions continue to simmer ahead leaders' summit later this month after two sides traded accusations over rare earths access.

    • Quiet session ahead with economic calendar empty ahead of China loan figures. AI tailwind in focus overnight following strong TSMC June sales and NVDA market cap moving further above record $4T. Market continues to parse Fed commentary after Governor Waller reiterated view on cutting interest rates, SF Fed's Daly repeated her views on two rate cuts this year while St. Louis' Musalem cautioned tariff impact uncertain. In other developments, Bloomberg reported JP Morgan weighing reducing weighing of China and India in its EM index.

  • Pre-open Company News:

    • 1164.HK -- CGN Mining initiated overweight at Northeast Securities (timing uncertain)

    • 066970.KS -- L&F Co. sets up a subsidiary for LFP business with KRW200B capital

    • 2207.TT -- Hotai Motor reports June consolidated revenue NT$19.17B, (18.0%) y/y

    • MBS.VN -- MB Securities reports Q2 net income VND221.05B, +2% vs year-ago VND216.72B

    • 2618.TT -- EVA Airways reports June revenue NT$18.54B, (4.5%) y/y

    • 1795.TT -- Lotus Pharmaceutical reports June revenue NT$1.04B, (6.3%) y/y

    • 600732.CH -- Shanghai Aiko Solar Energy guides H1 net income attributable (CNY280.0-170.0M) vs year-ago (CNY1.74B)

    • 2382.HK -- Sunny Optical Technology (Group) reports June optical handset lens set shipments 95.1M, (12.7%) y/y

    • 1177.HK -- Sino Biopharmaceutical's new indication application for Culmerciclib Capsule (TQB3616) accepted by NMPA

    • 3818.HK -- China Dongxiang (Group) releases sustainability report

    • 603379.CH -- Zhejiang Sanmei Chemical Industry guides H1 net income attributable CNY947.6M-1.042B, +147-171.67% y/y

    • 241.HK -- Alibaba Health Information Technology releases sustainability report

    • 3813.HK -- Pou Sheng International (Holdings) reports June revenue CNY1.18B, (16.4%) y/y

    • 2610.TT -- China Airlines reports June revenue NT$16.89B, (3.8%) y/y

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: M2 NSA Y/Y; consensus

        • 08:00 CST: New Yuan Loans; consensus

        • 08:00 CST: Loan Growth Y/Y; consensus

    • Japan:

      • Earnings:

        • Tama Home (1419.JP), Bic Camera (3048.JP), Doutor Nichires Holdings (3087.JP), COSMOS Pharmaceutical (3349.JP), KOMEDA Holdings (3543.JP), Rorze Corp (6323.JP), Ryohin Keikaku (7453.JP), AEON Co. (8267.JP)

    • India:

      • Earnings:

        • Avenue Supermarts (540376.IN)

  • Market Data:

    • Gold (Aug 25): +$9.00 or +0.27% to $3334.70

    • WTI Crude (Aug 25): +$0.28 or +0.42% to $66.85

    • $-¥: (0.16) or (0.11%) to 146.1780

    • $-KRW: (1.43) or (0.10%) to 1372.6400

    • A$-$: +0.01 or +0.91% to 0.6590

    • $-INR: +0.03 or +0.03% to 85.7348

    • $-CNY: (0.01) or (0.08%) to 7.1743

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