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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.11%), Hang Seng Futures (0.30%), ASX SPI 200 (0.15%), S&P Futures (0.45%)

Jul 13 ,2025

  • Synopsis:

    • Asia equities poised for a soft open Monday. Futures in Japan, Hong Kong and Australia traded mildly lower. Japan ADRs were skewed to declines Friday while Nasdaq Golden Dragon China index fell 0.43%. US contracts reopened notably weaker Monday, extending losses in Friday's cash session that capped off the first decline in S&P 500 in three weeks. Tech leads were on the negative side; SOX index fell 0.21%, Mag 7 mostly firmer though broader Big Tech group mostly lower. Treasuries were weaker Friday with curve steepening; long-end yields up 8-10 bp. Dollar index was up 0.2% with some strength on the yen cross. Gold finished up 1.2%. Bitcoin futures up 4%, above $118K at fresh record high. WTI crude settled up 2.8%, recouping Thursday's 2.7% drop.

    • Tariffs remain the primary theme after Trump on Saturday threatened EU and Mexico with a 30% levy effective 1-Aug. Added this would be separate from sectoral tariffs. White House Economic Advisor Hassett affirmed Trump sees current EU concessions as insufficient. Talks appear set to continue for now as EU extended its suspension of countermeasures to the same deadline though policymakers bracing for a 'no deal' scenario. Latest developments add to list of notifications from Trump, including a 35% rate on Canada last week and 50% on copper. Prompted further discussions of diminishing market sensitivity to Trump headlines. Next key macro event set to be Tuesday's US CPI, corresponding to Fed Chair Powell's need for more information for resuming rate cuts and talk of a higher bar for further gains in US Treasuries after recent Fed repricing and positive performance in H1.

    • Accordingly, regional macro focus still mostly about gauging tariff effects. Upcoming data releases from China to feature customs trade (tentative), as well as Q2 GDP and June activity data Tuesday. Latest consensus forecasts look for GDP growth of 5.1% y/y, following 5.4% in the prior quarter that would leave the annual trajectory above the government target of about 5% though H2 uncertainties persist and risks mostly skewed to the downside. Still, outlook remains somewhat better than the period preceding the US-China talks in Geneva. Japan counting down to the 20-Jul upper house election and corporate earnings season later in the month, where tariffs stand to be a key theme.

  • Pre-open Company News:

    • 2899.HK -- Zijin Mining Group guides H1 net income attributable CNY23.2B vs year-ago CNY15.1B

    • 1088.HK -- China Shenhua Energy guides H1 net income attributable CNY25.6-27.6B vs year-ago restated CNY31.36B

    • 1088.HK -- China Shenhua Energy reports June coal production 27.6Mt vs year-ago 28.0Mt

    • 600309.CH -- Wanhua Chemical Group completes CNY500M buyback, total shares repurchased 9.3M

    • 688008.CH -- Montage Technology guides H1 net income attributable CNY1.10-1.20B vs year-ago CNY593.2M

    • 002939.CH -- China Great Wall Securities guides H1 net income attributable CNY1.33-1.41B vs year-ago CNY721.5M

    • 600909.CH -- HuaAn Securities guides H1 net income attributable CNY1.04B vs year-ago CNY714.2M

    • 600109.CH -- Sinolink Securities guides H1 net income attributable CNY1.09-1.14B vs year-ago CNY454.9M

    • 600021.CH -- Shanghai Electric Power guides H1 net income attributable CNY1.75-2.09B vs year-ago CNY1.33B

    • 600021.CH -- Shanghai Electric Power reports H1 electricity generation 37.85B kWh, +5.5% y/y

    • 600925.CH -- Jiangsu Xukuang Energy GM Zhang Zhiyuan steps down due to work rearrangement, effective immediately

    • 9636.HK -- JF SmartInvest Holdings guides H1 net income attributable CNY830-870M vs year-ago (CNY174.2M)

    • 2598.HK -- Lianlian DigiTech launches 38.4M-shares H share placement at HK$10.25/share through CICC and Deutsche Bank

    • 1274.HK -- iMotion Automotive Technology launches 15.5M-shares H share placement at HK$15.22/share through Macquarie and CCB International

    • 500330.IN -- Raymond FY24-25 business responsibility and sustainability report

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Export Y/Y; consensus +4.8%

        • 08:00 CST: M2 NSA Y/Y; consensus +8.5%

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

        • 08:00 CST: Import Y/Y; consensus +0.7%

        • 08:00 CST: New Yuan Loans; consensus

        • 08:00 CST: Trade Balance NSA; consensus +$111B

    • Japan:

      • Economic:

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

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

      • Earnings:

        • IDOM Inc (7599.JP), Sakata Seed (1377.JP), Create SD Holdings (3148.JP), create restaurants holdings (3387.JP), Sansan (4443.JP)

    • India:

      • Earnings:

        • Ola Electric Mobility (544225.IN), Tejas Networks (540595.IN)

    • Singapore:

      • Economic:

        • 08:00 SST: GDP NSA Y/Y (Preliminary); consensus +3%

  • Market Data:

    • Gold (Aug 25): +$19.90 or +0.59% to $3383.90

    • WTI Crude (Aug 25): +$0.04 or +0.06% to $68.49

    • $-¥: (0.10) or (0.07%) to 147.3200

    • $-KRW: (1.00) or (0.07%) to 1378.1600

    • A$-$: (0.00) or (0.11%) to 0.6573

    • $-INR: (0.01) or (0.01%) to 85.8213

    • $-CNY: (0.00) or (0.01%) to 7.1676

  • 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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