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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.24%, Hang Seng Futures +0.35%, ASX SPI 200 +0.60%, S&P Futures (0.13%)

Jul 14 ,2025

  • Synopsis:

    • Asia equities poised for a firmer open Tuesday. Futures in Japan, Hong Kong and Australia traded moderately higher. Japan ADRs were mixed while Nasdaq Golden Dragon China index advanced. US contracts reopened lower, retracing mild cash session gains in a generally uneventful session. Tech leads on the softer side with SOX index lower while Mag 7 and broader Big Tech group mixed. Treasuries unchanged to slightly weaker. Dollar index up 0.3%. Gold finished down 0.2%. Bitcoin futures up 1.4%, off best levels but still above $120K. WTI crude finished down 2.2%, reversing premarket strength, after gaining 2%+ last week. Copper ended off 0.9% after surging nearly 9% last week on tariff developments.

    • Market narrative mostly noted the unremarkable price action overnight despite Trump's threats of 30% tariffs on EU and Mexico. Modest upside in equities lent more credence to the TACO dynamic, backed up by Trump's subsequent qualifications that he is open to EU talks. However, press discussions highlighted challenges toward an EU deal. Furthermore, market strength prompting increasing discussion of potential market complacency where concerns are discouraging buying conviction. On upcoming risk events, Q2 earnings came into view alongside elevated attention on upcoming US CPI.

    • Regional macro developments mostly surrounded China data. Yesterday's releases of exports and credit were better than expected and takeaways generally benign with market expectations for policy stimulus fading while growth momentum remains relatively resilient against external turbulence. On the margins, attention went to a PBOC press briefing where Deputy Governor Zou Lan said they will closely monitor the impact of previously implemented easing while reaffirming its moderately loose policy stance. Also reiterated denials that China is seeking competitive yuan depreciation, continuing to push back against market speculation. Main event set to be China GDP and activity data -- consensus looks for Q2 GDP growth of 5.1% y/y which would leave H1 above the government target of around 5%, though June activity data expected to soften.

  • Pre-open Company News:

    • 532755.IN -- StreetAccount Consensus Metrics Preview - Tech Mahindra Q1 Earnings

    • 600925.CH -- Jiangsu Xukuang Energy guides H1 net income attributable CNY85.7-102.8M vs year-ago CNY944.5M

    • 601162.CH -- Tianfeng Securities guides H1 net income attributable CNY28-33M vs year-ago (CNY324M)

    • 036460.KS -- Korea Gas reports June sales volume 2.0Mt vs year-ago 2.3Mt

    • 603712.CH -- TianJin 712 Communication & Broadcasting Co. guides H1 net income attributable (CNY100.0-145.0M) vs year-ago CNY66.9M

    • 600958.CH -- Orient Securities guides H1 net income attributable CNY3.25-3.60B vs year-ago CNY2.11B

    • 600456.CH -- Baoji Titanium appoints Zhang Hai as general manager, effective today

    • 603858.CH -- Shandong Buchang Pharmaceuticals guides H1 net income attributable CNY488.0-708.0M vs year-ago CNY231.4M

    • 002624.CH -- Perfect World guides H1 net income attributable CNY480.0-520.0M vs year-ago (CNY176.9M)

    • 000831.CH -- China Rare Earth Resources & Technology guides H1 net income attributable CNY136.3-176.3M vs year-ago (CNY244.4M)

    • 002244.CH -- Hangzhou Binjiang Real Estate Group guides H1 net income attributable CNY1.63-1.98B vs year-ago CNY1.17B

    • 000960.CH -- Yunnan Tin guides H1 net income attributable CNY1.02-1.12B vs year-ago CNY799.8M

    • 600588.CH -- Yonyou Network Technology guides Q2 net income attributable (CNY139.2-239.2M) vs FactSet (CNY735.8M) [1 est]

    • 000970.CH -- Beijing Zhong Ke San Huan High-Tech guides H1 net income attributable CNY35.0-52.0M vs year-ago (CNY72.3M)

    • 6655.HK -- Huaxin Cement guides H1 net income attributable CNY1.10-1.13B vs year-ago CNY730.6M

  • On Deck:

    • China:

      • Economic:

        • 10:00 CST: GDP NSA Y/Y; consensus +5.05%

        • 10:00 CST: Industrial Output NSA Y/Y; consensus +5.5%

        • 10:00 CST: Retail Sales NSA Y/Y; consensus +5%

    • Japan:

      • Economic:

        • 13:30 JST: Retail Sales NSA Y/Y (Final); consensus

      • Earnings:

        • Money Forward (3994.JP), West Holdings (1407.JP), Pasona Group (2168.JP), Ichigo (2337.JP), DIP Corp (2379.JP), BayCurrent Inc (6532.JP), Shochiku (9601.JP), Toho Co (9602.JP)

    • India:

      • Earnings:

        • ICICI Prudential Life Insurance (540133.IN), ICICI Lombard General Insurance (540716.IN), AWL Agri Business (543458.IN), HDB Financial Services (544429.IN), Network18 Media & Investments (532798.IN), Just Dial (535648.IN)

    • Thailand:

      • Earnings:

        • TISCO Financial Group Public (TISCO.TB)

  • Market Data:

    • Gold (Aug 25): ($5.80) or (0.17%) to $3353.30

    • WTI Crude (Aug 25): ($0.01) or (0.01%) to $66.97

    • $-¥: +0.42 or +0.29% to 147.8420

    • $-KRW: +2.85 or +0.21% to 1382.0100

    • A$-$: (0.00) or (0.57%) to 0.6542

    • $-INR: +0.14 or +0.16% to 85.9684

    • $-CNY: (0.00) or (0.03%) to 7.1663

  • 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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