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StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.03%), Hang Seng Futures +0.30%, ASX SPI 200 +0.14%, S&P Futures +0.07%

Jul 21 ,2025

  • Synopsis:

    • Asian markets set for muted start to Tuesday trade. Futures signaling flat start in Japan, and mild initial gains in Hong Kong and Australia. S&P 500 futures unchanged following quiet Monday session. Australian bond yields tracking overnight Treasury curve bull flattening. Dollar steady after retreating towards one-week low, weakest against yen. Crude and gold little changed. Bitcoin unable to sustain earlier advance.

    • Japan market resumes trade following upper house election that saw ruling coalition lose its majority. Political and policy uncertainty viewed as broad overhang on assets. Strategist takeaways highlighted potential for continued upward pressure in bond yields amid concerns about deficit impact from looser fiscal policies advocated by opposition parties. Yen views leaning bearish with strategists highlighting drags from increased fiscal risks while PM Ishiba's weakened political hand seen diminishing prospects of Japan securing relief from 25% tariffs.

    • Nothing incremental on trade less than two weeks to 1-Aug tariff deadline. Press highlighted dimming likelihood of US-EU deal with bloc preparing retaliatory measures and US eyeing baseline tariff of 15% or higher. Taiwan, which has avoided tariff letter so far, to hold more talks with US this week having voiced cautious of hopes of an agreement. South Korea and Japan officials also expected in Washington with auto tariffs a longstanding sticking point. Separately, Treasury Secretary Bessent said trade with China in "good place" but indicated next round of talks may involve Beijing's purchases of sanctioned Russian and Iranian crude.

  • Pre-open Company News:

    • 500124.IN -- StreetAccount Consensus Metrics Preview - Dr. Reddy's Laboratories Q1 Earnings

    • 500800.IN -- StreetAccount Consensus Metrics Preview - Tata Consumer Products Q1 Earnings

    • 532541.IN -- StreetAccount Consensus Metrics Preview - Coforge Q1 Earnings

    • 500048.IN -- BEML Ltd board approves 2-for-1 stock split/sub-division of shares

    • 532538.IN -- UltraTech Cement reports Q1 consolidated profit after tax INR22.21B vs StreetAccount INR22.60B

    • 600795.CH -- GD Power Development reports Q2 power generation 105,809 GWh, (1.6%) y/y

    • 688249.CH -- Nexchip Semiconductor guides H1 net income attributable CNY260.0-390.0M vs year-ago CNY187.0M

    • 600009.CH -- Shanghai International Airport completes buyback programme for 8.4M shares totalling CNY286.3M

    • 300294.CH -- China Resources Boya Biopharma completes sale of 80% stake in Boya Xinhe for CNY158.2M

    • 500116.IN -- IDBI Bank reports Q1 standalone EPS INR1.87 vs year-ago INR1.60

    • 500116.IN -- Follow up: IDBI Bank reports Q1 net interest income INR31.66B, (2%) vs year-ago INR32.33B

    • 1357.HK -- Meitu Inc guides H1 adjusted net income +65-72% y/y; implied guidance is CNY450.1-469.2M vs year-ago CNY272.8M

    • 600566.CH -- Hubei Jumpcan Pharmaceutical completes CNY25-50M share buyback announced in July 2024

  • On Deck:

    • Hong Kong:

      • Earnings:

        • ASMPT (522.HK)

    • Japan:

      • Earnings:

        • KOMERI CO. (8218.JP)

    • South Korea:

      • Earnings:

        • HD Hyundai Electric (267260.KS)

    • Australia:

      • Earnings:

        • Qoria (QOR.AU)

    • India:

      • Earnings:

        • Colgate-Palmolive (India) (500830.IN), Vardhman Textiles (502986.IN), Zensar Technologies (504067.IN), Zee Entertainment Enterprises (505537.IN), CreditAccess Grameen (541770.IN), United Breweries (532478.IN), KEI Industries (517569.IN), Mahanagar Gas (539957.IN), Dalmia Bharat (542216.IN), Indian Railway Finance (543257.IN), Shyam Metalics & Energy (543299.IN)

    • Malaysia:

      • Economic:

        • 00:00 EST: CPI NSA Y/Y; consensus +1.2%

    • Singapore:

      • Earnings:

        • Aztech Global (8AZ.SP), Hutchison Port Holdings Trust (NS8U.SP)

  • Market Data:

    • Gold (Aug 25): +$8.80 or +0.26% to $3415.20

    • WTI Crude (Aug 25): ($0.07) or (0.10%) to $67.13

    • $-¥: (1.38) or (0.93%) to 147.4490

    • $-KRW: (9.38) or (0.67%) to 1381.8200

    • A$-$: (0.00) or (0.17%) to 0.6525

    • $-INR: +0.04 or +0.05% to 86.1953

    • $-CNY: (0.00) or (0.04%) to 7.1750

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