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StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.39%), Hang Seng Futures +0.15%, ASX SPI 200 (0.42%), S&P Futures +0.15%

Sep 02 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Wednesday trade. Futures signaling opening declines in Japan and Australia, and muted start in Hong Kong. S&P 500 futures up slightly afterhours. Australian bonds little changed after Treasuries came under pressure on Tuesday. FX markets steady after dollar strengthened against majors. Crude steady after rallying to one-month high. Gold hit another record high with silver at 14-year peak. Bitcoin rebounded from two-month low.

    • Negative leads for Asia from downbeat session in US, where risk off sentiment was tabbed to backup in bond yields driven by fiscal pressures, US appeals court ruling against reciprocal tariffs prolonging trade uncertainty, seasonality with September the worst month for stocks, and AI scrutiny amid recent focus on capex bubble and China competition concerns. Across Asia, China stockmarket rally inviting doubts about sustainability amid surge in liquidity and margin trades.

    • President Trump said not considering lowering 50% tariffs on India though trade talks still ongoing according to India's commerce minister. Trump's claim India offered to reduce tariffs to "nothing" also interpreted as signal both sides keeping communication lines open. US envoy to NATO said Trump avoiding secondary tariffs on China over Russian crude purchases to allow room for negotiations to continue. White House tightened tech export controls by revoking waiver for TSMC (2330.TT) allowed them to ship chipmaking equipment to China, mirroring action taken against Samsung Electronics (005930.KS) and SK Hynix (000660.KS).

    • On economic front, South Korea Q2 GDP revised up on preliminary read that showed growth rebounded on export front-loading. Australia Q2 GDP expected to show growth recovered slightly from Q1's subdued pace, though leaving annual pace below RBA's trend estimate. In political developments, Japan PM Ishiba vowed to stay on as leader after LDP upper house election review stressed need for reset while stopping short of assigning personal blame to Ishiba.

  • Pre-open Company News:

    • 3563.JP -- Food & Life Companies reports August same-store sales +14.8% y/y

    • 9926.HK -- Akeso Inc completes patient enrollment in Phase III clinical trial in China for Ivonescimab as first-line treatment for biliary tract cancer compared to PD-L1 therapy

    • 914.HK -- Anhui Conch Cement downgraded to sell at UBS

    • 002648.CH -- Satellite Chemical completes buyback programme for 12.1M shares totalling CNY217.8M

    • 600482.CH -- China Shipbuilding Industry Group Power GM Shi Jun resigns due to work arrangements, effective immediately

    • 4503.JP -- Astellas Pharma downgraded to market perform from outperform at Bernstein

    • 1686.HK -- SUNeVision Holdings reports FY net income attributable HK$979.4M vs FactSet HK$1.01B [5 est, HK$930-1.13B]

    • 7581.JP -- Saizeriya reports August existing store net sales +19.3% y/y

    • F9D.SP -- Boustead Singapore updates on strategic review: Applications made for a proposed REIT IPO on SGX

    • 601228.CH -- Guangzhou Port reports August container throughput 2.3M TEUs, +1.2% y/y

    • 9866.HK -- NIO Inc reports Q2 adjusted EPADS(CNY1.85) vs FactSet (CNY2.22) [7 est, (CNY2.96)-(1.66)]

    • 1672.HK -- Ascletis Pharma to present 28-day multiple ascending dose study results of ASC30 at 61st EASD annual meeting

  • On Deck:

    • Hong Kong:

      • Earnings:

        • SmarTone Telecommunications Holdings (315.HK)

    • Australia:

      • Economic:

        • 11:30 AEST: GDP Y/Y; consensus +1.6%

        • 11:30 AEST: GDP SAAR Q/Q; consensus +2%

        • 11:30 AEST: GDP SA Q/Q; consensus +0.5%

  • Market Data:

    • Gold (Dec 25): +$3.40 or +0.09% to $3595.60

    • WTI Crude (Oct 25): $0.00 or 0.00% to $65.59

    • $-¥: +1.48 or +1.01% to 148.5300

    • $-KRW: +5.70 or +0.41% to 1394.6700

    • A$-$: (0.00) or (0.37%) to 0.6516

    • $-INR: (0.16) or (0.19%) to 87.9982

    • $-CNY: (0.00) or (0.01%) to 7.1298

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