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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.24%, Hang Seng Futures +0.05%, ASX SPI 200 +0.36%, S&P Futures (0.01%)

Sep 03 ,2025

  • Synopsis:

    • Asian markets set for cautious start to Thursday trade. Futures pointing to small opening gains in Japan and Australia, and flat start in Hong Kong. S&P 500 futures flat following tech-led strength overnight in wake of GOOGL antitrust resolution. Australian bonds rebounding following downshift in Treasury yields. FX markets steady with dollar little changed on major crosses. Crude holding near lows following report OPEC+ will consider new round of supply hikes. Gold pulling back from record high with silver also weaker. Bitcoin flat near one-week high.

    • Rate stabilization offered some reprieve for markets overnight following recent backup in yields on combination of deficit and supply concerns. Wednesday bond market rebound followed weak JOLTS report that promoted narrative of softening labor market leading into Friday's nonfarm payrolls data. Market also processed latest dovish remarks from Fed Governor Waller while Musalem, Bostic, and Kashkari all referenced labor-market risks. Market eyeing at least two rate cuts in 2025 with September reduction fully priced in.

    • Japan 30Y bond auction scheduled this afternoon after yield hit record high on Wednesday in-line with global bond market selloff. Country-specific dynamics also at play with Japan political uncertainty and opposition for push for stimulus dovetailing with expectations of elevated issuance, exacerbating supply pressures as BOJ balance sheet normalization continues. Auction comes on back of this week's 10Y sale that drew strongest demand since Oct-2023. Demand at prior month's 30Y auction was in-line with 12M average.

  • Pre-open Company News:

    • 688536.CH -- 3peak Inc initiated overweight at Northeast Securities

    • 2695.JP -- Kura Sushi reports August same-store sales +9.2% y/y

    • 2408.TT -- Nanya Technology reports August revenue NT$6.76B, +141.3% y/y

    • 600104.CH -- SAIC Motor upgraded to buy from overweight at Everbright Securities

    • China August stock market trading turnover CNY47.872T vs month-ago CNY37.034T

    • 9284.JP -- Hulic Co. extends tender offer for Canadian Solar Infrastructure Fund to 18-Sep from 3-Sep

    • 502219.IN -- Borosil Renewables reports Q1 consolidated EPS INR1.86 ex-items vs year-ago (INR0.99)

    • 315.HK -- SmarTone Telecommunications Holdings reports FY net income attributable HK$478.9M, +2% vs year-ago HK$470.1M

    • 291.HK -- China Resources Beer (Holdings) re-designates president Zhao Chunwu as chairman, effective today; Zhao will also be interim president

    • 7250.JP -- Effissimo Capital discloses 5.5% stake in Pacific Industrial

    • 2627.HK -- Ab&B Bio-Tech obtains NMPA new drug application for quadrivalent subunit influenza vaccine for individuals aged 6 to 35 months

    • 534816.IN -- Indus Towers Africa foray seen as offering limited upside, dividend overhang persists; trades (1.8%)

  • On Deck:

    • Hong Kong:

      • Earnings:

        • Sun Hung Kai Properties (16.HK)

    • Japan:

      • Earnings:

        • Sekisui House (1928.JP)

    • Australia:

      • Economic:

        • 11:30 AEST: Trade Balance on Goods; consensus

    • Malaysia:

      • Economic:

        • 03:00 EST: BN Overnight Policy Rate; consensus +2.8%

    • Thailand:

      • Economic:

        • 07:00 SAST: CPI NSA Y/Y; consensus (0.9%)

  • Market Data:

    • Gold (Dec 25): ($23.20) or (0.64%) to $3612.30

    • WTI Crude (Oct 25): ($0.19) or (0.30%) to $63.78

    • $-¥: (0.31) or (0.21%) to 148.0460

    • $-KRW: (6.16) or (0.44%) to 1389.6300

    • A$-$: +0.00 or +0.52% to 0.6540

    • $-INR: +0.04 or +0.04% to 88.0731

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

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