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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.07%, Hang Seng Futures (0.40%), ASX SPI 200 (0.17%), S&P Futures +0.36%

Sep 17 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Thursday trade. Futures signaling mild opening losses in Hong Kong and Australia, and flat start in Japan. S&P 500 futures gaining afterhours. Australian bond market weakness mirroring losses in Treasuries while front-end New Zealand yields moving lower on soft GDP data. Dollar strongest against kiwi, steady elsewhere after DXY managed small gain following Fed decision. Crude little changed while gold extending earlier pullback. Bitcoin pushing back up to four-week high.

    • Fed's 25 bp rate cut was widely expected though some thought that backup in bond yields a reflection of market disappointment rate path not as aggressive as 100 bp of easing that was being priced in over next year. Fed offered more pessimistic assessment on labor market though Chair Powell also described policy decision as "risk management cut" amid lingering risks surrounding inflation. Revealed no widespread support for 50bp cut and that Fed is in "meeting-by-meeting" situation with decisions to be guided by incoming data.

    • NVDA's pullback the other notable development following reports Beijing ordered tech firms to stop buying its chips, including latest model being designed for China. Development comes amid tensions over technology after China accused NVDA of violating anti-monopoly laws and US officials rejected Beijing's demands for full removal of tariffs and export controls. While NVDA underperformed, losses in other Mag 7 names were relatively mild with rotational flows also attributed for the weakness following post-Fed backup in bond yields.

    • In economic developments New Zealand Q2 GDP shrunk by more than economists and RBNZ had projected. Reflected broad-based weakness in manufacturing, construction and services, as tariffs, subdued consumer confidence and tepid housing market weigh on demand. Dovish reaction to data, which reinforced market expectations of further rate cuts by year-end. Coming up, Australia labor market data forecast to show unchanged unemployment rate and steady jobs growth.

  • Pre-open Company News:

    • Japan August estimated foreign visitor arrivals 3.4M, +16.9% y/y

    • 1336.HK -- New China Life Insurance reports Jan-Aug premium income of CNY158.09B, +21% y/y

    • 600276.CH -- NMPA includes Hengrui Pharmaceuticals's HRS-5635 in breakthrough therapy list for chronic hepatitis B

    • 600276.CH -- NMPA includes Hengrui Pharmaceuticals's marketing application for SHR-A1811 in priority review list for HER2-positive adult breast cancer

    • 2408.TT -- Nanya Technology reports August EPS NT0.26/share, +208.3% y/y

    • IVN.CN -- Ivanhoe Mines to make 57.5M-share private placement at C$12/share to Qatar Investment Authority

    • StreetAccount Macro Headlines:

    • 500228.IN -- JSW Steel to acquire additional economic interest in M Res NSW for $60M (INR5.27B)

    • 300122.CH -- Chongqing Zhifei Biological Products's unit Chenan Biopharm obtains NMPA clinical trial approval for CA111 injection in overweight or obese adults

    • 600521.CH -- Zhejiang Huahai Pharmaceutical obtains US FDA approval for phase I clinical trial of HB0043 injection for treatment of hidradenitis suppurativa

    • 532648.IN -- Sumitomo Mitsui Financial Group's Sumitomo Mitsui Banking Corp to buy 4.2% stake in Yes Bank from Carlyle affiliate

    • 003240.KS -- Truston files appeal against court's dismissal of Truston's injunction against Taekwang Industrial's exchangeable bond issuance

    • China Jan-Aug government land sale revenue CNY1.926T, (4.7%) y/y

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Foreign Direct Investment Y/Y; consensus

    • Hong Kong:

      • Earnings:

        • Aux Electric (2580.HK)

    • Japan:

      • Economic:

        • 08:50 JST: Core Machinery Orders ex-Electric Power Companies & Ships SA M/M; consensus (1.4%)

    • Australia:

      • Economic:

        • 11:30 AEST: Unemployment Rate; consensus 4.2%

        • 11:30 AEST: Employment SA; consensus +21K

  • Market Data:

    • Gold (Dec 25): ($13.10) or (0.35%) to $3704.70

    • WTI Crude (Oct 25): +$0.08 or +0.12% to $64.13

    • $-¥: +0.38 or +0.26% to 146.8420

    • $-KRW: (0.08) or (0.01%) to 1378.6900

    • A$-$: (0.00) or (0.42%) to 0.6654

    • $-INR: (0.01) or (0.02%) to 87.9108

    • $-CNY: (0.01) or (0.16%) to 7.1027

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".

DEPOSITARY RECEIPTS:
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MAY LOSE VALUE
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