Nov 02 ,2025
Synopsis:
Asian markets set for mixed start to Monday trade. Futures signaling small opening gain in Hong Kong while ASX opens with mild decline. Japan closed for public holiday. S&P 500 futures advancing after index capped off third straight weekly gain. Australian yield curve steepening, in-line with Treasury weakness on Friday. FX markets steady after dollar index rose to three-month high. Crude strengthening after OPEC+ agreed to pause output hikes in Q1 2026. Gold hovering around $4K. Bitcoin unchanged.
Nothing particularly incremental on from weekend trade developments. White House factsheet fleshed out details of Trump-Xi trade truce but no major surprises other than perhaps revelation China to also halt prior rare earths export curbs. Beijing to also halt probes into US semiconductor firms. Underlying frictions remain after Bessent said China has been an unreliable partner. Elsewhere, Japan PM Takaichi said she has no plans to renegotiate Japan's $550B US investment pledge.
Central bank meetings continue this week with RBA (Tues) expected to leave cash rate unchanged following hot Q3 CPI. Smattering of data with Asia PMIs (Mon) coming after key manufacturing nations saw factory activity shrink further in September. China RatingDog manufacturing PMI (Mon) forecast to show declaration, in-line with official gauge. China trade, South Korea CPI, Japan wage and household spending data among this week's other data releases. Also shapes as a busy week of Japan earnings with SoftBank, Nintendo, and four major autos reporting.
Pre-open Company News:
000625.CH -- Chongqing Changan Automobile reports October vehicle production 285,380 units, +17.9% y/y
TVN.AU -- Tivan Limited and Sumitomo sign Molyhil Project MoU
9973.HK -- Chery Automobile reports October sales volume 263,466, +2% vs year-ago 258,900
5E2.SP -- Seatrium to sell indirect wholly-owned subsidiary, Guanabara Navegação Ltda to Posidonia Shipping for $59.7M (~SG$77.4M)
ME8U.SP -- Mapletree Industrial Trust downgraded to sell from neutral at UBS
2162.HK -- Keymed Biosciences initiated buy at Goldman Sachs
601127.CH -- SERES Group reports October vehicle production 56,038, +33.9% y/y
300558.CH -- Betta Pharmaceuticals obtains exclusive distribution rights for cultured human coagulation factor VIII-Fc fusion protein for injection FRSW117 from Gensciences
002594.CH -- BYD Co. reports October vehicle production volume 429,808 units vs year-ago 536,134 units
2454.TT -- MediaTek downgraded to neutral from buy at Goldman Sachs
600745.CH -- White House releases fact sheet on China trade deal; China to ensure resumption of legacy chip exports from Nexperia China
500690.IN -- Gujarat State Fertilizers & Chemicals appoints Manoj Kumar Das, chief secretary of Government of Gujarat as chairman, effective 1-Nov
000270.KS -- Kia Corp. upgraded to buy from neutral at BofA
On Deck:
South Korea:
Earnings:
GS Engineering & Construction (006360.KS), S-Oil Corp (010950.KS), Pan Ocean (028670.KS), HYUNDAI ROTEM (064350.KS), SK bioscience Co. (302440.KS), Ecopro BM (247540.KS)
Australia:
Economic:
11:30 AEST: Building Approvals SA M/M; consensus
India:
Earnings:
Tata Consumer Products (500800.IN), 3M India (523395.IN), JK Paper (532162.IN), City Union Bank (532210.IN), Ajanta Pharma (532331.IN), Titan (500114.IN), Kansai Nerolac Paints (500165.IN), Westlife Foodworld (505533.IN), Timken India (522113.IN), Bharti Airtel (532454.IN), Power Grid Corp. of India (532898.IN), Hitachi Energy India (543187.IN), AWL Agri Business (543458.IN), Bharti Hexacom (544162.IN), ACME Solar Holdings (544283.IN)
Indonesia:
Economic:
11:00 SAST: CPI NSA Y/Y; consensus +2.6%
Singapore:
Earnings:
NetLink NBN Trust (CJLU.SP)
Thailand:
Earnings:
Thai Union Group Public (TU.TB)
Market Data:
Gold (Dec 25): +$9.10 or +0.23% to $4005.60
WTI Crude (Dec 25): +$0.41 or +0.67% to $61.39
$-¥: +0.21 or +0.14% to 154.2210
$-KRW: (1.02) or (0.07%) to 1428.2000
A$-$: (0.00) or (0.10%) to 0.6541
$-INR: +0.01 or +0.01% to 88.7683
$-CNY: (0.00) or (0.01%) to 7.1164
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