Nov 03 ,2025
Synopsis:
Asian markets set for cautious start to Tuesday trade. Futures signaling muted starts in Japan and Hong Kong. ASX down slightly in initial trade. S&P 500 futures flat afterhours. Australian bonds unchanged ahead of RBA meeting. Treasuries little changed to a touch weaker overnight. Dollar firming against Aussie, steady elsewhere. Crude and gold unchanged following lackluster Monday price action. Bitcoin steady near mid-October lows.
Another round of high-profile AI updates overnight included OpenAI agreeing to $38B multiyear deal with AMZN, giving ChatGPT maker access to Amazon's data centers, MSFT agreed to 7-year $15.2B investment in UAE data centers after securing NVDA chip export approval. GOOGL raising ~ $22B through debt in latest tech borrowing push to fund AI expansion plans. Reporting after US market close, PLTR guided Q4 revenue above expectations, accelerating demand for AI and data analytics products.
In economic developments, RBA expected to leave cash rate unchanged at 3.60%. Rate cut expectations evaporated following hot Q3 CPI print, which is likely to prompt a near-term upgrade to CPI forecasts. Some interest in whether Governor Bullock still sees case for another rate cut amid recent inflation upswing (market not pricing next rate cut until May 2026). South Korea CPI rose by more than expected last month with data seen weakening near-term case for rate cut with inflation above BOK forecasts.
Pre-open Company News:
002340.CH -- GEM Co. to sell 100% of shares in Jiangxi Green Recycling for CNY280.0M
543187.IN -- Hitachi Energy India reports Q2 net profit INR2.64B vs FactSet INR1.81B [6 est, INR1.44-2.25B]
532210.IN -- Follow up: City Union Bank reports Q2 net interest income INR6.67B vs FactSet INR6.33B
522113.IN -- Timken India reports Q2 net profit after tax INR894.7M vs FactSet INR944.7M [3 est, INR895-997M]
VVPR -- VivoPower International announces Heads of agreement with KWeather
508869.IN -- StreetAccount Consensus Metrics Preview - Apollo Hospitals Enterprise Q2 Earnings
1818.HK -- Zhaojin Mining signs MOU with Ant Digital to jointly explore overseas gold assets tokenization
600166.CH -- Beiqi Foton Motor reports October vehicle sales 56,617 units vs year-ago 56,053 units
200550.CH -- Jiangling Motors reports October vehicle production 33,669, +5.81% y/y
SEBI approves Meesho's IPO via fresh issuance and offer for sale
^ASIAREADS -- StreetAccount Asia Reads
505533.IN -- Westlife Foodworld CFO Hrushit Shah resigns, effective 4-Nov
VCS.VN -- Vicostone reports Q3 net income attributable VND134.61B, (17%) vs year-ago VND161.95B
532321.IN -- Zydus Lifesciences to consider raising funds up to INR50.00B at 6-Nov board meeting
4502.JP -- Takeda Pharmaceutical completes 7-year pivotal phase 3Tetravalent Immunization against Dengue Efficacy Study trial evaluating its dengue vaccine QDENGA
On Deck:
Japan:
Earnings:
LY Corp. (4689.JP), Hino Motors (7205.JP), Tokyo Seimitsu (7729.JP), Daiwa Securities (8601.JP), NTT, Inc. (9432.JP), NH Foods (2282.JP), Itoham Yonekyu Holdings (2296.JP), Sumitomo Chemical (4005.JP), Sumitomo Bakelite (4203.JP), Kissei Pharmaceutical (4547.JP), HIROSE ELECTRIC (6806.JP), Yokogawa Electric (6841.JP), Yamaha (7951.JP), Nintendo (7974.JP), Marubeni (8002.JP), Paltac (8283.JP), West Japan Railway (9021.JP), Mitsui O.S.K. Lines (9104.JP)
South Korea:
Earnings:
KUMHO TIRE (073240.KS), LX Semicon (108320.KS), KRAFTON (259960.KS), kakaopay (377300.KS), NAVER (035420.KS), ECOPRO (086520.KS), ISC Co. (095340.KS), Hugel (145020.KS), Kakao Games (293490.KS), KakaoBank (323410.KS), SK Biopharmaceuticals Co. (326030.KS), ECOPRO Materials (450080.KS)
Australia:
Economic:
14:30 AEST: RBA Official Cash Rate; consensus +3.6%
Earnings:
Goodman Group (GMG.AU)
India:
Earnings:
Whirlpool of India (500238.IN), Mahindra & Mahindra (500520.IN), Adani Enterprises (512599.IN), K.P.R. Mill (532889.IN), Adani Ports & Special Economic Zone (532921.IN), InterGlobe Aviation (539448.IN), Garden Reach Shipbuilders & Engineers (542011.IN), Brookfield India Real Estate Trust (543261.IN), Chemplast Sanmar (543336.IN), Nuvama Wealth Management (543988.IN), Chambal Fertilisers & Chemicals (500085.IN), Maharashtra Seamless (500265.IN), Castrol India (500870.IN), Alkyl Amines Chemicals (506767.IN), ZF Commercial Vehicle Control Systems India (533023.IN), Aditya Birla Fashion & Retail (535755.IN), Chalet Hotels (542399.IN), Metropolis Healthcare (542650.IN), One 97 Communications (Paytm) (543396.IN), Kaynes Technology India (543664.IN), Aditya Birla Lifestyle Brands Ltd. (544403.IN)
Singapore:
Earnings:
SIA Engineering (S59.SP)
Taiwan:
Earnings:
Vanguard International Semiconductor (5347.TT), Winbond Electronics (2344.TT), WT Microelectronics (3036.TT), PharmaEssentia (6446.TT), GlobalWafers (6488.TT)
Market Data:
Gold (Dec 25): ($7.80) or (0.19%) to $4006.20
WTI Crude (Dec 25): ($0.08) or (0.13%) to $60.97
$-¥: +0.20 or +0.13% to 154.2160
$-KRW: (0.25) or (0.02%) to 1428.9700
A$-$: (0.00) or (0.16%) to 0.6537
$-INR: (0.04) or (0.04%) to 88.7233
$-CNY: +0.00 or +0.04% to 7.1200
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