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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.81%), Hang Seng Futures (0.18%), ASX SPI 200 +0.03%, S&P Futures (0.04%)

Dec 04 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Friday trade. Futures signaling opening declines in Japan and Hong Kong. Flat start in Australia. S&P 500 futures steady afterhours. Australian bonds recovering following big yield backup this week. Comes after Treasury curve flattened Thursday following sharp drop in initial claims. FX markets steady after dollar lost ground against yen. Crude flat after rising 1%. Gold little changed. Bitcoin pulled back from two-week high.

    • Not much in way of directional drivers following lackluster night in US, where there is a semblance of waiting game ahead of next week's FOMC meeting. Lot of moving pieces surrounding AI with recent newsflow featuring supply deals, chip production developments, M&A/IPO activity and mixed earnings takeaways. Across Asia, focus has been on market fallout from hawkish BOJ developments that have firmed expectations of a December rate hike. Rising inflation expectations, and Japan fiscal stimulus scrutiny has also fueled rise in JGB yields.

    • RBI expected to cut repo rate by 25 bp at Friday's meeting. Rate cut expectations were crystalized by October inflation falling to record low (albeit influenced by food deflation, base year effects). Governor Malhotra in November also noted that data since October meeting left scope to cut rates further. Prospects for rate cut since then have been clouded by much stronger-than-expected Q3 GDP growth, and rupee's slide to record low, prompting suggestions central bank nearing end of easing cycle.

  • Pre-open Company News:

    • 7984.JP -- KOKUYO to acquire Thien Long Group via stake purchase and tender offer for ~¥27.60B

    • 688728.CH -- GalaxyCore reports YTD 32M, 50M megapixels image sensor shipments exceeds 100M units

    • CBIO -- Crescent Biopharma and Kelun-Biotech announce strategic partnership to develop and commercialize novel oncology therapeutics

    • 857.HK -- PetroChina signs SPAs for proposed acquisition of 10.97B cubic meters of gas storage capacity from CNPC for CNY40.02B

    • 005490.KS -- POSCO and Glenfarne finalize strategic partnership for Alaska LNG Project; sign 20-year HOA for 1.0 MTPA of LNG offtake

    • 539448.IN -- InterGlobe Aviation says not aware of DGCA investigating airline's massive flight cancellation

    • Autos/parts, industrials, retail and tech the best performer; defensives main laggards:

    • 2296.JP -- Itoham Yonekyu Holdings releases 2025 Integrated Report

    • 81.HK -- China Overseas Grand Oceans Group reports November contracted sales CNY2.29B, (43.7%) y/y

    • 544325.IN -- British American Tobacco subs to sell between 7% and 15.3% of the issued ordinary share capital in ITC Hotels

    • 2007.HK -- Country Garden Holdings obtains creditor approvals to restructure nine onshore bonds

    • 2408.HK -- Xiao Noodles Catering Management's 97.4M-share Hong Kong IPO priced at HK$7.04/share

    • 2007.HK -- Country Garden Holdings reports November contracted sales attributable CNY2.35B; StreetAccount notes the year-ago figure was CNY3.01B

  • On Deck:

    • Japan:

      • Economic:

        • 08:30 JST: Real Household Consumption Expenditure Y/Y; consensus

        • 08:30 JST: Real Household Income Y/Y; consensus

        • 08:50 JST: FX Reserves M/M; consensus

        • 14:00 JST: Leading Index (Preliminary); consensus

      • Earnings:

        • Kanamoto (9678.JP)

    • Taiwan:

      • Economic:

        • 16:00 TST: CPI NSA Y/Y; consensus +1.3%

    • Philippines:

      • Economic:

        • 09:00 SST: CPI Y/Y; consensus +1.8%

  • Market Data:

    • Gold (Feb 26): ($5.00) or (0.12%) to $4238.00

    • WTI Crude (Jan 26): +$0.05 or +0.08% to $59.72

    • $-¥: (0.15) or (0.09%) to 155.1000

    • $-KRW: +6.30 or +0.43% to 1472.3800

    • A$-$: +0.00 or +0.06% to 0.6606

    • $-INR: (0.34) or (0.37%) to 89.8363

    • $-CNY: +0.01 or +0.10% to 7.0707

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".

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