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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +1.41%, Hang Seng Futures +0.90%, ASX SPI 200 +1.04%, S&P Futures (0.03%)

Dec 11 ,2025

  • Synopsis:

    • Asia equities poised for a higher open Friday. Futures in Japan, Hong Kong, Australia and South Korea all advanced. Almost all Japan ADRs were higher, while Golden Dragon China index edged lower. US contracts fluctuating after a mostly higher cash session, ending near best levels and Dow, S&P, Russell closing at new highs. Tech leads were softer reflecting reverberations from yesterday's post-close Oracle (ORCL) earnings. SOX index fell 0.75% with US Big Tech broadly weaker and Oracle replicated the selloff in the preceding night session. Treasuries were mixed with a touch of curve steepening. Dollar index was down 0.5%. Gold finished up 2.1%. Bitcoin futures were down 1.1%. WTI crude ended down 1.5%.

    • Rotation was the primary theme. Erosion in AI confidence induced by Oracle results shifted buying interest to sectors such as materials and financials as well as small caps. But Broadcom (AVGO) earnings beat was cited as a late support factor for tech. In secondary Fed takeaways, markets were reassured that rate cuts remained on the cards. Evidence of tech contagion reaching Asia emerged with LSEG data showing regional equities saw the biggest outflow in nearly six years in November, led by Taiwan and South Korea though both have started to rebound in December. Reuters survey found FX traders growing more bullish on most Asian currencies, helped by weakness in the dollar index as a function of Fed rate cuts. CNY longs grew to the highest since late Jan-23. INR the main exception with shorts surging to a 10-month high.

    • China CEWC in focus; President Xi delivered a speech noting main economic targets for 2025 will be achieved. Xinhua readout declared China will continue to implement more proactive fiscal policy while maintaining necessary fiscal deficits. Monetary policy also to remain "moderately loose" and flagged use of various policy tools such as RRR, other policy rates. Signaled domestic demand will remain a priority for next year's economic planning. Elsewhere, tariff story continues as China protested against Mexico's new tariffs of up to 50% on an array of products including cars, auto parts, clothing and steel. Commerce Ministry urged Mexico to reverse action. Japan stimulus bill in the final stages after lower house approved the FY25 supplementary budget yesterday and expected to pass the upper house as early as 16-Dec.

  • Pre-open Company News:

    • 1816.HK -- CGN Power president Gao Ligang retires, effective immediately

    • 544014.IN -- Honasa Consumer to acquire Reginald Men at INR1.95B EV in cash

    • 836.HK -- China Resources Power Holdings reports November net generation 18,867 GWh, +8.6% y/y

    • 2076.HK -- Kanzhun CFO Yu Zhang resigns due to work adjustment, effective immediately

    • 300037.CH -- Shenzhen Capchem Technology seeks Hong Kong listing subject to shareholder, regulatory approvals

    • 2888.HK -- Standard Chartered upgraded to buy from neutral at Goldman Sachs

    • LB -- LandBridge announces BESS Development agreements with Samsung C&T Renewables

    • +EFB -- Everfront Biotech files amended F-1; adds Sutter Securities as underwriter

    • 002294.CH -- Shenzhen Salubris Pharmaceuticals seeks Hong Kong listing subject to shareholder, regulatory approvals

    • 542399.IN -- Chalet Hotels to acquire 150 rooms resort property in Udaipur for INR1.71B

    • 1137.HK -- Hong Kong Technology Venture Company reports November GMV HK$636M, (7.6%) m/m, (7.4%) y/y

    • 532809.IN -- Firstsource Solutions completes acquisition of Pastdue Credit Solutions; deal was announced 18-Jul

    • 543635.IN -- FDA issues Form-483 with four observations following GMP inspection at Piramal Pharma's Lexington facility

    • 9969.HK -- InnoCare Pharma receives NMPA marketing approval for ICP-723 for treatment of NTRK gene fusion-positive solid tumors

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: New Yuan Loans; consensus

    • Japan:

      • Economic:

        • 13:30 JST: Industrial Production SA M/M (Final); consensus

      • Earnings:

        • Kobe Bussan (3038.JP), H.I.S. (9603.JP)

  • Market Data:

    • Gold (Feb 26): ($3.00) or (0.07%) to $4310.00

    • WTI Crude (Jan 26): +$0.29 or +0.50% to $57.89

    • $-¥: (0.42) or (0.27%) to 155.6000

    • $-KRW: +1.83 or +0.12% to 1470.8500

    • A$-$: (0.00) or (0.16%) to 0.6661

    • $-INR: +0.39 or +0.44% to 90.2556

    • $-CNY: (0.01) or (0.11%) to 7.0571

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.
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