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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +1.55%, Hang Seng Futures +0.45%, ASX SPI 200 +0.73%, S&P Futures +0.26%

Dec 21 ,2025

  • Synopsis:

    • Asian markets set for positive start to Monday trade. Futures signaling opening gains in Japan and Hong Kong Australia higher in initial trade. S&P 500 futures strengthening following positive finish to last week. Australian bonds weakening, taking cues from Friday's yield backup. Yen at one-month low in wake of Friday's BOJ rate hike, prompting another verbal warning from Finance Minister Katayama. Gold little changed crude recovering from four-year low. Bitcoin range bound.

    • Positive leads for Asia tech stocks after Nasdaq led US markets higher on Friday, underpinned by better AI headlines. Friday developments included formal review to pave way for NVDA H200 chip sales to China, latest OpenAI funding headlines, and ORCL bounce (TikTok deal progress, data center power approval). Micron's (MU) big beat and raise also bucked recent trend of AI earnings disappointments, aiding sentiment towards chipmakers with SOX rallying 6% from week's low.

    • China expected to keep 1Y and 5Y loan prime rates unchanged at 3.00% and 3.50% respectively, coming after PBOC left 7D reverse repo rate steady. Economic weakness persisted in November though policymakers held view 2025 growth target of ~5% likely to be met, diminishing prospects of near-term easing. Margin pressures at banks also seen weakening case for near-term rate cuts. Some economists predict authorities could resume rate cuts in 2026 as policymakers prioritize expanding domestic demand next year with policies aimed at boosting consumption.

    • Activity quietens down in penultimate week of 2025 with focus mostly on Japan. October BOJ minutes due Wednesday, though more attention will be on December Summary of Opinions (28-Dec) following last week's rate hike. BOJ Governor Ueda will give a speech on Thursday. JGB 2Y auction will also be held Thursday. Tokyo core CPI, Japan unemployment, industrial production and retail sales (Fri) round out week's data releases. Elsewhere, RBA meeting minutes (Tues) may shed further light on hawkish tone of December's hold decision.

  • Pre-open Company News:

    • 1167.HK -- Jacobio Pharmaceuticals Group, AstraZeneca enter license and collaboration agreement for Pan-KRAS inhibitor JAB23E73.

    • 1513.HK -- Livzon Pharmaceutical Group receives NMPA clinical trial approval for additional indication of treatment of depression for NS-041

    • 512.HK -- Grand Pharmaceutical Group achieves primary endpoint in Phase III study of TLX591-CDx

    • 002036.CH -- LianChuang Electronic Technology trading continues to be halted

    • 540180.IN -- Varun Beverages to acquire Twizza Proprietary for ZAR2.10B (INR11.19B) in cash

    • 533098.IN -- NHPC Ltd declares CoD of Unit 2 (250MW) of Subansiri Lower HE Project (2,000MW) following successful completion of trial run

    • MiniMax Group files for Hong Kong IPO through CICC, UBS

    • SPM.IM -- Saipem awarded offshore EPCI contract from QatarEnergy LNG worth $3.1B (~€2.7B)

    • Morgan Stanley upgrades Kokusai Electric & Tokyo Electron

    • 543187.IN -- Hitachi Energy India downgraded to neutral from buy at Goldman Sachs

    • 500300.IN -- Grasim Industries initiated overweight at JPMorgan

    • 1112.HK -- Health & Happiness (H&H) International Holdings initiated outperform at Haitong

    • BCPG.TB -- BCPG Public initiated buy at Finansia Syrus

    • 4661.JP -- Oriental Land upgraded to buy from neutral at SBI Securities Japan

    • 6367.JP -- DAIKIN INDUSTRIES upgraded to 1-outperform from 2-neutral at SMBC Nikko

  • On Deck:

    • China:

      • Economic:

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

        • 09:30 CST: 5 Year Loan Prime Rate; consensus

        • 09:30 CST: 1 Year Loan Prime Rate; consensus

    • Japan:

      • Earnings:

        • SHIMAMURA (8227.JP)

    • Malaysia:

      • Economic:

        • 23:00 EST: CPI NSA Y/Y; consensus

  • Market Data:

    • Gold (Feb 26): ($8.10) or (0.18%) to $4379.20

    • WTI Crude (Jan 26): +$0.27 or +0.48% to $56.79

    • $-¥: (0.15) or (0.09%) to 157.6060

    • $-KRW: +1.00 or +0.07% to 1476.7200

    • A$-$: (0.00) or (0.00%) to 0.6611

    • $-INR: (0.06) or (0.06%) to 89.5773

    • $-CNY: (0.00) or (0.01%) to 7.0401

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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