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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.18%), Hang Seng Futures +0.39%, ASX SPI 200 +0.39%, S&P Futures +0.02%

Dec 22 ,2025

  • Synopsis:

    • Asian markets set for mixed start to Tuesday trade. Futures signaling opening small opening decline in Japan, and mild gains in Hong Kong. Australia higher in initial trade. S&P 500 futures flat after index approached record high Monday. Australian bonds unchanged after Treasury yields rose 1-2 bp. FX markets steady after dollar lost ground. Crude little changed following earlier rally after US widened pursuit of Venezuelan tankers. Gold and silver hit new record highs. Bitcoin lower after failing at $90K.

    • Markets continue their positive start to the holiday period with tech sector sentiment helped by latest AI developments (NVDA H200 sales to China, OpenAI funding headlines, MU earnings and bullish outlook for memory). Markets enter very favorable seasonal stretch (Santa rally), aided by healthy positioning and sentiment indicators. Futures also continue to price in at least two Fed rate cuts next year with inflation in check and resilient US economy supporting 'Goldilocks' narrative.

    • Yen stabilized Monday afterfalling to one-month low against dollarin wake of Friday's BOJ rate hike, where takeaways highlighted lack of clearer guidance on rate outlook and the neutral rate. In Bloomberg interview Monday, Finance Minister Katayama said authorities have "free hand" to take bold action against FX moves not in line fundamentals, representing her strongest warning yet to speculators. Some FX strategists believe USDJPY move towards 160 may be trigger for action after MOF last intervened around this level in 2024.

    • Quiet day on economic calendar. December RBA meeting minutes may shed further light on hawkish tone of this month's hold decision. Governor Bullock revealed board weighed conditions that would warrant an increase and flagged prospect of rate hikes if inflation does not come down. Board discussion on extent of excess capacity, restrictiveness of financial conditions and judgements about cash rate proximity to neutral some of the focus areas. Multiple economists predict RBA will hike as early as February with inflation the overriding concern for the board.

  • Pre-open Company News:

    • 688599.CH -- Trina Solar completes full share delivery in US factory sale to T1 Energy

    • 1951.JP -- EXEO Group upgraded to buy from neutral at Mizuho Securities

    • KALV -- Follow-up: KalVista Pharmaceuticals issues press release on approval of EKTERLY (sebetralstat) in Japan for treatment for hereditary angioedema

    • 4507.JP -- Shionogi & Co. to acquire global rights to RADICAVA for $2.5B (~¥393B)

    • 6490.JP -- Pillar upgraded to outperform from neutral at Tokai Tokyo

    • F99.SP -- Fraser & Neave completes acquisition of additional 4.6% Vinamilk stake; deal announced 16-Dec

    • 4523.JP -- Eisai CFO Mitsuru Shomon to retire, effective 31-Dec

    • 873.HK -- Shimao Services Holdings forms partnership for CNY283M sewage treatment project in Liaoning

    • 2367.HK -- Giant Biogene Holding downgraded to hold from buy at China Merchants Securities (HK)

    • 7974.JP -- Nintendo upgraded to buy from hold at Freedom Capital (21-Dec)

    • 995.HK -- Anhui Expressway major shareholder completes partial reduction plan as proposed on 28-Aug

    • 603305.CH -- Ningbo Xusheng Group

    • 532144.IN -- Welspun Corp completes 4.11% stake acquisition in Welspun Specialty Solutions for INR1.09B via block deal

  • On Deck:

    • Japan:

      • Earnings:

        • Oracle Corp Japan (4716.JP)

  • Market Data:

    • Gold (Feb 26): +$22.30 or +0.50% to $4491.70

    • WTI Crude (Feb 26): ($0.10) or (0.17%) to $57.91

    • $-¥: (0.87) or (0.55%) to 156.8850

    • $-KRW: +1.09 or +0.07% to 1476.8100

    • A$-$: +0.00 or +0.71% to 0.6658

    • $-INR: +0.05 or +0.05% to 89.6808

    • $-CNY: (0.01) or (0.07%) to 7.0360

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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