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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.17%, Hang Seng Futures +0.11%, ASX SPI 200 (0.50%), S&P Futures (0.06%)

Dec 23 ,2025

  • Synopsis:

    • The Asia Market Preview will not be published on 25-Dec. It will return on 26-Dec.

    • Asian markets set for positive start to Wednesday trade. Futures signaling small initial gains in Japan and Hong Kong. Australia lower in initial trade. S&P 500 futures flat afterhours. Australian bonds slightly weaker after Treasury curve flattened in wake of strong US GDP. FX markets steady after yen recouped week-to-date loss against dollar. Gold hovering near record high. Crude unchanged. Bitcoin range bound.

    • Positive leads for Asian markets from US, where S&P hit a new record high and big tech saw good gains. Most of the focus was on better-than-expected US Q3 GDP that furthered narrative of a 'goldilocks economy'. Data drove somewhat hawkish repricing though futures still pricing in ~41 bp of Fed rate cuts next year. More broadly, stocks remain on a positive trajectory going into seasonally strong period (Santa rally), though one likely to characterized by thin volumes.

    • US to delay additional tariffs on imports of legacy China chips until at least mid-2027 following S301 investigation launched in Dec-2024. USTR said China's targeting of semiconductor industry is unreasonable and burdens US commerce, while harming foreign competitors by exploiting dependencies. Decision to delay tariffs seen as latest attempt by Trump administration to prevent flare-up of tensions following trade truce struck in October that led US to suspend certain tech export curbs and China to delay ease rare earths export controls.

    • In macro developments, South Korea consumer confidence eased from eight-year high in December amid inflation uptick and FX volatility. RBI Governor Malhotra repeated India in for long period of low rates with policy in neutral phase amid benign inflation backdrop. Taiwan export order growth rose to almost five-year high in November amid ongoing strong demand for AI semiconductors. On corporate front, China Vanke (2202.HK) credit rating downgraded to 'selective default' by S&P after creditors granted only short-term extension of bond repayment.

  • Pre-open Company News:

    • 603596.CH -- Bethel Automotive Safety Systems plans to list in Hong Kong

    • 1093.HK -- CSPC Pharmaceutical Group receives NMPA clinical trial approval for Daratumumab Injection

    • DNTH -- Follow-up: Nanjing Leads Biolabs and Dianthus dose first subject with LBL-047 in Phase I trial

    • 532523.IN -- Biocon signs exclusive & semi-exclusive licensing agreement with Ajanta Pharma to market Semaglutide

    • 688036.CH -- Shenzhen Transsion Holding downgraded to neutral from buy at UBS

    • 2395.TT -- Advantech upgraded to neutral from underperform at Macquarie

    • GEV -- GE Vernova awarded contract from POWERGRID for Chandrapur 2x500 megawatt (MW) back-to-back HVDC link

    • 3750.HK -- Contemporary Amperex Technology initiated outperform at CICC

    • 2096.HK -- Simcere Pharmaceutical Group receives NMPA clinical trial approval for SIM0610

    • 4901.JP -- FUJIFILM initiated outperform at Tokai Tokyo

    • EU clears Jefferies and SMFG Japanese equities JV

    • 8051.JP -- Yamazen releases 2025 Integrated Report

    • 543384.IN -- FSN E-Commerce Ventures (Nykaa) initiated neutral at Motilal Oswal Securities

  • On Deck:

    • Japan:

      • Economic:

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

    • Singapore:

      • Earnings:

        • Jardine Cycle & Carriage (C07.SP), CapitaLand Ascott Trust (HMN.SP)

  • Market Data:

    • Gold (Feb 26): +$16.50 or +0.37% to $4522.20

    • WTI Crude (Feb 26): +$0.09 or +0.15% to $58.47

    • $-¥: (0.84) or (0.53%) to 156.2070

    • $-KRW: (1.41) or (0.10%) to 1478.6300

    • A$-$: +0.00 or +0.66% to 0.6702

    • $-INR: +0.02 or +0.02% to 89.6942

    • $-CNY: (0.01) or (0.14%) to 7.0275

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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