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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.05%), Hang Seng Futures 0.00%, ASX SPI 200 0.00%, S&P Futures +0.02%

Dec 25 ,2025

  • Synopsis:

    • Asian markets set for positive start to Friday trade. Not much in way of leads with US and European markets shut for Christmas. Japan futures flat while Australia and Hong Kong remain closed for Boxing Day holiday. On Thursday Nikkei ended unchanged while mainland China saw modest gains. JGBs under pressure with 2Y yield rising to 1996-high following soft auction. In FX markets, USDCNY breached 7-handle for first time since Sep-2024 following strong PBOC midpoint fix. Gold, silver and platinum making fresh record highs. Bitcoin remains range bound.

    • In latest central bank news, BOJ Governor Ueda repeated rate hikes to continue if baseline scenario realized given low real rates and strengthening conviction on outlook for wages and inflation. BOK 2026 monetary policy statement said decision on further rate cuts will depend on inflation, growth and financial stability conditions, adding that it will implement FX stabilization measures. PBOC Q4 monetary policy report reaffirmed will maintain moderately loose policy, increase counter-cyclical and cross-cyclical adjustments, though absence of specific rate cut guidance was notable contrast to recent CEWC statement.

    • Tokyo core inflation moderated by more than forecast while Japan unemployment, rate unchanged. Japan industrial production and retail sales ahead. In company news, China Vanke (2202.HK) faces Thursday afternoon deadline for creditors to decide on an extension of another bond due 28-Dec. Nikkei sources said Fujitsu (6702.JP) partnering with SoftBank (9984.JP) to develop next-gen AI memory chip that can rival current HBM. Toyota Motor (7203.JP) reported China-driven decline in global sales last month. Korean media on Wednesday reported Samsung (005930.KS) and SK Hynix (000660.KS) planning to raise HBM3E prices by almost 20% in 2026.

    • Also making headlines, Japan PM Takaichi outlined record JPY122.3T ($786B) budget for FY26, up 6% on FY25, though proportion of newly issued debt to come in lower. Bloomberg sources said China still restricting exports of rare earth raw materials to US following trade agreement. China-Japan tensions continue to fester with Nikkei sources noting Beijing told travel agencies to reduce Japan-bound tourist numbers by 40%.

  • Pre-open Company News:

    • 9044.JP -- Nankai Electric Railway releases integrated report

    • 544225.IN -- Ola Electric Mobility receives Ministry of Heavy Industries' sanction order for INR3.67B PLI-Auto incentives for FY25

    • 688578.CH -- Shanghai Allist Pharmaceuticals notes Firmonertinib listed as NMPA's breakthrough therapy designation candidate

    • 7240.JP -- NOK Corp releases integrated report

    • 601901.CH -- Founder Securities declares Q3 dividend CNY0.01/share; StreetAccount notes year-ago nil

    • 1801.HK -- Innovent Biologics receives NMPA NDA approval for IBI310 in combination with sintilimab for treatment of colon cancer

    • 6457.JP -- Glory Ltd releases integrated report

    • 000408.CH -- Zangge Mining provides FY26 production plan: to begin production of industrial salt

    • 5631.JP -- The Japan Steel Works releases integrated report

    • 5334.JP -- Niterra Co. releases integrated report

    • BCPG.TB -- BCPG Public CEO Rawee Boonsinsukh to replace acting CFO Kongkiat Kanjanapan as acting CFO, effective 1-Jan

  • On Deck:

    • Japan:

      • Economic:

        • 08:50 JST: Industrial Production SA M/M (Preliminary); consensus (1%)

        • 08:50 JST: Retail Sales NSA Y/Y (Preliminary); consensus

      • Earnings:

        • DCM Holdings (3050.JP), J. FRONT RETAILING (3086.JP), Ichibanya (7630.JP)

  • Market Data:

    • Gold (Feb 26): +$27.10 or +0.60% to $4529.90

    • WTI Crude (Feb 26): +$0.16 or +0.27% to $58.51

    • $-¥: 0.00 or 0.00% to 155.9350

    • $-KRW: +1.29 or +0.09% to 1446.5200

    • A$-$: (0.00) or (0.03%) to 0.6703

    • $-INR: +0.35 or +0.38% to 90.1087

    • $-CNY: (0.01) or (0.14%) to 7.0049

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".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE