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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.44%, Hang Seng Futures 0.00%, ASX SPI 200 +0.25%, S&P Futures +0.16%

Jan 01 ,2026

  • Synopsis:

    • Asia equities poised for a cautious start Friday in light trading with much of the region effectively on New Years holidays. US benchmarks posted declines in the final session of 2025, SOX index fell 1.20% and big tech was broader softer. Golden Dragon China index declined 1.13%. Treasuries were weaker Wednesday with yields up ~3-5 bp. Dollar index was little changed. Gold finished off 1.0% while silver was down 9.4% though both closed out their best year since 1979. Bitcoin futures were off 0.8%. WTI crude down 1.1%, near worst levels.

    • US year-end trading was marked by depressed volumes and a dearth of meaningful catalysts. Sluggish momentum defied expectations of seasonal support, though signal value was countered by the third straight year of strong gains. Going forward, historical performance in S&P 500 said to be slightly negative on the first trading day of the year, though broader MSCI universe typically positive in January. AI turbulence stands as the most recent major swing factor, though underlying sentiment remains bullish amid hopes for more broadening strength outside of US and tech.

    • Main markets in Asia have broadly benefited from abating US tariff uncertainties while fiscal policy remains accommodative. Japan market rhetoric broadly optimistic after a 26% gain in the Nikkei to a record year-end close in a rare outperformance over US markets. However, current bull market largely described as an 'AI boom' dependent on US strength. Corporate governance, cost passthrough and earnings growth have also been notable tailwinds. Mainland China bourses ended the year not far off YTD highs as government scrutiny over tech pivoted to a supportive stance as Beijing strives for tech self-sufficiency amid growing US restrictions. Prioritization of domestic demand/private consumption offering another layer of optimism. South Korea similarly tracking near record highs on the back of AI chip demand/pricing tailwinds and market/economy friendly policies of President Lee that stabilized the political landscape after the ouster of his predecessor Yoon over the martial law crisis in Dec-24.

    • Asia macro calendar light to start the year. South Korea cyclical indications remain positive with December customs exports beating expectations, taking the 2025 total to a new record high despite declines to US and China. Broader global attention on US initial jobless claims coming in below consensus amid ongoing monitoring of labor market data to guide Fed rate cut expectations. First notable regional data release will be Australia inflation due next Wednesday.

  • Pre-open Company News:

    • 2333.HK -- Great Wall Motor December production 116,812 units, (16.4%) y/y

    • 524804.IN -- Aurobindo Pharma acquires non-oncology prescription formulations business of Khandelwal Laboratories for INR3.25B in cash

    • 500570.IN -- Tata Motors Passenger Vehicles reports December sales 50,519 units vs StreetAccount 51,968 units

    • 532822.IN -- Vodafone Idea ordered to pay INR6.38B under Central Goods and Services Tax Act

    • 526371.IN -- NMDC reports December iron ore production 5.40Mt vs year-ago 4.71Mt

    • 544274.IN -- Hyundai Motor India reports December sales (units) 58,702 vs StreetAccount 62,027

    • 511218.IN -- Shriram Finance upgraded to buy from hold at Nirmal Bang

    • Macau December GGR +14.8% y/y to MOP20.89B

    • 500877.IN -- Apollo Tyres upgraded to accumulate from hold at Geojit Financial

    • 9973.HK -- Chery Automobile reports December sales volume 232,308, (16%) vs year-ago 275,052

    • 544225.IN -- Ola Electric Mobility provides update on service transformation program Hyperservice

    • 2050.HK -- Zhejiang Sanhua Intelligent Controls initiated overweight at Northeast Securities (31-Dec, timing uncertain)

    • DCRU.SP -- Trading halted in Digital Core REIT pending release of announcement

    • 551.HK -- Yue Yuen Industrial (Holdings) initiated outperform at CICC

    • 175.HK -- Geely Automobile December sales volume 236,817 units, +13% y/y

  • On Deck:

    • Japan:

      • Earnings:

        • Takashimaya (8233.JP)

  • Market Data:

    • Gold (Feb 26): +$13.50 or +0.31% to $4354.60

    • WTI Crude (Feb 26): +$0.05 or +0.09% to $57.47

    • $-¥: +0.13 or +0.08% to 156.8110

    • $-KRW: (0.55) or (0.04%) to 1440.0700

    • A$-$: +0.00 or +0.02% to 0.6675

    • $-INR: +0.09 or +0.10% to 89.9698

    • $-CNY: (0.00) or (0.01%) to 6.9927

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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