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Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (1.21%), Hang Seng Futures (0.13%), ASX SPI 200 +0.45%, S&P Futures (0.01%)

Jan 06 ,2026

  • Synopsis:

    • Asia equities poised for a mixed open Wednesday. Futures in Japan and Hong Kong traded lower while Australia and South Korea higher. Japan ADRs skewed to gains while Golden Dragon China index fell 0.78%. Areas of weakness contrasted with strength in US benchmarks that closed near best levels. Tech leads were positive with SOX index up a sharp 2.75% with big tech mostly firmer outside of Mag 7. US Treasuries were weaker across the curve with yields up ~1-2 bp. Dollar index up 0.3%. Gold settled up 1.0%. Silver ended up 5.7% at a fresh record high. Bitcoin futures down 1.9% after Monday's strong gains. WTI crude settled down 2.0%.

    • Bullish sentiment remains the main theme, kicking off a strong start to the year especially in Asia. AI optimism most frequently cited as a key driver. Market attention on Venezuela increasingly distilling into crude oil implications (while also compounding broader geopolitical risks) though still a lot of unclarity about the outlook for supply. Macro suffered somewhat of a setback on a slight miss in final US services PMI. However, 'bad news is good news' dynamic via Fed rate cut expectations providing net positive near term implications. US to see more notable economic indicators this week and labor market data still look to be the key risk events this week. That aside, consensus polls continue to show bullish skew in 2026 stock market projections.

    • Latest regional developments revolved around China. Commerce Ministry banned export of dual-use items to Japan that can be used for military purposes. Specifically cited Prime Minister Takaichi's remarks on Taiwan that constituted a "serious violation of the one-China principle." Foreign Ministry also noted concerns about Japan's revisions to its security policy and bolstering of defense capabilities that Beijing sees as a "remilitarization." Direct impacts so far unclear though reinforces hints in Chinese media that authorities were considering restrictions on rare earth exports to Japan. Elsewhere, local press reported China aims to grow AI into a trillion-yuan industry within two years under a new action plan, though summary was descriptive with no mention of funding. PBOC concluded its annual work conference Tuesday and reaffirmed a moderately loose policy stance for 2026, continuing to mention RRR and policy rate cuts that usually portends follow through at some point. Also reiterated stable yuan policy.

  • Pre-open Company News:

    • 9979.HK -- Greentown Management Holdings reports FY total GFA of newly contracted projects 35.4M sq m, (3.1%) y/y

    • 543287.IN -- Lodha Developers reports Q3 pre-sales INR56.2B vs guidance INR60B (+/- 5%)

    • RIME -- Algorhythm Holdings announces contract expansion with Apollo Tyres with capacity to generate $2.5M of revenue annually

    • 004170.KS -- Shinsegae upgraded to overweight from equal-weight at Morgan Stanley

    • 535.HK -- Gemdale Properties & Investment reports December aggregate contracted sales CNY822M; StreetAccount notes the year-ago figure was CNY2.83B

    • HDFC Securities initiates Divi's Laboratories, Piramal Pharma, Laurus Labs

    • 1318.HK -- Mao Geping Cosmetics controlling shareholders, directors disclose plan to reduce shareholdings

    • 1921.HK -- Dalipal Holdings completes trial order; to becomes qualified supplier of Aramco

    • 270.HK -- Guangdong Investment chairman Bai Tao steps down due to other work arrangements, effective today

    • TIL -- Instil Bio's Axion subsidiary to discontinue development of AXN-2510

    • 000883.CH -- Hubei Energy Group reports December power generation 3.60B KWh, (11.7%) y/y

    • 66.HK -- MTR Corp. initiated outperform at SWS Research (timing uncertain)

    • 4523.JP -- Eisai announces Biologics License Application for subcutaneous formulation of Leqembi for treatment of early Alzheimer's disease has been accepted by NMPA in China

    • Goldman Sachs initiates 2768.JP, 8001.JP, 8002.JP, and 8058.JP

    • Goldman Sachs monthly changes to APAC Conviction List - Directors' Cut

  • On Deck:

    • China:

      • Economic:

        • 16:00 CST: FX Reserves; consensus

    • Japan:

      • Earnings:

        • SAN-A CO. (2659.JP), ABC-MART (2670.JP), Daiseki (9793.JP), Yoshinoya Holdings (9861.JP)

    • Australia:

      • Economic:

        • 11:30 AEST: Building Approvals SA M/M; consensus

    • Taiwan:

      • Economic:

        • 16:00 TST: CPI NSA Y/Y; consensus +1.7%

    • Thailand:

      • Economic:

        • 07:00 SAST: CPI NSA Y/Y; consensus

  • Market Data:

    • Gold (Feb 26): +$14.40 or +0.32% to $4510.50

    • WTI Crude (Feb 26): ($0.10) or (0.18%) to $57.03

    • $-¥: +0.28 or +0.18% to 156.6800

    • $-KRW: +0.17 or +0.01% to 1445.0600

    • A$-$: +0.00 or +0.31% to 0.6736

    • $-INR: (0.04) or (0.05%) to 90.1733

    • $-CNY: (0.01) or (0.09%) to 6.9827

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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