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StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.62%), Hang Seng Futures (0.74%), ASX SPI 200 (0.11%), S&P Futures (0.67%)

Jan 18 ,2026

  • Synopsis:

    • Asia equities poised for a soft open Monday. Futures in Japan and Hong Kong declined, finishing near session lows. Australia was little changed, South Korea mildly higher. Japan ADRs skewed to losses while Golden Dragon China index fell sharply. US futures reopened notably weaker in Asia after S&P and Nasdaq edged lower Friday. Tech leads were net positive with SOX index up 1.15%, though US big tech was mixed with Mag 7 mostly lower. US Treasuries weakened with some curve steepening. Dollar index was flat. Gold finished down 0.6%. Bitcoin futures down 0.1%. WTI crude settled up 0.4%.

    • A lot of geopolitical developments over the weekend interlinked with trade frictions mostly stemming from US aims to control Greenland. President Trump threatened more tariffs on countries that don't support US advances. EU reportedly considering revival of EUR93B in counter-levies on US in a potential breakdown in an EU-US trade deal. US pharmas separately weighing withholding new drug releases in Europe as a pressure tactic for higher prices. China telecoms back in the firing line with EU preparing a proposal to phase out Chinese equipment from critical infrastructure. Latest reports on the Nvidia (NVDA) H200 saga indicated China customs blocked components from leaving the country, causing a halt in the supply chain production. Broadly positive signals out of Canada PM Carney's visit to China with an initial trade agreement including a China EV import quota at a preferentially low tariff rate. Beijing to reciprocate in Canadian agriculture imports.

    • Notable Asia news concentrated in Japan. Weekend Nikkei front page story reinforced expectations for BOJ to stay on hold this week as board members monitor effects from the December hike. Main development to be upgrades to GDP growth forecasts. BOJ also to commence long telegraphed gradual ETF/REIT unwinding Monday. Politics remains the bigger theme -- opposition CDP and Komeito formed a new Central Reform Alliance party to mount a viable challenge against the ruling coalition. Policy manifesto to be unveiled Monday. Consumption tax cut already emerging as a key election battleground. Market attention turns to key press conference scheduled by PM Takaichi to publicly declare a lower house dissolution and provide details on the snap election timetable. Main macro event in Asia today will be China data. Q4 GDP growth expected to slow amid weakening consumption and investment, though 2025 aggregate still set to meet the government growth target of about 5%.

  • Pre-open Company News:

    • 136.HK -- China Ruyi Holdings invests $14.2M in AIsphere and signs strategic AI cooperation framework

    • Macquarie initiates E28.SP, P8Z.SP, U10.SP

    • 307950.KS -- Hyundai Autoever initiated buy at KB Securities

    • 600732.CH -- Shanghai Aiko Solar Energy guides FY net income attributable (CNY1.90-1.20B) vs FactSet (CNY492.5M) [4 est, (CNY586)-(312M)]

    • 1456.HK -- Guolian Minsheng Securities guides FY net income attributable CNY2.01B vs FactSet CNY2.27B [4 est, CNY2.06-2.40B]

    • 532505.IN -- UCO Bank reports standalone Q3 EPS INR0.59 vs year-ago INR0.53

    • 500116.IN -- IDBI Bank reports Q3 standalone EPS INR1.80 vs year-ago INR1.77

    • 601012.CH -- LONGi Green Energy Technology guides FY net income attributable (CNY6.5-6.0B) vs FactSet (CNY4.25B) [14 est, (CNY7.88)-(3.00B)]

    • 8303.JP -- SBI Shinsei Bank initiated neutral at Goldman Sachs

    • 5802.JP -- Sumitomo Electric Industries resumed equal-weight at Morgan Stanley

    • JPMorgan upgrades China Minsheng Banking & Industrial Bank; downgrades Agricultural Bank of China

    • 6674.JP -- GS Yuasa downgraded to neutral from outperform at Okasan Securities, we're told

    • 2331.HK -- Li Ning upgraded to buy from neutral at Mizuho Securities

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Foreign Direct Investment Y/Y; consensus

        • 10:00 CST: Industrial Output NSA Y/Y; consensus +5%

        • 10:00 CST: GDP NSA Y/Y; consensus +4.5%

        • 10:00 CST: Retail Sales NSA Y/Y; consensus +1.1%

    • Japan:

      • Economic:

        • 08:50 JST: Core Machinery Orders ex-Electric Power Companies & Ships SA M/M; consensus

        • 13:30 JST: Industrial Production SA M/M (Final); consensus (2.6%)

    • India:

      • Earnings:

        • Bharat Heavy Electricals (500103.IN), Hindustan Zinc (500188.IN), Punjab National Bank (532461.IN), CEAT Ltd (500878.IN), Oberoi Realty (533273.IN), Indian Railway Finance (543257.IN)

    • Taiwan:

      • Earnings:

        • Nanya Technology (2408.TT)

  • Market Data:

    • Gold (Feb 26): +$92.70 or +2.02% to $4688.10

    • WTI Crude (Feb 26): ($0.28) or (0.47%) to $59.16

    • $-¥: (0.44) or (0.28%) to 157.6310

    • $-KRW: (0.12) or (0.01%) to 1473.4400

    • A$-$: +0.00 or +0.09% to 0.6689

    • $-INR: +0.00 or +0.00% to 90.7093

    • $-CNY: (0.00) or (0.01%) to 6.9679

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.
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