Feb 26 ,2026
Synopsis:
Asian markets set for mixed start to Friday trade. Futures signaling opening small opening decline in Japan and flat start in Hong Kong. Australia little changed in initial trade. S&P 500 futures retreating further afterhours. Australian bonds strengthening after Treasuries firmed across the curve. Dollar steady on major crosses. Crude flat after erasing gains following positive US-Iran talks in Geneva. Gold flat while silver coming off lows. Bitcoin unchanged after pulling back from $70K.
Semi weakness the big story overnight with SOX down 3%. NVDA fell 5.5% despite beat and raise (positioning and sustainability scrutiny flagged). Mag 7 underperformed more broadly withGOOGL, AMZN and TSLA notable drags. Nasdaq extended month-to-date decline to 2.5%. Losses contrasted with strength in software names as Citrini note gets more pushback and skepticism persists about notion of value destruction. IGV rose 2% for a third straight day of gains.
SCMP reported preparations for a Trump-Xi summit in April faltering amid differences in planning with Beijing favoring heavily scripted events and US preferring more spontaneous approach. Meanwhile, US International Trade Commission launched probe into economic impact of revoking China's permanent normal trade status, which could lead to higher tariffs. In other trade developments, Commerce Secretary Lutnick made unscheduled visit to India for talks his counterpart Piyush Goyal described as "fruitful."
Pre-open Company News:
990.HK -- Deep Source Holdings guides FY net income HK$840M vs year-ago HK$372M
688248.CH -- China Southern Power Grid Technology reports preliminary FY net income attributable CNY421.4M vs year-ago CNY365.0M
300999.CH -- Yihai Kerry Arawana Holdings reports preliminary FY net income attributable CNY3.15B vs FactSet CNY3.68B [5 est, CNY3.14-4.01B]
544292.IN -- Onesource Specialty Pharma receives no-objection letter from BSE/NSE in relation to merger of Steriscience & Brooks assets
AURA.TB -- Aurora Design Public declares dividend THB0.56/share
532178.IN -- Engineers India declares interim DPS INR1.50; record 6-Mar, payable 20-Mar
2324.TT -- Compal Electronics declares FY dividend NT$1.10/share vs year-ago NT$1.40/share
0166.MK -- Inari Amertron reports Q2 EPS 1.1sen vs year-ago 2.4sen
688303.CH -- Xinjiang Daqo New Energy reports preliminary FY net income attributable (CNY1.13B) vs FactSet (CNY1.30B) [4 est, (CNY1.99)-(1.00B)]
4503.JP -- Transcript Intelligence: Astellas Pharma Investor Meeting - Sustainability Meeting
RATCH.TB -- Ratch Group Public declares final dividend THB0.80/share
2454.TT -- MediaTek declares final dividend NT$24.5/share; StreetAccount notes year-ago was NT$25/share
On Deck:
China:
Economic:
08:00 CST: Foreign Direct Investment Y/Y; consensus
Hong Kong:
Earnings:
New World Development (17.HK), New World Development (17.HK), Xinyi Energy Holdings (3868.HK), Sino Land (83.HK), Xinyi Glass Holdings (868.HK), Xinyi Solar Holdings (968.HK)
Japan:
Economic:
08:30 JST: CPI Tokyo Y/Y; consensus
08:50 JST: Industrial Production SA M/M (Preliminary); consensus +5.8%
08:50 JST: Retail Sales NSA Y/Y (Preliminary); consensus +1.8%
14:00 JST: Housing Starts NSA Y/Y; consensus (1.1%)
Earnings:
Park24 (4666.JP)
Australia:
Economic:
11:30 AEST: Private Sector Credit M/M; consensus
Earnings:
Clarity Pharmaceuticals (CU6.AU), 5G Networks (5GN.AU), Ainsworth Game Technology (AGI.AU), Elanor Investors Group (ENN.AU), Lumos Diagnostics Holdings (LDX.AU), Metro Mining (MMI.AU), Mayfield Group Holdings (MYG.AU), Neuren Pharmaceuticals (NEU.AU)
India:
Economic:
05:30 IST: GDP NSA Y/Y; consensus +6.7%
Singapore:
Earnings:
City Developments (C09.SP), Daiwa House Logistics Trust (DHLU.SP), Olam Group (VC2.SP), First Resources (EB5.SP), Bumitama Agri (P8Z.SP), China Everbright Water (U9E.SP), SIIC Environment Holdings (BHK.SP), EC World Real Estate Investment Trust (BWCU.SP), ComfortDelGro Corp. (C52.SP), Frencken Group (E28.SP), Haw Par Corp. (H02.SP), OUE Ltd. (LJ3.SP), China Sunsine Chemical Holdings (QES.SP), The Straits Trading (S20.SP), SATS Ltd. (S58.SP), Straco (S85.SP)
Thailand:
Earnings:
Bangkok Chain Hospital Public (BCH.TB), Land & Houses Public Co. (LH.TB), TOA Paint (Thailand) Public (TOA.F.TB)
Market Data:
Gold (Apr 26): +$7.40 or +0.14% to $5201.60
WTI Crude (Apr 26): +$0.09 or +0.14% to $65.30
$-¥: (0.50) or (0.32%) to 155.8660
$-KRW: +5.62 or +0.39% to 1433.2580
A$-$: (0.00) or (0.36%) to 0.7099
$-INR: +0.06 or +0.07% to 90.9929
$-CNY: (0.03) or (0.43%) to 6.8403
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