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StreetAccount Summary - Asian Market Preview: Nikkei Futures +1.23%, Hang Seng Futures +0.56%, ASX SPI 200 +0.44%, S&P Futures (0.10%)

Mar 16 ,2026

  • Synopsis:

    • Asian markets set for positive start to Tuesday trade. Futures signaling opening gains in Japan and Hong Kong. Modest opening gains in Australia. S&P 500 futures little changed after US stocks strengthened in Monday trade. Australian bonds strengthening ahead of RBA meeting. Treasuries firmed overnight with curve flattening. FX markets steady after dollar index retreated from May-2025 highs. Crude coming off earlier lows. Gold fluctuating around $5K. Silver recovering. Bitcoin back to early February highs.

    • Markets saw some relief from pullback in crude as White House considers ways to reopen Strait of Hormuz. Trump indicated some countries on board with plan to assist ships through waterway though Europe, Japan and others rebuffed request. There also remain ongoing concerns about Iranian attacks on Middle East energy infrastructure (and resulting impact on production), no visible path to ceasefire (officials expect fighting to last weeks) while Trump reportedly weighing seizure of Kharg Island oil depot if Hormuz flows remain frozen.

    • President Trump confirmed he requested China delay summit with President Xi by a month or so, citing preoccupation with Iran conflict. US and China economic officials held second day of talks on Monday with USTR Greer mentioning possibility of a US-China Board of Trade to manage trade and economic ties. Monday talks described as "constructive and Xinhua readout noting two sides reached preliminary consensus on some issues. However, Beijing expressed opposition to S.301 probe targeting China and other nations.

    • RBA expected to raise cash rate by 25 bp to 4.10%. Rate hike expectations have risen over recent weeks after top policymakers voiced concern about elevated inflation and capacity constraints. A lot of interest will surround commentary on Middle East conflict's implications for growth and inflation outlook. RBA seen acknowledging upside inflation impact while also warning of downside risks to economic activity. Some economists see this delaying rate hike to May while market pricing has eased with futures pricing in 66% odds of a March move.

  • Pre-open Company News:

    • 300122.CH -- Chongqing Zhifei Biological Products obtains NMPA trial approval for mva-based monkeypox attenuated live vaccine

    • 3350.JP -- Metaplanet to issue 107.4M shares at ¥380/share for ¥40.80B via third-party allotment

    • 2696.HK -- Shanghai Henlius Biotech obtains NMPA approval for phase I clinical trial of HLX07 combined with slulimab injection in sqNSCLC

    • 600221.CH -- Hainan Airlines Holding reports February traffic +8.88% y/y

    • 688005.CH -- Ningbo Ronbay New Energy Technology restructures ownership of Korean subsidiary Jaese Energy

    • 1093.HK -- CSPC Pharmaceutical Group obtains NMPA approval for clinical trials of PDE4Binhibitor (SYH2059 powder for inhalation) for interstitial lung disease

    • 1628.HK -- Yuzhou Group Holdings guides FY adjusted net income attributable (CNY9.2-11.2B) vs year-ago (CNY12.0B)

    • 1033.HK -- Sinopec Oilfield Service releases 2025 Sustainable Development Report

    • 001979.CH -- China Merchants Shekou Industrial Zone Holdings reports FY net income attributable CNY1.02B vs FactSet CNY3.24B [13 est, CNY1.06-5.09B]

    • TRUE.TB -- True Corp. Public Co. upgraded to overweight from neutral at JPMorgan

    • 601021.CH -- Spring Airlines reports February traffic +25.58% y/y

    • 7164.JP -- Zenkoku Hosho revises FY guidance; guides FY net income attributable ¥32.0B vs prior guidance ¥31.20B

    • 603392.CH -- Beijing Wantai Biological Pharmacy Enterprise receives NMPA trial approval for recombinant respiratory syncytial virus vaccine (CHO cells)

    • C6L.SP -- Singapore Airlines reports February traffic +3.8% y/y

    • 688567.CH -- Guangzhou Automobile Group selects Farasis Energy to develop and supply its power battery

  • On Deck:

    • China:

      • Economic:

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

      • Earnings:

        • Wanhua Chemical Group (600309.CH), BingEx (FLX), Avic (Chengdu) UAS (688297.CH), Fuyao Glass Industry Group (600660.CH)

    • Hong Kong:

      • Earnings:

        • China Literature (772.HK), Smoore International Holdings (6969.HK), Hengan International Group (1044.HK), Weimob (2013.HK), HK Electric Investments & HK Electric Investments (2638.HK), Kingdee International Software Group (268.HK), Chuangxin Industries Holdings (2788.HK), Qifu Technology (3660.HK), Rusal (486.HK), SY Holdings Group (6069.HK), China East Education Holdings (667.HK), CK Life Sciences International (Holdings) (775.HK), Value Partners Group (806.HK), Mongolian Mining (975.HK)

    • Japan:

      • Economic:

        • 13:30 JST: Retail Sales NSA Y/Y (Final); consensus

      • Earnings:

        • Visional (4194.JP)

    • Australia:

      • Economic:

        • 14:30 AEST: RBA Official Cash Rate; consensus +3.9%

  • Market Data:

    • Gold (Apr 26): +$12.30 or +0.25% to $5014.50

    • WTI Crude (Apr 26): +$1.05 or +1.12% to $94.55

    • $-¥: (0.56) or (0.35%) to 159.1760

    • $-KRW: (13.55) or (0.90%) to 1489.0900

    • A$-$: +0.01 or +1.26% to 0.7068

    • $-INR: (0.19) or (0.21%) to 92.2699

    • $-CNY: (0.00) or (0.02%) to 6.8952

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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