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Depositary Receipt business and services are conducted through The Bank of New York Mellon.

Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +1.11%, Hang Seng Futures +0.16%, ASX SPI 200 +0.78%, S&P Futures (1.18%)

Apr 12 ,2026

  • Synopsis:

    • Asian markets set for volatile start to Monday trade. While Japan, Hong Kong and Australian futures ended higher on Friday, latest Middle East developments have driven surge in oil and gas prices, weighed on S&P 500 futures and drive steep falls in gold, silver and Bitcoin. Dollar edging higher against yen. Australian bond yields backing up in a bear flattening move. Renewed volatility follows mostly positive week for equity markets in wake of US-Iran ceasefire agreement while crude had its worst week since 2022.

    • Main early morning focus is on Trump's announcement that US will begin naval blockade of Strait of Hormuz after talks in Pakistan failed to produce agreement on core issues of Iran's nuclear ambitions, stockpiles of enriched uranium and its demands to control Strait of Hormuz. Trump also vowed navy would interdict ships that have paid Iran tolls and left door open to resuming military strikes. Diplomatic door remains open despite public displays of defiance with media sources believing talks could resume within days.

    • Development has sparked another surge in oil and gas futures with blockade ostensibly aimed at curbing Iranian crude sales but at a cost of higher energy prices. Blockade puts China in crosshairs given its large purchases of Iranian crude and reliance on Strait of Hormuz flows. However, other Asian countries have also been receiving shipping exemptions from Iran. Separately, Trump threatened 50% tariff on China if it sells weapons to Iran and USTR Greer warned China involving itself with Iran against US interests would complicate relationship.

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