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StreetAccount Summary - Asian Market Preview: Nikkei Futures +1.01%, Hang Seng Futures +0.69%, ASX SPI 200 +0.40%, S&P 500 Futures +0.18%

May 21 ,2026

  • Synopsis:

    • Asian markets set for positive start to Friday trade. Futures pointing to opening gains in Japan, Hong Kong and Australia. US contracts higher afterhours. Australian bonds strengthening, in-line with reversal in Treasuries. Crude edging up from overnight lows. Gold flat and silver marginally higher. FX markets steady with dollar little changed on major crosses. Bitcoin extending recent stabilization.

    • Oil volatile on latest US-Iran developments with earlier rally tabbed to report about Iranian leadership calling for enriched uranium to stay in country before prices turned on speculation two sides close to ceasefire agreement. Situation remains uncertain with media reports noting gaps between two sides have narrowed but divisions remain on key sticking points of uranium enrichment, stockpiles and control over Strait of Hormuz. Talks are continuing though Trump threatened to resume hostilities if Iran doesn't come to satisfactory agreement.

    • Momentum rebound extended into offshore session with semis/memory firmer. SOX index closed up 1%. NVDA's results reinforced bullish AI narrative surrounding demand for GPUs and CPUs. IBM up 12% Thursday after Trump administration awarded $1B for construction of new quantum chip foundry. Across Asia, Samsung's last-minute pay deal with unions averted potentially disruptive strike and drove big gain on Kospi following preceding pullback..

  • Pre-open Company News:

    • 2196.HK -- NMPA approves Shanghai Fosun Pharma's drug registration application of Levofloxacin Injection

    • 506820.IN -- CDSCO approves AstraZeneca Pharma India to import acalabrutinib maleate tablets 100 mg for additional indication

    • 532827.IN -- Page Industries reports Q4 EPS INR160.24 vs FactSet INR149.98 [9 est, INR133.81-162.48]

    • NTES -- NetEase reports Q1 non-GAAP EPADS CNY17.46 vs FactSet CNY15.12 [15 est, CNY13.20-16.38]

    • 2005.HK -- SSY Group receives four drug production and registration approvals from NMPA

    • 301358.CH -- Hunan Yuneng New Energy Battery Material plans for secondary listing on Hong Kong Stock Exchange

    • 4715.MK -- Genting Malaysia reports Q1 EPS (0.1sen) vs year-ago 1.3sen

    • 002294.CH -- Shenzhen Salubris Pharmaceuticals receives clinical trial approval for SAL0195 injection for treatment of hyperlipidemia

    • 532388.IN -- Indian Overseas Bank approves equity capital raising of up to INR50.00B via methods including QIP

    • 2881.TT -- Fubon Financial Holding reports Q1 EPS NT$2.40 vs FactSet NT$2.76 [5 est, NT$1.91-3.15]

    • 532144.IN -- Welspun reports Q4 consolidated net income attributable INR3.70B vs FactSet INR4.50B [4 est, INR4.28-4.79B]

    • 3696.HK -- InSilico Medicine Cayman TopCo initiated buy at UBS

    • 531344.IN -- StreetAccount Consensus Metrics Preview - Container Corp. of India Q4 Earnings

  • On Deck:

    • China:

      • Economic:

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

    • Hong Kong:

      • Earnings:

        • Lenovo Group (992.HK)

    • Japan:

      • Economic:

        • 08:30 JST: CPI National Y/Y; consensus +1.8%

        • 08:30 JST: CPI Core National Y/Y; consensus

        • 08:30 JST: CPI ex-Fresh Food and Energy; consensus +2.2%

      • Earnings:

        • Asahi Group Holdings (2502.JP)

    • New Zealand:

      • Economic:

        • 10:45 NZST: Retail Sales Q/Q; consensus

    • India:

      • Earnings:

        • The Ramco Cements (500260.IN), Colgate-Palmolive (India) (500830.IN), 3M India (523395.IN), Sun Pharmaceutical Industries (524715.IN), Jubilant Pharmova (530019.IN), Info Edge India (532777.IN), Minda Corp. (538962.IN), Maharashtra Seamless (500265.IN), Century Plyboards (India) (532548.IN), Fortis Healthcare (532843.IN), Narayana Hrudayalaya (539551.IN), IRCON International (541956.IN), Indigo Paints (543258.IN)

    • Taiwan:

      • Earnings:

        • SinoPac Financial Holdings Co. (2890.TT)

  • Market Data:

    • Gold (Jun 26): (0.08%) to $4538.70

    • WTI Crude (Jul 26): +1.36% to $97.66

    • USDJPY +0.02% to 159.01

    • USDKRW (0.12%) to 1502.81

    • AUDUSD +0.00% to 0.715

    • USDCNY (0.01%) to 6.7993

    • USDINR (0.01%) to 96.17

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