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StreetAccount Summary - Asian Market Preview: Nikkei Futures (4.02%), Hang Seng Futures (1.38%), S&P Futures (0.01%)

Jun 07 ,2026

  • Synopsis:

    • Asian markets set for negative start to Monday trade. Futures signaling heavy opening declines in Japan and South Korea. Hang Seng futures also lower. Australia closed for public holiday. US contracts flat after Nasdaq capped worst seek since Apr-2024. Crude higher on latest Middle East flare-up. Gold little changed while silver widening Friday's selloff. FX markets steady after dollar strengthened following strong US employment data. Bitcoin hovering near ytd low.

    • Middle East tensions went up another notch after Iran fired missile barrage at Israel, which were intercepted and didn't appear to result in injuries. Crude rallying on headline effects though Trump conducted series of press interviews urging Israel not to retaliate. Talks have seemingly made little headway in recent weeks though Trump claimed an agreement is close with a couple of areas of disagreement left (access to frozen Iranian assets being one of them). Diplomatic efforts have dovetailed with sporadic fighting along Strait of Hormuz with US shooting down more Iranian drones over weekend.

    • Markets open on back of negative offshore leads following Friday's big selloff in US semis (SOX down 10% in worst day since Mar-2020). Momentum unwind occurred alongside backup in Treasury yields following solid US nonfarm payrolls data. Underwhelming AVGO results/guidance a commonly cited catalyst for late week volatility that featured heavy losses in South Korea's memory majors. Preceding run-up had also been accompanied by longstanding concerns about stretched valuations, overheating technical signals and extreme concentration.

    • Japan final Q2 GDP (Mon) expected to show downward revision following soft capex figures. China trade data (Tues) comes after front-loading inflated export growth in April. China inflation data (Wed) expected to show raw material costs pushing up factory-gate inflation further. China credit data (unscheduled) follows reports PBOC told banks to boost lending last month. Taiwan exports (Tues) expected to show another big rise in semiconductor shipments. Japan industrial production (Fri), India CPI (Fri), Australian consumer and business sentiment surveys (Tues) also due out this week.

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