Jun 17 ,2026
Synopsis:
Asian markets set for negative start to Thursday trade. Futures signalling early declines in Japan, Hong Kong, Australia and South Korea. S&P 500 futures gaining afterhours. Australian and New Zealand bonds under pressure, in-line with overnight Treasury selloff. Crude giving back earlier gains. Gold and silver nursing heavy losses. Dollar steady against majors following post-Fed rally. Kiwi weakening following New Zealand GDP. Bitcoin hovering near earlier lows.
Hawkish Fed hold decision reverberating after updated SEP showed 12.5 bps of additional tightening by end of 2026. Front-end Treasury yields recorded double-digit increases as markets moved to fully price in rate hike by October. Corresponded with dollar index rallying to highest levels since late March, corresponding with sharp pullback in precious metals. Yen touched lowest since mid-2024, renewing attention to past verbal warnings by Finance Minister Katayama. Dollar strength also likely to put focus back on struggling Asia EM currencies.
President Trump and Iran's president formally signed MoU to end conflict. Trump defended agreement, warning of economic catastrophe from prolonged conflict (though he also said bombing would restart if Iran doesn't abide by terms). However, he also conceded Iran would retain missile capability and US would eventually unfreeze assets. Agreement left open many questions with Iran claiming it will charge Hormuz tolls after 60-day period. There also remain doubts about Iran's willingness to make meaningful concessions on uranium enrichment.
Pre-open Company News:
500570.IN -- Follow-up: Jaguar Land Rover guides FY27 revenue £26B vs year-ago £23B
601699.CH -- Shanxi Lu'an Environmental Energy Development appoints Lisong Feng as CFO, effective immediately
5269.TT -- Asmedia Technology chairman Shih Chang Hsu steps down on end of tenure, effective immediately
688200.CH -- Beijing Huafeng Test & Control Technology to issue CNY749.5M convertible bonds, subscriptions opening 23-Jun through CICC
603596.CH -- Bethel Automotive Safety Systems completes acquisition of 51% stake in Yubei Steering System (Xinxiang)
002568.CH -- Shanghai Bairun Investment Holding Group targets at least 10% payout for 2026-2028
002468.CH -- STO Express reports May revenue from express deliveries CNY5.74B, +30.2% y/y
600176.CH -- China Jushi initiated recommend at Ping An Securities (timing uncertain)
658.HK -- China High Speed Transmission Equipment Group reports FY net profit CNY934.6M vs guidance of no less than CNY680M
688301.CH -- iRay Technology completes CNY100.1M buyback, total shares repurchased 987K
511218.IN -- Shriram Finance releases sustainability report
PHOE -- FTC grants antitrust clearance for Phoenix Asia's purchase of ACEA Pharma
543064.IN -- Cohance Lifesciences discloses resignation of CFO Himanshu Agarwal, effective 13-Sep-26
002568.CH -- Shanghai Bairun Investment Holding Group proposes CNY1.31B private placement for whisky expansion
On Deck:
China:
Economic:
08:00 CST: Foreign Direct Investment Y/Y; consensus
Hong Kong:
Earnings:
Eternal Beauty Holdings (6883.HK)
Malaysia:
Earnings:
Top Glove Corp. (7113.MK)
Market Data:
Gold (Aug 26): ($82.60) or (1.89%) to $4298.80
WTI Crude (Jul 26): ($0.64) or (0.83%) to $76.15
$-¥: +0.16 or +0.10% to 160.5900
$-KRW: +14.41 or +0.95% to 1524.0100
A$-$: (0.01) or (0.73%) to 0.7017
$-INR: +0.32 or +0.34% to 94.8589
$-CNY: (0.00) or (0.01%) to 6.7564
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