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StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.33%, Hang Seng Futures +0.33%, ASX SPI 200 +0.24%, S&P Futures (0.17%)

Jun 22 ,2026

  • Synopsis:

    • Asia equities poised to open higher Tuesday. Futures in Japan, Hong Kong, South Korea and Australia all traded firmer. However, Japan ADRs were skewed to losses while Golden Dragon China index fell 1.35%. US futures softer following mixed performance overnight. Most sectors advanced, though tech leads mixed. Related S&P sector indexes were softer, SOX index rose a solid 2.04% and big tech mixed with weakness concentrated in Mag 7. US Treasuries weakened across the curve, yields up 5-6 bp; market currently pricing in ~40 bp of Fed rate hikes this year. Dollar index up 0.2%, dollar notably weaker vs sterling. WTI crude settled down 2.6%, gold finished down 0.9% and Bitcoin futures up 2.3%.

    • Elevated attention on big tech underperformance with SpaceX's (SPCX) post-IPO slump gaining the most traction; already reportedly seeking at least $20B debt financing to roll over a bridge loan. Micron (MU) earnings Wednesday seen as the next key tech-related risk event. Crude oil remains the key barometer for the Middle East situation; latest decline came on the back of progress in US-Iran talks in Switzerland, following notable headline volatility over the weekend. Yet, US yields still rose, largely attributed to catch-up from the long weekend. Caution also setting in ahead of Thursday's PCE deflator release amid ongoing reverberations from hawkish FOMC takeaways, exacerbated by concerns Fed shift away from disclosing forward guidance will add to outlook uncertainties.

    • Regional developments remain light. Yen intervention theme attracted more attention with levels now just short of the 39-year low of 161.96. Overnight bounce came after reports US Treasury Secretary Bessent held an online conference with Finance Minister Katayama with discussions said to have been focused on policy responses to yen weakness. Japan corporate developments remain positive with latest analysis showing buybacks in Jan-May already close to last year's record levels. Positive headline for risk assets on a report the government will double its goal to see the proportion of household financial assets into stocks, investment trusts and bonds to 40%. Another Asia tech milestone reached yesterday as SK Hynix (000660.KS) market cap (ex-preferred shares) surpassed Samsung (005930.KS) to become South Korea's largest company. Elsewhere, Indonesia announced a $1.5B stimulus package to be deployed in H2 to shore up economic growth.

  • Pre-open Company News:

    • 688506.CH -- Sichuan Biokin Pharmaceutical receives NMPA marketing approval for BL-B01D1 for treatment of nasopharyngeal carcinoma

    • RE4.SP -- Geo Energy Resources updates on Indonesia regulatory developments for exports

    • 2689.HK -- Nine Dragons Paper Holdings initiated buy at Northeast Securities (timing uncertain)

    • 2057.HK -- ZTO Express to acquire remaining 36.2% stake in TuXi Tech for CNY1.31B

    • 1951.HK -- Jinxin Fertility Group proposes Shenzhen hospital property ABS securitization

    • 543994.IN -- JSW Infrastructure proposes up to 230.0M-share qualified institutions placement and offer for sale for up to 33.3M-shares

    • 2688.HK -- ENN Energy Holdings upgraded to buy from outperform at Daiwa

    • 544240.IN -- Raymond Lifestyle releases sustainability report

    • 500330.IN -- Raymond releases sustainability report

    • 2661.HK -- QingSong Health Corp. to launch up to HK$100M on-market share buyback

    • 4385.JP -- Mercari upgraded to buy from neutral at Citi

    • CXL.AU -- Calix executes Joint Development agreement with Ambuja Cements for commercial-scale project at Sanghi cement plant in Gujarat, India

    • 009540.KS -- HD Korea Shipbuilding & Offshore Engineering Co. reports fatality at HD Hyundai Samho Co., Ltd. 1 Dolphin Quay Berth B

    • 1813.HK -- Hong Kong winding up petition against KWG Group Holdings further adjourned to 14-Dec

  • On Deck:

    • Australia:

      • Earnings:

        • Collins Foods (CKF.AU)

  • Market Data:

    • Gold (Aug 26): +$5.90 or +0.14% to $4208.60

    • WTI Crude (Jul 26): $0.00 or 0.00% to $74.82

    • $-¥: +0.20 or +0.12% to 161.5740

    • $-KRW: +0.25 or +0.02% to 1538.6100

    • A$-$: (0.00) or (0.21%) to 0.6998

    • $-INR: +0.32 or +0.34% to 94.7006

    • $-CNY: +0.00 or +0.07% to 6.7739

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