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StreetAccount Summary - Asian Market Preview: Nikkei Futures (0.72%), Hang Seng Futures +0.74%, ASX SPI 200 +0.40%, S&P Futures (0.12%)

Jun 23 ,2026

  • Synopsis:

    • Asian markets set for mixed start to Wednesday trade. Futures signaling opening decline in Japan and South Korea, and gains in Australia and Hong Kong. S&P 500 futures flat afterhours. Australian bonds strengthening in-line with Treasury curve bull steepening. FX markets steady after dollar index climbed to 13-month high. Crude extending losses in post-settlement trade. Gold and silver also adding to declines. Bitcoin little changed.

    • AI/momentum sell-off carried into US session with memory and semis under pressure (SOX ended down 8%). No one factor attributed for a selloff that was considered more a function of technicals and stretched positioning. Extreme volatility in South Korea saw Kospi lose 10% Tuesday with selloff inviting more scrutiny on speculative froth, record margin debt and leveraged, single stock ETFs exacerbating swings. Also some attention to reports SK Hynix slowing production of HBM4 to focus more on DRAM.

    • In other developments, MSCI's 2026 classification review postponed review into Indonesia amid earlier speculation about a downgrade to frontier status. South Korea's emerging market status maintained though MSCI cited continued issues related to market accessibility and delayed review into potential reclassification to Developed Market status. Politico sources said US Commerce Secretary Lutnick signaled to executives administration could act against Chinese robotics imports.

  • Pre-open Company News:

    • 1177.HK -- Sino Biopharmaceutical receives NMPA marketing approval for peceleganan spray

    • 542830.IN -- Indian Railway Catering and Tourism Corporation chairman & MD Sanjay Kumar Jain resigns, effective 20-Jul

    • 1672.HK -- FDA issues IND clearance to Ascletis Pharma's ASC35 phase I trial for treatment of obesity

    • 512599.IN -- Adani Enterprises initiated overweight at Morgan Stanley

    • 002468.CH -- STO Express launches CNY350.0-450.0M buyback programme at up-to-CNY22/share

    • RCR.PM -- Robinsons Land approves property-for-share swap with RL Commercial REIT; RLC to subscribe to 1.29B-shares of RCR at PHP8.25/share

    • 2576.HK -- Zhejiang Taimei Medical Technology to launch buyback program at up to HK$11/share under mandate

    • 2627.HK -- Ab&B Bio-Tech receives NMPA IND approval for mRNA mpox vaccine

    • 688120.CH -- Hwatsing Technology downsizes proposed private placement to CNY3.80B from CNY4.00B

    • 7220.JP -- Musashi Seimitsu Industry downgraded to neutral from buy at SBI Securities Japan

    • 4911.JP -- Shiseido upgraded to equal-weight from underweight at Morgan Stanley

    • EMI.PM -- Emperador upgraded to hold from underperform at CLSA

    • 500570.IN -- Tata Motors Passenger Vehicles guides FY29 revenue in excess of INR5.000T

    • CC3.SP -- StarHub CEO Nikhil Eapen to step down at end-2026

  • On Deck:

    • Hong Kong:

      • Earnings:

        • Alliance International Education Leasing Holdings (1563.HK), China Dongxiang (Group) (3818.HK), Trip.com Group (9961.HK)

  • Market Data:

    • Gold (Aug 26): ($35.20) or (0.85%) to $4114.20

    • WTI Crude (Aug 26): ($0.46) or (0.63%) to $72.75

    • $-¥: (0.04) or (0.02%) to 161.5470

    • $-KRW: (7.46) or (0.48%) to 1530.7600

    • A$-$: (0.01) or (1.39%) to 0.6910

    • $-INR: +0.61 or +0.65% to 95.1835

    • $-CNY: +0.01 or +0.22% to 6.7896

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