Jul 06 ,2026
Synopsis:
Asian markets set for cautious start to Tuesday trade. Futures signaling flat starts in Hong Kong, Australia and Australia, and small initial gain in Japan. S&P 500 futures unchanged afterhours. Australian and New Zealand bonds little changed after front-end Treasury yields declined. Crude steady. Gold and silver holding around overnight close. FX market price action muted. Bitcoin at two-week high.
Momentum trade rebounded in offshore session with SOX up 2% following 11% drawdown over prior two sessions. Semis/memory have invited scrutiny lately amid very crowded positioning and concentration risks. No change in fundamentals with attention pulled ahead to bullish expectations surrounding Samsung's earnings and SK Hynix's US trading debut. In other developments, AVGO extended its tech collaboration with AAPL.
Samsung Electronics (005930.KS) preliminary Q2 operating profit topped estimates though revenue slightly below. Just headline numbers with company to report full results and commentary later in July. Focus areas likely to revolve around extent of ASP-driven growth (Analysts estimated DRAM and NAND ASP up 40% and 50% respectively over Q2), updated timeline for expected memory supply shortage and long-term supply agreements. Stock rallied 3% on Monday.
Pre-open Company News:
603979.CH -- JCHX Mining Management plans to list in Hong Kong
TU.TB -- Thai Union Group Public CFO Ludovic Garnier redesignated as managing director, effective immediately
300296.CH -- Leyard Optoelectronic launches CNY100.0-200.0M buyback programme at up to CNY9.82/share
600383.CH -- Gemdale Corp. reports June contracted sales CNY1.70B, (45.2%) y/y
500380.IN -- JK Lakshmi Cement releases FY2025-26 annual report, including business responsibility and sustainability report beginning on page 141
2667.HK -- Beijing Tong Ren Tang Healthcare Investment's 108.2M-share IPO priced at HK$5.5/share
Hong Kong stock connect daily turnover
511243.IN -- Cholamandalam Investment & Finance releases FY2025-26 annual report, including business responsibility and sustainability report beginning on page 102
1024.HK -- Kuaishou Technology holder Tencent disposes 272.9M shares in off-market block trade on 6-Jul
1.HK -- CK Hutchison initiating the required information and consultation processes in connection with a contemplated change in ownership of Marionnaud by BEHN
2562.HK -- Synagistics chairman Lee Shieh-Peen Clement resigns, effective 6-Jul
603225.CH -- Xin Feng Ming Group guides H1 net income attributable CNY1.38-1.50B vs year-ago CNY709.2M
BLDP -- Ballard Power Systems holder Weichai Power files notice of proposed sale of 15.0M shares through CLSA - 144
543904.IN -- Mankind Pharma initiated add at Incred Capital
500680.IN -- Pfizer Ltd. (India) releases sustainability report (pg. 103)
On Deck:
China:
Economic:
16:00 CST: FX Reserves; consensus
Japan:
Economic:
08:30 JST: Real Household Income Y/Y; consensus
08:30 JST: Real Household Consumption Expenditure Y/Y; consensus
08:50 JST: FX Reserves M/M; consensus
14:00 JST: Leading Index (Preliminary); consensus
Earnings:
SAN-A CO. (2659.JP), PAL GROUP Holdings (2726.JP)
Taiwan:
Economic:
16:00 TST: CPI NSA Y/Y; consensus +2%
Philippines:
Economic:
09:00 SST: CPI Y/Y; consensus +6.8%
Market Data:
Gold (Aug 26): +$6.80 or +0.16% to $4174.30
WTI Crude (Aug 26): +$0.25 or +0.36% to $68.80
$-¥: +0.94 or +0.58% to 162.0510
$-KRW: (9.82) or (0.64%) to 1530.3030
A$-$: +0.00 or +0.58% to 0.6958
$-INR: +0.10 or +0.10% to 95.6035
$-CNY: +0.01 or +0.10% to 6.7954
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