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StreetAccount Summary - Asian Market Recap: Nikkei (0.01%), Hang Seng +1.14%, Shanghai Composite (0.06%) as of 04:10 ET

Jul 06 ,2026

  • Synopsis:

    • Asian equities overall little changed on Monday. Kospi and Taiex pared morning gains to end lower. Japan finished flat. Greater China mixed as Hong Kong continued the rebound while mainland finished lower in choppy session. India trading higher. US futures edging up after long weekend. Treasuries rose along the curve while JGBs mostly softer with curve bear steepening. Dollar stronger while yen weakened. Crude oil declining on further signs of recovery at Strait of Hormuz and OPEC+ decision for modest rise in output next month. Gold and silver both higher. Bitcoin reversed some earlier gains but still at two-week high.

    • Asian equities were largely directionless as investors turned more cautious about sustainability of AI-fueled rally, ahead of all-important earnings season. Meanwhile potential of more crude oil supply as OPEC+ decision of modest increase in oil output for next month and more ships transit through Strait of Hormuz weighing on energy costs and offering relief from inflationary pressures, seen as welcoming news for energy-dependent Asian economies. Together with weaker-than-expected US jobs report last week, markets dialing down bets of Fed rate hike in near term. Minutes from Fed meeting in June due Wednesday.

    • In regional developments, yen declines resume amid dollar strength with press commentary discussing bearish market sentiment informed by US-Japan yield differentials, concerns about Japan's fiscal trajectory driven by government's economic blueprint and doubts about lasting effectiveness of any intervention. South Korean won has eased slightly as currency begins 24-hour trading. Hong Kong will see record wave of expirations of IPO lock-up shares to hit the market this week.

    • SK Hynix (000660.KS) launching $29B US listing to sell 17.79M ADRs, representing one common share. Trading to start on Friday. Stocks fell 3.4% today. Samsung (005930.KS) reports Tuesday with consensus looking for 18-fold increase in preliminary Q2 operating profit. Hon Hai (2317.TT) reported bigger-than-expected 40% jump in quarterly sales and said AI demand is growing further. Alibaba (9988.HK) received temporary reprieve on US lobbying ban due to its alleged links with PLA.

  • Digest:

    • Notable Gainers:

      • +18.9% 1112.HK (Health & Happiness (H&H) International Holdings): guides H1 adjusted net income to more than double y/y

      • +8.6% 042660.KS (Hanwha Ocean): Canada reportedly set to announce large submarine contract winner; company named as one of two qualified suppliers

      • +7.2% 272210.KS (Hanwha Systems): provides mid-to-long term investment plans; to secure market leadership and competitiveness through space ecosystem

      • +4.6% 2678.JP (ASKUL Corp): reports FY results; revenue, operating income ahead of FactSet estimates

      • +4% 601872.CH (China Merchants Energy Shipping): guides H1 net income attributable CNY6.60-7.30B, +214-248% y/y

      • +2.7% 005930.KS (Samsung Electronics): Anthropic reportedly starts early-stage work on its own AI chip, has spoken with Samsung Electronics about possibly serving as manufacturing partner; Samsung Foundry reportedly in talks with Meta on an over KRW10T ($6.54B) contract for 3rd-gen MTIA chips

      • +0.6% 2317.TT (Hon Hai Precision Industry): reports June revenue NT$821.76B, +52.1% y/y

    • Notable Decliners:

      • -6% 3498.JP (Kasumigaseki Capital): reports 9M results; operating income ¥8.20B, (12%) vs year-ago ¥9.37B

      • -5.4% 6082.HK (Biren Technology): to raise HK$7.04B in share placement at HK$46.20/share under mandate

      • -2.8% 3046.JP (Jins Holdings): reports June existing store sales (0.1%) y/y

  • Data:

    • Economic:

      • Australia June ANZ-Indeed job advertisements (0.2%) m/m vs revised +2.0% in May

    • Markets:

      • Nikkei: (6.38) or (0.01%) to 69737.69

      • Hang Seng: 266.29 or +1.14% to 23616.32

      • Shanghai Composite: (2.41) or (0.06%) to 4041.24

      • Shenzhen Composite: (36.02) or (1.29%) to 2756.56

      • ASX200: (13.40) or (0.15%) to 8831.00

      • KOSPI: (37.01) or (0.46%) to 8051.33

      • SENSEX: 577.80 or +0.74% to 78341.70

    • Currencies:

      • $-¥: +1.16 or +0.72% to 162.2670

      • $-KRW: (8.35) or (0.54%) to 1531.7690

      • A$-$: +0.00 or +0.24% to 0.6935

      • $-INR: (0.08) or (0.08%) to 95.4287

      • $-CNY: +0.00 or +0.02% to 6.7896

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