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StreetAccount Summary - Asian Market Preview: Nikkei Futures +1.35%, Hang Seng Futures (0.67%), ASX SPI 200 +0.24%, S&P Futures (0.05%)

Jul 22 ,2026

  • Synopsis:

    • Asia equities poised for a mostly higher open Wednesday. Futures in Japan, South Korea and Australia traded firmer, while Hong Kong lagged. Japan ADRs broadly higher, Golden Dragon China index fell 0.68%. US contracts mildly softer following broad overnight gains and positive sector breadth. Tech leads were positive with SOX index up a sharp 5.21%, big tech mostly higher with strength concentrated outside of Mag 7. US Treasuries were weaker with the curve flattening; yields were up 2-5 bp. Dollar index was up 0.2%. Gold finished up 1.6%. Bitcoin futures were up 2.1%. WTI crude settled up 2.3%.

    • Tech strength returned to fore, largely attributed to dip-buying and FOMO dynamic on any upside, supported by some positive headlines tied to big tech names. Yet, attention increasingly turning to upcoming earnings as the next major checkpoint. AI plays facing a high bar, while capex will be subject to particular scrutiny. Middle East situation moved to the backburner and primary headline effects now largely confined to crude oil. After latest tariff developments, muted reaction to Trump's 50% tariffs on a range of Canadian imports. New levies on dozens of other countries reportedly poised to be unveiled as soon as this week as the temporary 10% global tariff due to expire Friday.

    • In Asia, notable attention on dollar strength stemming from Middle East conflict and compounded by higher oil prices. USD/JPY broke into the 163 level for the first time in 40 years. Notable lack of support from the government economic blueprint after various tweaks sought to allay market concerns about BOJ independence. Core concerns about fiscal expansion still sustaining bearish JGB market views eyeing 3% in 10y yields. China state support for equities continues to evolve as local press added to the list of SOEs announcing buybacks or increased stakes from major shareholders as part of coordinated efforts to promote positive market sentiment. In regional tech developments, US and China reportedly to hold formal AI talks in September. TSMC (2330.TT) said to be hiking prices for chip production services by up to 10% next year. SoftBank (9984.JP~) seeing some progress in raising dollar funding from US banks for Japan's $550B US investment commitment. Dollar funding requirements were raised earlier as a notable bottleneck.

  • Pre-open Company News:

    • 526299.IN -- StreetAccount Consensus Metrics Preview - Mphasis Q1 Earnings

    • 532929.IN -- Brigade Enterprises launches premium residential development in Mysuru with projected revenue potential of over INR3.00B

    • 2269.JP -- Meiji to transfer Dairy and B2B business in China to Shanghai AustAsia Food for CNY320M (~¥76B)

    • 002698.CH -- Harbin Boshi Automation signs CNY440.0M five-year industrial services contract with Guoneng Xinjiang Chemical

    • StreetAccount Macro Headlines:

    • 3858.HK -- Jiaxin International Resources Investment initiated buy at UBS

    • 600098.CH -- Guangzhou Development Group reports Q2 total power generation 7.83B kWh, +18.5% y/y

    • 600580.CH -- Wolong Electric Group chairman proposes CNY50.0-100.0M buyback programme

    • 316140.KS -- StreetAccount Consensus Metrics Preview - Woori Financial Group Q2 Earnings

    • 539254.IN -- Adani Energy Solutions reports Q1 consolidated EPS (ex-reg def bal.) INR9.44 vs year-ago INR6.88

    • 1060.HK -- Damai Entertainment Holdings releases sustainability report

    • 532343.IN -- TVS Motor reports Q1 standalone net profit INR11.74B vs StreetAccount INR10.11B

    • 540153.IN -- Endurance Technologies releases annual report 2025-26 including business responsibility and sustainability report

    • 631.HK -- Sany Heavy Equipment International Holdings CEO Qi Jian resigns to devote more time to other business commitments, effective today

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Foreign Direct Investment Y/Y; consensus

    • Japan:

      • Economic:

        • 08:50 JST: Trade Balance NSA (Preliminary); consensus

        • 08:50 JST: Import NSA Y/Y (Preliminary); consensus

        • 08:50 JST: Export NSA Y/Y (Preliminary); consensus

      • Earnings:

        • OBIC Co. (4684.JP), OBIC Business Consultants (4733.JP)

    • India:

      • Earnings:

        • HFCL Ltd (500183.IN), Nestle India (500790.IN), JSW Energy (533148.IN), NTPC Green Energy (544289.IN), Tanla Platforms (532790.IN), Hindustan Petroleum (500104.IN), SRF Ltd (503806.IN), Schaeffler India (505790.IN), HEG Ltd (509631.IN), United Spirits (532432.IN), Oracle Financial Services Software (532466.IN), UCO Bank (532505.IN), CIE Automotive India (532756.IN), Mahindra Holidays & Resorts India (533088.IN), Adani Power (533096.IN), UTI Asset Management (543238.IN)

    • Singapore:

      • Earnings:

        • OUE Real Estate Investment Trust (TS0U.SP)

  • Market Data:

    • Gold (Aug 26): +$8.90 or +0.22% to $4085.30

    • WTI Crude (Aug 26): $0.00 or 0.00% to $84.91

    • $-¥: +0.71 or +0.44% to 163.2010

    • $-KRW: +3.48 or +0.24% to 1479.4900

    • A$-$: (0.00) or (0.07%) to 0.6995

    • $-INR: (0.12) or (0.13%) to 96.3409

    • $-CNY: (0.01) or (0.08%) to 6.7651

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