Jul 28 ,2026
Synopsis:
Asian markets set for mixed start to Wednesday trade. Futures signaling opening losses in South Korea, initial gains in Hong Kong and Australia, and flat start in Japan. S&P 500 futures unchanged afterhours. Australian bonds weaker at the front end ahead of CPI data. Treasuries finishedstronger across the curve on Tuesday. Crude rebounding after Iran renewed tensions in Middle East (rejected Oman SoH proposal and fired missiles at Jordan). Gold and silver weaker. Dollar steady against majors. Bitcoin down to mid-July lows.
SK Hynix (000660.KS) quarterly results missed on top and bottom line. Company revealed 10 long-term agreements (LTAs) and is continuing discussions with major clients. Flagged ramp in shipments of HBM4 over H2 and noted development of HBM4E on track with samples shipped. Stock fell ~15% Tuesday to lowest levels since early May, having lost almost 50% of its market value since June record high. US ADRs fell another 9% overnight.
AI trade came under further pressure in US trading with SOX losing another 4.5% and nearing two-month low. Broader selloff in chip and chip-related names comes amid heightened scrutiny on competitive threats from China (open-source models, CXMT, DUV production) circular financing, widening hyperscaler credit spreads and role of leverage in fueling swings in South Korea. Technicals also getting blame for weakness amid a continued unwinding of crowded longs.
Pre-open Company News:
9858.HK -- China Youran Dairy Group guides H1 net income attributable CNY739-903M vs year-ago (CNY297M)
3692.HK -- Hansoh Pharmaceutical Group discloses phase III trial of HS-20093 met primary endpoint in osteosarcoma
6938.HK -- Suzhou Ribo Life Science receives EMA approval for phase IIb clinical trial of vortosiran for SPAF
8035.JP -- StreetAccount Consensus Metrics Preview - Tokyo Electron Q1 Earnings
500830.IN -- StreetAccount Consensus Metrics Preview - Colgate-Palmolive (India) Q1 Earnings
000725.CH -- BOE Technology Group holder Beijing Electronics Holding to buy CNY500M-1B of shares on market within six months
4307.JP -- StreetAccount Consensus Metrics Preview - Nomura Research Institute Q1 Earnings
542649.IN -- Rail Vikas Nigam receives INR3.59B EPC contract from East Central Railway
098460.KS -- Koh Young Technology upgraded to outperform from hold at CLSA
532296.IN -- Glenmark Pharmaceuticals launches generic to BRIDION injection in 200Mg and 500Mg single-dose vials in the US
534816.IN -- Indus Towers releases sustainability report
532400.IN -- Birlasoft reports Q1 consolidated EPS INR5.70 vs FactSet INR5.85 [10 est, INR5.10-6.70]
2039.HK -- CIMC (Group) to acquire additional 18.1% stake in CIMC-TianDa for $100M, raising ownership to 83.7%
543526.IN -- Life Insurance Corporation of India appoints executive director Shatmanyu Shrivastava as new CFO, effective today
539448.IN -- InterGlobe Aviation publishes Business Responsibility and Sustainability Report for FY2025-26
On Deck:
Hong Kong:
Earnings:
ASMPT (522.HK), HKT Trust & HKT (6823.HK)
Japan:
Earnings:
MARUWA (5344.JP), Nippon Sanso Holdings (4091.JP), ZEON Corp (4205.JP), Dentsu Soken (4812.JP), Komatsu (6301.JP), Hitachi (6501.JP), NEC Corp (6701.JP), Advantest (6857.JP), Enplas (6961.JP), Nomura Holdings (8604.JP), Tokyo Electric Power Co. Holdings (9501.JP), Kinden (1944.JP), Toenec (1946.JP), SMS Co. (2175.JP), Tokyo Electron Device (2760.JP), Tokuyama (4043.JP), DKS Co. (4461.JP), Future (4722.JP), Socionext (6526.JP), Makita (6586.JP), Japan Aviation Electronics Industry (6807.JP), Koito Manufacturing (7276.JP), The Shiga Bank (8366.JP), Hokuhoku Financial Group (8377.JP), ACOM Co. (8572.JP), ANA HOLDINGS (9202.JP), Chubu Electric Power (9502.JP), Hokuriku Electric Power (9505.JP), Tohoku Electric Power Co. (9506.JP), METAWATER (9551.JP)
South Korea:
Earnings:
SK Hynix (000660.KS), GS Engineering & Construction (006360.KS), HANWHA SOLUTIONS (009830.KS), KG DongbuSteel (016380.KS), Samsung C&T (028260.KS), KOREA AEROSPACE INDUSTRIES (047810.KS), LG H&H (051900.KS), KRAFTON (259960.KS), Hyundai Autoever (307950.KS), Samsung Electronics (005930.KS), KIWOOM Securities (039490.KS), HK inno.N (195940.KS)
Australia:
Economic:
11:30 AEST: CPI NSA Q/Q; consensus +0.7%
11:30 AEST: RBA Trimmed Mean CPI Q/Q; consensus
Earnings:
Appen (APX.AU), Atlas Arteria (ALX.AU), Mineral Resources (MIN.AU), Woodside Energy Group (WDS.AU)
New Zealand:
Earnings:
ikeGPS Group (IKE.NZ)
India:
Earnings:
Colgate-Palmolive (India) (500830.IN), Adani Ports & Special Economic Zone (532921.IN), KPIT Technologies (542651.IN), Devyani International (543330.IN), Vedanta Power (544781.IN), Vedanta Iron & Steel (544784.IN), Prestige Estates Projects (533274.IN), Garden Reach Shipbuilders & Engineers (542011.IN), JK Lakshmi Cement (500380.IN), Balkrishna Industries (502355.IN), Zensar Technologies (504067.IN), Triveni Engineering & Industries (532356.IN), Redington (532805.IN), V-Guard Industries (532953.IN), Syngene International (539268.IN), Quess Corp. (539978.IN), Chalet Hotels (542399.IN), MTAR Technologies (543270.IN), Craftsman Automation (543276.IN), Laxmi Organic Industries (543277.IN), Star Health & Allied Insurance (543412.IN), Syrma SGS Technology (543573.IN), Piramal Pharma (543635.IN), WAAREE Energies (544277.IN), Hexaware Technologies (544362.IN), Vedanta Oil & Gas (544782.IN)
Singapore:
Earnings:
CapitaLand India Trust (CY6U.SP), Keppel REIT (K71U.SP), Keppel (BN4.SP), Digital Core REIT (DCRU.SP), Starhill Global REIT (P40U.SP)
Taiwan:
Earnings:
Yageo (2327.TT), President Chain Store (2912.TT), Taiwan Union Technology (6274.TT), Elite Material (2383.TT)
Philippines:
Earnings:
Manila Electric (MER.PM)
Market Data:
Gold (Aug 26): ($20.00) or (0.50%) to $4018.70
WTI Crude (Sep 26): +$3.27 or +4.13% to $82.53
$-¥: +0.11 or +0.07% to 163.8640
$-KRW: (12.09) or (0.83%) to 1452.9700
A$-$: (0.00) or (0.26%) to 0.6973
$-INR: (0.20) or (0.20%) to 95.5982
$-CNY: +0.00 or +0.07% to 6.7703
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