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StreetAccount Summary - Asian Market Recap: Nikkei (0.74%), Hang Seng (1.89%), Shanghai Composite (0.59%) as of 04:10 ET

Aug 24 ,2026

  • Synopsis:

    • Asia equities ended mostly lower Monday. Another slide in technology stocks dragged the Kospi, Taiex and Shenzhen lower while Hong Kong's IT & internet sector underperformed. Mainland China benchmarks also fell. Modest losses for India and Southeast Asia. Australia's ASX and Japan's Topix the only two major boards to remain positive. US futures indicate a soft opening, Europe lower in the first hour. US dollar strengthening late on, yen notably weaker again. Treasury and JGB yields mixed and in a narrow range. Precious metals mixed, iron ore leading base metals. Crude futures sharply lower after US pledged extensive economic sanctions against Iran.

    • More losses for large-cap technology stocks in Asia Monday as several negative-leaning drivers took hold. First, Samsung Electronics (005930.KS) lost almost 9% after its shareholder return program announced Friday disappointed. Second, SoftBank (9984.JP) stock came under pressure after it announced a record retail bond offering this week. And third, Alibaba (9988.HK) disappointed after announcing a $10.2B share placement at a steep discount to fund its AI capex program; its stock also lost nearly 9% in Hong Kong. China's AI pure plays under pressure on read through from Alibaba's news with MiniMax (100.HK) and Z.AI (2513.HK) both underperforming a down market.

    • In other developments, Treasury prices eased higher in Asia trade to send long-dated yields down marginally as traders eye Fed Chair Warsh's speech on Friday and Treasury Secretary Bessent's fiscal consolidation plan later today. The Nikkei reported Tokyo faces a $63B fiscal shortfall in fiscal-year 2027, with no apparent sustainable solutions. Regional inflation concerns also reignited after Singapore posted July inflation had moved to a two year high on a surge in domestic energy prices.

    • Alibaba (9988.HK) announced plans to raise HK$80B ($10.2B) through a share sale; stock sharply lower in Hong Kong. Baidu (9888.HK) said it has no plans to raise capital through a share placement. SoftBank (9984.JP) plans a record-high ¥1T ($6.3B) retail bond sale on Wednesday to be priced on 4-Sep and with a coupon of 4.3-4.9%, according to a Bloomberg report. Zijin Mining (2899.HK) said it full-year copper production target was under pressure because of flooding and a major Condo-based mine, adding to global supply problems. Hanmi Pharmaceutical (128940.KS) has signed a technology-transfer agreement with Genentech for the commercialization and manufacturing of its obesity drug. Samsung Electronics (005930.KS) said its shareholder return will be in the KRW90-110T range, launched a KRW15T share buyback scheme to run to November.

  • Digest:

    • Notable Gainers:

      • +30% 128940.KS (Hanmi Pharmaceutical Co.): signs technology transfer agreement with Genentech for HM17321(LA-UCN2)

      • +7.7% 006400.KS (Samsung SDI): to sell 13M Samsung Display shares to Samsung Display for KRW4.450T

      • +6.2% 6055.HK (China Tobacco International (HK)): reports H1 net income attributable HK$627.0M vs guidance HK$600.4-635.8M

      • +5.9% 386.HK (Sinopec (China Petroleum & Chemical)): reports H1 CAS net income attributable CNY25.63B, +19% vs year-ago CNY21.48B

      • +5.6% 1114.HK (Brilliance China Automotive Holdings): reports H1 net income attributable CNY778.5M vs guidance CNY748M

      • +2.3% 251270.KS (Netmarble): chairman Bang Jun-hyuk plans to acquire 11.2M shares via block trade

    • Notable Decliners:

      • -15.7% 1513.HK (Livzon Pharmaceutical Group): reports H1 net income attributable CNY932.2M, (27%) vs year-ago CNY1.28B

      • -8.7% 005930.KS (Samsung Electronics): projects 2026 shareholder returns to be in KRW90-110T range; launches KRW15.000T on-market buyback; to run from 24-Aug through 21-Nov

      • -8.5% 9988.HK (Alibaba Group): offering 710M shares at HK$112.70/share

      • -7.7% 300308.CH (Zhongji Innolight): reports H1 results

      • -2.3% 763.HK (ZTE): reports H1 net income attributable CNY2.75B, (46%) vs year-ago CNY5.06B

  • Data:

    • Economic:

      • New Zealand Q2

        • Retail sales q/q (0.5%) versus +1% in prior quarter

      • Singapore July

        • CPI y/y +2.2% versus consensus +2.6% and +1.9% in prior month

    • Markets:

      • Nikkei: (488.27) or (0.74%) to 65528.09

      • Hang Seng: (492.13) or (1.89%) to 25517.33

      • Shanghai Composite: (23.19) or (0.59%) to 3882.01

      • Shenzhen Composite: (42.32) or (1.67%) to 2497.18

      • ASX200: 44.20 or +0.49% to 9103.10

      • KOSPI: (215.99) or (3.12%) to 6696.96

      • SENSEX: (252.57) or (0.33%) to 77288.26

    • Currencies:

      • $-¥: +0.24 or +0.15% to 159.1990

      • $-KRW: (2.17) or (0.16%) to 1384.0220

      • A$-$: (0.00) or (0.09%) to 0.7163

      • $-INR: +0.01 or +0.01% to 95.7258

      • $-CNY: +0.00 or +0.01% to 6.7220

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
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