Sep 02 ,2026
Synopsis:
Asian markets set for positive start to Thursday trade. Futures signaling opening gains in Japan, South Korea, Hong Kong and Australia. S&P 500 futures flat after US indexes snapped three straight declines. Australian bonds firming after Treasury bull steepened. Dollar index steady after yen rebounded towards two-week high. Crude pulling back from earlier highs. Mild gains in gold and silver. Bitcoin unchanged.
In latest market developments, rate stabilization aided sentiment following recent yield volatility attributed to usual factors (deficits, inflation risks, corporate supply, oil, hawkish rate repricing). Abrupt yen spike invited speculation about fresh intervention though no signal from authorities action was undertaken. Yen spike followed another rise in JGB yields Wednesday on back of hawkish remarks from BOJ officials about prospect of quickening pace of rate hikes.
Crude stabilized following almost 10% rally this week due to resumption of US strikes, Iranian retaliation against commercial vessels and American bases across region. President Trump said not interested in negotiations though added strikes will be short-lived with aim of combating Iranian efforts to threaten ships in Strait of Hormuz. Heightened tensions fanning concerns about impact on crude supply and refined products with particular focus on diesel.
Pre-open Company News:
500400.IN -- Tata Power Co. initiated neutral at BNP Paribas Exane
9706.JP -- Japan Airport Terminal's 10.0M-share secondary offer (for holders) priced at ¥5,577/share
3692.HK -- Hansoh Pharmaceutical Group receives NMPA acceptance for HS-20093 injection's biologics license application
7581.JP -- Saizeriya reports August net sales for existing stores +10.9% y/y
6762.JP -- Street Takeaways - TDK Investor Day 2026
C38U.SP -- CapitaLand Integrated Commercial Trust expects AST2 sale to complete in mid-September
9658.HK -- Super Hi International Holding CFO Qu Cong steps off to join Haidilao International, effective immediately
CPAXT.TB -- CP Axtra Public completes acquisition of Malaysia's The Food Purveyor
2637.HK -- Haixi Pharmaceuticals submits IND application to NMPA for phase IIa trial of HX9428 for diabetic macular edema
601088.CH -- China Shenhua Energy initiated buy at Great Wall Securities (timing uncertain)
2315.HK -- Biocytogen signs non-exclusive licensing agreement with Qilu Pharmaceutical for fully human VHH antibody
532514.IN -- Indraprastha Gas publishes FY2025-26 Annual Report including Business Responsibility & Sustainability Report from page 60
532522.IN -- Petronet LNG releases sustainability report
540530.IN -- Housing & Urban Development signs MoU with Government of Bihar to provide up to INR250.00B financial assistance
On Deck:
Hong Kong:
Earnings:
SmarTone Telecommunications Holdings (315.HK)
Australia:
Economic:
11:30 AEST: Trade Balance on Goods; consensus
Malaysia:
Economic:
03:00 EST: BN Overnight Policy Rate; consensus
Market Data:
Gold (Dec 26): +$13.10 or +0.30% to $4427.70
WTI Crude (Oct 26): ($0.38) or (0.42%) to $90.63
$-¥: (1.31) or (0.82%) to 158.8700
$-KRW: (20.68) or (1.51%) to 1353.0700
A$-$: +0.00 or +0.29% to 0.7166
$-INR: (0.50) or (0.52%) to 94.4873
$-CNY: (0.00) or (0.04%) to 6.7182
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