Oct 21 ,2026
Synopsis:
Asian markets set for mixed start to Thursday trade. Futures signaling small opening declines in Hong Kong and South Korea, mild initial gain in Japan. S&P 500 futures weakening afterhours. Australian bond yields declining after Treasury curve flattened overnight. FX markets steady with dollar flat against majors. Crude strengthening in post-settlement trade. Gold and silver little changed. Bitcoin flat near two-week high.
Positive leads for Asian semis/memory producers from bounce in AI trade (SOX closed up 2%). Most of the focus was on SPCX's blowout results and revenue contribution from SI, which seemed to reinforce strong outlook for compute demand. Middle East situation turned more cautious following reports of US preparing embassy departures ahead of potential conflict, which led to an oil bounce and rise in front-end yields.
Big tech reporting after US market close, META revenue topped estimates with Q4 guidance midpoint also above consensus. Touted Muse success with focus now on scaling it up. Lifted lower end of 2026 capex guidance range. Confirmed establishment of non-voting shares, amounting to 2:1 stock split, with funds earmarked for acquisitions and AI expansion. TSLA beat on top and bottom line, touting strength in passenger car and ESS backlog. Q3 investment came in light with firm also downgrading 2026 capex forecast, raising questions about future growth. Musk also confirmed exploratory talks on TSLA-SCPX merger.
Pre-open Company News:
1779.HK -- LongBio Pharma (Suzhou) releases topline data from phase II clinical trial of LP-005 for treatment of PNH
2386.HK -- SINOPEC Engineering (Group) reports 9M total value of new contracts CNY61.35B; StreetAccount notes year-ago figure was CNY91.35B
601628.CH -- China Life Insurance sells 33.7% stake in China Life Pension to controlling shareholder for CNY4.15B cash
086790.KS -- StreetAccount Consensus Metrics Preview - Hana Financial Q3 Earnings
3311.HK -- China State Construction International Holdings reports 9M revenue (including share of JVs) CNY60.79B, (24%) vs year-ago restated CNY80.39B
2575.HK -- Xuanzhu Biopharmaceutical's anaprazole sodium meets primary endpoint in phase III reflux esophagitis trial
2723.HK -- Beijing DeepZero Technology signs MoU with Huawei Cloud to develop AI marketing solutions, terms undisclosed
002024.CH -- Suning.com completes sale of Nanjing Ningqida Logistics for CNY200M through public auction
300604.CH -- Hangzhou Chang Chuan Technology guides 9M net income attributable CNY1.72-1.82B vs year-ago CNY865.4M
6770.TT -- Powerchip Semiconductor Manufacturing reports Q3 EPS NT$1.38 vs FactSet NT$0.96 [6 est, NT$0.74-1.33]
9676.HK -- Shiyue Daotian Group initiated buy at Huatai Securities (timing uncertain)
Erste Group initiates 6098.JP, APH, EBAY; upgrades ISRG; downgrades 7936.JP, JNJ, SU.FP, and VOLV.B.SS (earlier, timing uncertain)
532720.IN -- Mahindra & Mahindra Financial Services reports Q2 standalone EPS INR6.34 vs FactSet INR6.28 [4 est, INR6.03-6.50]
600415.CH -- Zhejiang China Commodities City Group reports Q3 net income attributable CNY1.48B vs FactSet CNY2.07B [1 est]
300498.CH -- Wen's Foodstuff Group reports Q3 net income attributable (CNY595.5M) vs FactSet (CNY622.9M) [1 est]
On Deck:
China:
Economic:
08:00 CST: Foreign Direct Investment Y/Y; consensus
Earnings:
Asymchem Laboratories (Tianjin) (002821.CH), Sinoma International Engineering (600970.CH), Shenzhen Senior Technology Material (300568.CH)
Hong Kong:
Earnings:
Ping An Healthcare & Technology (1833.HK), Prada (1913.HK), China Telecom (728.HK), Prada (1913.HK)
Japan:
Earnings:
DISCO Corp. (6146.JP)
South Korea:
Economic:
11:10 KST: BoK Repo Rate; consensus +3%
Earnings:
Samsung E&A Co. (028050.KS), LG Display (034220.KS), IPARK HYUNDAI DEVELOPMENT (294870.KS)
Australia:
Earnings:
Alkane Resources (ALK.AU), Mirvac (MGR.AU)
New Zealand:
Earnings:
Genesis Energy (GNE.NZ), ikeGPS Group (IKE.NZ)
India:
Earnings:
Chennai Petroleum (500110.IN), Colgate-Palmolive (India) (500830.IN), Havells India (517354.IN), Tata Teleservices (Maharashtra) (532371.IN), CIE Automotive India (532756.IN), Nippon Life India Asset Management (540767.IN), Hindustan Petroleum (500104.IN), Jindal Stainless (532508.IN), Adani Energy Solutions (539254.IN), Adani Total Gas (542066.IN), Nuvoco Vistas (543334.IN)
Singapore:
Earnings:
Frasers Centrepoint Trust (J69U.SP), Alpha Integrated REIT (M1GU.SP), Suntec Real Estate Investment Trust (T82U.SP)
Market Data:
Gold (Dec 26): ($5.90) or (0.14%) to $4144.10
WTI Crude (Dec 26): +$0.82 or +0.84% to $97.97
$-¥: (0.05) or (0.03%) to 158.1150
$-KRW: (0.44) or (0.03%) to 1325.8400
A$-$: +0.00 or +0.34% to 0.7026
$-INR: (0.29) or (0.31%) to 94.4442
$-CNY: (0.00) or (0.03%) to 6.6762
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