Asian Session Summary: August 28, 2025
Japan – Nikkei 225 +0.69%
Supported by hawkish expectations from the Bank of Japan, which plans to continue its monetary tightening cycle if its economic forecasts are confirmed. 10-year yields remain near a 17-year high at 1.62%.
China – Shanghai Composite -0.08%
Continued weakness despite the yuan’s strengthening offshore for the 5th consecutive session, driven by a weaker dollar. Investors remain cautious amid an uncertain macroeconomic environment.
Hong Kong – Hang Seng -0.76%
Third consecutive declining session. The tech, consumer, and financial sectors weighed on the index, bringing it to a one-week low.
India – Sensex -0.27%
Difficult recovery after a holiday: rising trade tensions with the United States after a 25% surcharge on Indian goods, in response to purchases of Russian oil.
Session Summary
Mixed performances in Asia despite a new S&P 500 record. Markets remain cautious amid geopolitical tensions and monetary policy signals, especially ahead of the US PCE index release.
US After-Market Overview
Pure Storage ($PSTG) +16.10% → Results and forecasts well above expectations thanks to AI-related demand.
Snowflake ($SNOW) +13.19% → 32% Q2 growth driven by adoption of its AI solutions.
Phibro Animal Health ($PAHC) +18.01% → Non-GAAP EPS of $0.57 (+$0.05 vs consensus) and revenue above expectations.
CEL-SCI ($CVM) -38.19% → Sharp drop following the announcement of a proposed public stock offering.
NetApp ($NTAP) -6.71% → Results and outlook in line with expectations but lacking positive catalyst, disappointing investors.
US Futures Pre-Market
Dow Futures: +0.03%
S&P 500 Futures: +0.03%
Nasdaq 100 Futures: +0.03%