Asian Session Summary: June 23, 2025

Asian Markets Overview

Japan – Nikkei 225  0.14%

Decline due to investor concerns about potential Iranian retaliation following U.S. strikes on Iranian nuclear sites, despite the manufacturing PMI returning to growth territory.
Movers: yen weakened to +146 $/; manufacturing and services recovering.

China – Shanghai Composite  0.26%

Modest rebound despite a drop in FDI (-13.2%), offshore yuan rises (≈ 7.18 $) and weighs on exports.
Affected sectors: tech steady, real estate and finance under pressure.

Hong Kong – Hang Seng  0.27%

Resilience supported by a high current account surplus (HKD 125.2bn) and controlled inflation (1.9%).
Key stocks: mix of tech, finance, and real estate.

India – Sensex  0.80%

Profit-taking after a record, despite very strong PMIs (manufacturing 58.4 / services 60.7).
Stocks to watch: banks and infrastructure, drivers of domestic growth.

Australia – AS51  0.39%

Pressure from geopolitical tensions, AUD falling (~0.640 $); manufacturing PMI stable (51.0), services rising (51.3), private activity accelerating (51.2).
Sensitive sectors: commodities, exports.

Importance: US-Iran tensions dominate, impacting currencies, commodities, and the regional risk appetite, even in domestically growing economies.

Conclusion
Geopolitics dominate markets.
To watch: exports, travel, commodities.
Key events: Australia CPI, US PMI/inflation, Iran's decisions.

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Have a great session, everyone
Sylvain Mouilhaud: Equity Coach