Asian Session Summary: Tuesday, June 10, 2025
Asian Session Summary: Tuesday, June 10, 2025
Asian Market Overview
Asian markets showed mixed performances on Tuesday, awaiting clarity on trade negotiations between the US and China, focused on rare earths. The drop in gold reflects an easing of perceived tensions.
Japan – Nikkei 225 +0.78%
The Nikkei extended its rally with a third consecutive bullish session, supported by a weaker yen (around 145/USD) benefiting exporters. Governor Ueda hinted at a possible rate hike if inflation stabilizes around 2%.
Stocks on the move: Sony +1.2%, Toyota +0.9%, Fast Retailing +1.4%
China – Shanghai Composite -0.61%
Chinese markets remained cautious, awaiting tangible results from the second day of rare earth discussions in London. The lack of clear direction limited positions.
Impacted sectors: Technology (-1.2%), industry (-0.7%), energy flat
Hong Kong – Hang Seng -0.25%
Pressure increased on the electric vehicle sector as tensions rose between BYD and Great Wall over emissions standards. Geely added to the fray with criticisms of BYD’s aggressive pricing tactics.
Key stocks: BYD -2.1%, Great Wall Motor -1.8%, Geely -1.6%
India – Sensex +0.04%
Flat session as investors were cautious ahead of May inflation data. Consensus expects a drop to 3%, the lowest since 2019.
Stocks to watch: HDFC Bank +0.3%, Tata Motors -0.2%, Infosys +0.5%
Australia – ASX 200 +0.86%
Lifted by improving consumer and business confidence, the Australian index neared 4-month highs.
Macro data: Consumer sentiment +0.5% in June; business confidence (NAB) at +2 in May
Why does it matter?
Stability in Asia despite geopolitical and economic uncertainties signals growing investor resilience. However, ongoing tensions around strategic supply chains (rare earths) could quickly reignite global market volatility.
US After Market Highlights
Analysis of stock movements after Wall Street’s close.
Casey's General Stores (CASY) +10.63% → Strong Q4 results with EPS of $2.63 (+$0.71 vs consensus) and better-than-expected revenue. Dividend increase announced.
Calavo Growers (CVGW) -13.48% → Weak Q2 results weighed down by lower tomato sales and customs costs.
AirSculpt (AIRS) -15.84% → Announced capital raise through a public share offering.
Ondas Holdings (ONDS) -11.31% → Public offering of common stock and warrants.
Cracker Barrel (CBRL) -5.04% → Announced $275M convertible note issue maturing 2030.
Cohen & Steers (CNS) +4.99% → Increase in assets under management due to $1.3B market appreciation.
US Premarket Futures
Dow Futures: +0.02%
S&P 500 Futures: +0.06%
Nasdaq 100 Futures: +0.06%
Conclusion
Asian markets remain cautious ahead of key macro data (US CPI, Indian inflation) and the outcome of US-China discussions. The rebound in Japanese exporters contrasts with caution in China.
At-risk sectors: Energy in China, Electric Vehicles in Hong Kong, US Retail during reporting season.
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Wishing you all a great session
Sylvain Mouilhaud: Stock Coach