Asian Session Summary: Wednesday, June 4, 2025
Asian Market Recap
Asian markets advanced this Wednesday, bolstered by Wall Street’s bullish momentum. However, caution prevails amid ongoing geopolitical uncertainty and speculation over possible talks between Donald Trump and Xi Jinping.
Japan – Nikkei 225 +0.82%
Technical rebound after three losing sessions, driven by services (PMI up to 51.0). The yen remains stable after a sharp slide, and investors welcome the resilience of the tertiary sector.
Stocks in motion: SoftBank +1.4%, Fast Retailing +0.9%
China – Shanghai Composite +0.41%
Second consecutive day of gains, thanks to tech and a more positive Wall Street climate. Hopes for possible Trump–Xi talks also boost confidence.
Impacted sectors: Technology , Real Estate stable, Moderate Finance
Hong Kong – Hang Seng +0.75%
Rebound continues with a notable pick-up in consumer and tech stocks. The PMI remains in contraction (49.0) but shows sequential improvement.
Top performers: Alibaba +2.2%, Tencent +1.5%, Meituan +1.8%
India – Sensex +0.20%
Slight market rise despite services PMI being revised down (58.8 vs 61.2). Economic momentum remains strong on the back of domestic demand.
Stocks to watch: Infosys +0.7%, Tata Steel +0.4%, HDFC Bank +0.3%
South Korea – Kospi +1.1%
South Korean assets rebound on lower inflation (1.9%) and political stability after the presidential election. The won hits an eight-month high.
Stocks to note: Samsung Electronics +2.3%, Hyundai Motor +1.1%
Australia – ASX 200 +0.78%
The index hits a three-month high despite disappointing GDP (+0.2% in Q1). Hopes of a more dovish RBA support the market.
Key sectors: Defensive consumption, Finance, Services
Why is this important?
This broad rebound in Asia signals a return of risk appetite globally, spurred by easing political tensions and hopes for US-China dialogue. A favorable dynamic for tech stocks and emerging currencies.
US After-Market Roundup
Analysis of post-closing moves on Wall Street:
Guidewire Software (GWRE) +11.15% → Explosive quarterly results: EPS $0.88 (+$0.41 vs expectations), revenue above forecasts.
Asana (ASAN) -8.00% → Despite beating expectations, prudent guidance weighed heavily on the stock.
Hewlett Packard Enterprise (HPE) +4.86% → Revenue and profit above expectations, well received.
Orange County Bancorp (OBT) -5.34% → Significant dilution expected after announcing a $40M fundraising.
US Futures Pre-market
Dow Futures: -0.02%
S&P 500 Futures: -0.03%
Nasdaq 100 Futures: -0.07%
Conclusion
Markets start the day on a solid footing in Asia, but US futures point to a technical pause. Investors are awaiting this week’s US jobs numbers.
To watch: increased volatility in US tech, possible adjustments in banks and Asian currency effects.
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Have a great trading session everyone
Sylvain Mouilhaud: Stock Coach