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Asia Markets

Update: US Equity Futures Rise Pre-Bell After US Says Strikes Completed Against Iran

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday as the US said it completed attacks against Iran after another round of "self-defense strikes."Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.7% higher.The strikes, which started after a US Army Apache helicopter was shot down on Wednesday, were conducted at the direction of President Donald Trump, US Central Command said in an X post. Iran responded with attacks on Kuwait and Bahrain, while Israel warned of launches from Lebanon.Trump later told Fox News that he had spoken directly with Iranian officials, who had asked him to stop bombing.Traders watched the latest round of earnings, with Oracle (ORCL) posting higher fiscal Q4 adjusted earnings and revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $93.52 per barrel and US West Texas Intermediate crude 0.7% higher at $90.66 per barrel.The US Producer Price Index, released at 8:30 am ET, rose by 1.1% in May following a similar increase in April, above the 0.7% gain expected in a survey compiled by Bloomberg. The weekly jobless claims bulletin showed 229,000 new unemployment claims for the week ended June 6, compared with the 225,000 in the prior week and above the 220,000 expected.In other world markets, Japan's Nikkei closed 0.1% higher, Hong Kong's Hang Seng ended 0.7% lower, and China's Shanghai Composite finished 0.2% lower. Meanwhile, the UK's FTSE 100 was up 0.6%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Oracle stock was down 11% after the company said it plans to raise about $40 billion via debt and equity issuances in fiscal 2027, including its previously announced $20 billion stock sale. Alibaba (BABA) and JD.com (JD) shares fell 4.5% and 2.3%, respectively, following media reports of complaints by Chinese regulators over allegedly misleading promotions.On the winning side, Tesla's (TSLA) stock was up 0.9% after Belgian government official Annick De Ridder said that the company's full self-driving technology has been approved in the country. Applied Materials (AMAT) shares rose 4.2% after the company said it has expanded its manufacturing and R&D operations in Singapore with a $500 million facility in Tampines to support AI-driven semiconductor demand. Novartis (NVS) stock was up 2.4% after the company said the phase I/II study of its experimental therapy, del-brax, met both primary and key secondary endpoints in patients with facioscapulohumeral muscular dystrophy.

Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$JD$NVS$ORCL$TSLA
Asia Markets

Tentative US-Iran Ceasefire Extension Agreement Nudges US Equity Futures Higher Pre-Bell

US equity futures edged higher pre-bell Friday as traders monitored developments on the peace negotiations between US and Iran, with the two countries reportedly agreeing on a memorandum of understanding to extend the ceasefire by 60 days.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were flat.The memorandum still has to be approved by President Donald Trump, and Iran has not yet given a response to the latest version. Vice President JD Vance said the talks are making progress but still ongoing, while Treasury Secretary Scott Bessent confirmed that the negotiation teams have been "going back and forth."Iran reportedly fired missiles at unidentified targets on Thursday while the Pentagon said Iran had launched a ballistic missile towards Kuwait and deployed attack drones in the Strait of Hormuz.Traders also digested the latest round of earnings, with Costco Wholesale (COST) posting higher fiscal Q3 earnings and revenue late Thursday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.7% at $91.14 per barrel and US West Texas Intermediate crude 1.5% lower at $87.58 per barrel.The US advance international trade in goods deficit narrowed to $82.40 billion in April from $85.27 billion in March, according to data released by the US Census Bureau.The Chicago purchasing managers index for May, due at 9:45 am ET, is seen coming in at 50.3, up from its prior value of 49.2.Federal Reserve Vice Chair Michelle Bowman, Philadelphia Fed President Anna Paulson, and San Francisco Fed President Mary Daly are slated to speak on Friday.In other world markets, Japan's Nikkei closed 2.5% higher, Hong Kong's Hang Seng ended 0.7% higher, and China's Shanghai Composite finished 0.7% lower. Meanwhile, the UK's FTSE 100 was up 0.2%, and Germany's DAX index was flat in Europe's early afternoon session.In equities, Dell Technologies (DELL) shares were up 33% after the company reported higher fiscal Q1 non-GAAP net income and revenue that surpassed analysts' consensus. IBM (IBM) stock was 4.4% higher after the company said in a filing that it plans to invest more than $10 billion over the next five years to support quantum computing development. CoreWeave (CRWV) shares rose 1.4% after the company said it launched new agentic artificial intelligence capabilities designed to connect AI model training and inference in a continuous feedback loop to improve performance over time.On the losing side, Autodesk (ADSK) shares were down 6.6% after multiple analyst price target cuts, including those by RBC and BMO Capital. JD.com (JD) stock was 1.1% lower after the European Commission said it launched an in-depth investigation over the company's proposed acquisition of Ceconomy due to concerns that foreign subsidies may have distorted the deal process.

Dow JonesNasdaq CompositeS&P 500$ADSK$COST$CRWV$DELL$IBM$JD
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Thursday

Consumer stocks were mixed pre-bell Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.6% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% lower.Dollar Tree (DLTR) shares were up more than 18% after the company posted higher fiscal Q1 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.Best Buy (BBY) stock was up more than 9% after the company reported higher fiscal Q1 adjusted earnings and revenue.JD.com (JD) is under an in-depth investigation by the European Commission over its proposed acquisition of Ceconomy due to concerns that foreign subsidies may have distorted the deal process, the agency said. JD.com shares were down more than 2% premarket.

$BBY$DLTR$JD$XLP$XLY
Wire

Market Chatter: JD.com Faces EU Probe Into Ceconomy Bid

JD.com's (JD) 2.2 billion-euro ($2.56 billion) bid for German electronics retailer Ceconomy faces an in-depth foreign-subsidies investigation by the EU, the Financial Times reported, citing people familiar with the matter.The move, expected to be announced later this week, would give Brussels an additional 90 working days to examine whether the transaction involves unfair subsidies, the report said.The deal had been expected to close in H1, the report said.Beijing-based JD.com did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $29.89, Change: $-0.63, Percent Change: -2.07%

$JD
Wire

JD.com's Takeover of Ceconomy Faces EU Probe, Financial Times Reports

JD.com's Takeover of Ceconomy Faces EU Probe, Financial Times Reports

$JD
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Modestly Lower in Tuesday Trading

Asian equities traded in the US as American depositary receipts were tracking modestly lower Tuesday morning, declining 0.30% to 2,817.60 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by online game developer The9 (NCTY) and lender Sumitomo Mitsui Financial Group (SMFG), which rose 2.3% and 2.1% respectively. They were followed by tech company Alibaba Group (BABA) and online retailer JD.com (JD), which advanced 1.9% and 1.8% respectively.The decliners from North Asia were led by real estate and digital tech company Eason Technology (DXF) and video display maker LG Display (LPL), which shed 15% and 5.8% respectively. They were followed by mobile app developer Cheetah Mobile (CMCM) and semiconductor company ASE Technology (ASX), which were down 4% and 3.5% respectively.From South Asia, the gainers were led by IT firm Infosys (INFY), which increased 2.5%, followed by IT company Wipro (WIT) and tech conglomerate Sea (SE), which were up 0.8% and 0.1% respectively.The decliners from South Asia were led by computer hardware maker Canaan (CAN) and fintech firm Trident Digital Tech (TDTH), which dropped 12% and 7.1% respectively. They were followed by lender ICICI Bank (IBN) and IT company Sify Technologies (SIFY), which lost 1.8% and 1.5% respectively.

$ASX$BABA$CAN$CMCM$DXF$IBN$INFY$JD$LPL$NCTY$SE$SIFY$SMFG$TDTH$WIT
Wire

Top Midday Stories: Cisco Shares Soar as Guidance Tops Consensus; Alibaba, JD Reportedly Cleared to Buy Nvidia H200 AI Chips

All three major US stock indexes were up in late-morning trading Thursday, as investors monitor news emanating from President Donald Trump's meeting with Chinese President Xi Jinping in Beijing.In company news, Cisco Systems (CSCO) reported fiscal Q3 adjusted earnings late Wednesday of $1.06 per diluted share, up from $0.96 a year earlier and above the FactSet consensus analyst estimate of $1.03. Fiscal Q3 revenue was $15.8 billion, up from $14.1 billion a year ago and above the FactSet consensus of $15.6 billion. For fiscal Q4, Cisco said it expects Q4 adjusted EPS of $1.16 to $1.18 on revenue of $16.7 billion to $16.9 billion. Analysts polled by FactSet expect $1.08 and $15.8 billion, respectively. Cisco shares were up 15.0% around midday.Alibaba (BABA) and JD.com (JD) are among the roughly 10 Chinese companies that have secured US clearance to buy Nvidia's (NVDA) H200 artificial intelligence chips, though no deliveries have been made yet, Reuters reported Thursday, citing three people familiar with the matter. Alibaba and JD shares were down 1.9% and 2.1%, respectively. Nvidia shares were up 4.6%.Chinese President Xi Jinping told the chief executives of Apple (AAPL), Tesla (TSLA), Nvidia and other large companies that China will "open wider" to doing business, CNBC reported Thursday, citing a report from state-backed newspaper Xinhua. Apple shares were up 0.1%, while Tesla shares were up 0.8%.Biogen (BIIB) said Thursday that a phase 2 study evaluating diranersen in patients with early Alzheimer's disease did not meet its primary endpoint evaluating dose response for change from baseline on the Clinical Dementia Rating-Sum of Boxes at Week 76. Biogen shares were down 5.0%.Price: $117.40, Change: $+15.53, Percent Change: +15.24%

$AAPL$BABA$BIIB$CSCO$JD$NVDA$TSLA
Asia Markets

US Equity Futures Rise Pre-Bell After S&P 500, Nasdaq Set New Highs Amid US-China Meeting

US equity futures were rising pre-bell Thursday as technology stocks drove new record highs for the S&P 500 and the Nasdaq Composite while traders kept a close eye on the high-stakes meeting between US President Donald Trump and Chinese leader Xi Jinping.Dow Jones Industrial Average futures were 0.8% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.3% higher.On Wednesday, the S&P 500 advanced nearly 0.6% to close at 7,444.25, while the Nasdaq Composite rose 1.2% to end at 26,402.34, with both setting new closing records. Cisco Systems (CSCO) shares were up 15% after the company posted higher fiscal Q3 results and announced restructuring plans that included lay-offs of nearly 4,000 employees.At the start of a two-day summit, Xi told Trump that US-China trade talks were progressing positively, but warned that disagreement over Taiwan could lead to a dangerous situation and even cause conflict.Traders also mulled the latest round of earnings, with Brookfield (BN) reporting higher Q1 distributable earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $104.90 per barrel and US West Texas Intermediate crude 0.7% lower at $100.33 per barrel.US retail sales rose by 0.5% in April, as expected in a survey compiled by Bloomberg as of 7:35 am ET and following the previous month's 1.6% gain.US import prices rose by 1.9% in April, above the 1% increase expected in a survey compiled by Bloomberg as of 7:35 am ET and faster than a 0.9% gain in March.US initial jobless claims rose to a level of 211,000 in the week ended May 9 from a downwardly revised 199,000 level in the previous week, compared with expectations for a smaller increase to 205,000 in survey of analysts compiled by Bloomberg.Federal Reserve Kansas City President Jeffrey Schmid, Cleveland President Beth Hammack, New York President John Williams, and Governor Michael Barr are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1% lower, Hong Kong's Hang Seng ended flat, and China's Shanghai Composite finished 1.5% lower. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 1.3% higher in Europe's early afternoon session.In equities, Nvidia (NDA), Applied Materials (AMAT), and Marvell Technology (MRVL) joined Cisco in an upswing of technology stocks that lifted the market. Nvidia stock was up 2.1%, Applied Materials shares rose 1.9%, and Marvell stock was up 2.8%.On the losing side, Alibaba (BABA) and JD.com (JD) shares were down 3.1% and 1.7%, respectively, after a Reuters report said that they were among the roughly 10 Chinese companies that have secured US clearance to purchase Nvidia's H200 artificial intelligence chip, without a single delivery being made so far.

Dow JonesNasdaq CompositeS&P 500$AMAT$BABA$BN$CSCO$JD$MRVL$NVDA
Asia Markets

Asian Equities Traded in the US as American Depositary Receipts Wednesday Surge Higher in Wednesday Trading

Asian equities traded in the US as American depositary receipts were surging higher Wednesday morning, climbing 1.87% to 2,896.53 on the S&P Asia 50 ADR Index.From North Asia, the gainers were led by internet and data center services provider VNET Group (VNET) and video display maker LG Display (LPL), which surged 29% and 8.6% respectively. They were followed by online retailer JD.com (JD) and semiconductor company Himax Technologies (HIMX), which climbed 6% and 3.3% respectively.The decliners from North Asia were led by online game developer The9 (NCTY) and data centers and crypto assets company Token Cat (TC), which lost 3.3% and 3.2% respectively. They were followed by lender Shinhan Financial Group (SHG) and streaming music service Tencent Music Entertainment Group (TME), which dropped 2.8% and 2.2% respectively.From South Asia, the only gainers were pharmaceutical company Dr. Reddy's Laboratories (RDY) and telecommunications operator Telekomunikasi Indonesia (TLK), which rose 2.7% and 0.7% respectively.The decliners from South Asia were led by fintech firm Trident Digital Tech (TDTH) and IT firm Infosys (INFY), which fell 12% and 2.3% respectively. They were followed by computer hardware maker Canaan (CAN) and IT firm Wipro (WIT), which were down 1.7% and 1.3% respectively.

$CAN$HIMX$INFY$JD$LPL$NCTY$RDY$SHG$TC$TDTH$TLK$TME$VNET$WIT
Research

Research Alert: CFRA Keeps Buy Opinion On Adss Of Jd.com, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our target price to USD36 (from USD30), 8x our 2026 EV/EBITDA estimate (three-year mean: 5.8x). While new business investments increase risk, we expect profitability to improve from better economics and cross-business synergies. We see mid-single-digit revenue growth in 2026-2027, a normalization from 2025's high base on the initial rollout of China's electronics subsidies. The government renewed the subsidies for 2026, although the total quota has not been disclosed and funds will be released in stages. Still, we are optimistic given the program's prompt launch on January 1 and strong uptake. JD is also expanding its general merchandise segment (41% of 2025 product revenue) through stronger assortments and its supply chain. We project a stable net margin in 2026 before rising in 2027, as higher marketing spend is mitigated by supply chain efficiency, stronger commission/ads revenue, and improving food delivery economics. We keep our 2026 EPADS forecast at CNY15.08 (+17% Y/Y) and 2027's at CNY23.19.

$JD
Research

Research Alert: Jd.com Returns To Profit In Q1 2026 On Sequential Marketing Normalization

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:JD's Q1 2026 EPADS of CNY3.54 (vs. loss per ADS of CNY1.83 in Q4 2025) met our expectation, while revenue grew 4.9% Y/Y. JD Retail returned to 1.8% Y/Y growth from a 1.7% decline in Q4 2025, supported by strong general merchandise sales, higher marketplace and marketing revenue, and resilient demand in higher-margin categories, partly offset by weaker electronics and home appliances sales. JD Logistics maintained strong growth (+29% Y/Y), supported by the integration of on-demand delivery capabilities and reclassification of certain delivery revenue from New Businesses. New Businesses revenue grew 9.1% Y/Y, supported by the expansion of JD Food Delivery and 7Fresh Kitchen. Operating margin improved sequentially to 1.2% after three quarters of losses, as gross margin improved and marketing costs normalized sequentially amid moderating promotional intensity. We remain positive on JD's growth outlook, supported by stronger product offerings, monetization of third-party merchants, and overseas expansion.

$JD
Stocks Down Pre-Bell as Trump Warns US-Iran Ceasefire Fragile; Inflation Data on Deck
US Markets

Stocks Down Pre-Bell as Trump Warns US-Iran Ceasefire Fragile; Inflation Data on Deck

US equity futures were pointing lower on Tuesday as investors assess President Donald Trump's latest comments on the US-Iran ceasefire and await a key inflation report.The S&P 500 declined 0.3%, the Dow Jones Industrial Average edged down 0.1% and the Nasdaq was off 0.7% in premarket activity. The indexes finished the previous trading session up, with the S&P 500 and the Nasdaq logging new closing highs.The ceasefire agreement between the US and Iran is on "massive life support," Trump told reporters on Monday, according to several media outlets. "I would call it the weakest, right now, after reading that piece of garbage they sent us - I didn't even finish reading it," Trump reportedly said.Trump on Sunday rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz. Tehran's proposal, delivered via mediator Pakistan, reportedly sought an immediate end to hostilities, the lifting of the US naval blockade of its ports and assurances against further aggression.West Texas Intermediate crude oil increased 3.2% to $101.16 a barrel before the opening bell, while Brent advanced 2.9% to $107.27.Trump is scheduled to arrive in China Wednesday for a high-stakes state visit, with talks set to take place Thursday and Friday."The US will want China to use its influence with Tehran, especially because China is a major buyer of Iranian oil," Saxo Bank Chief Investment Strategist Charu Chanana said in a report Monday. "China, meanwhile, wants energy security and stable shipping lanes, but it is unlikely to appear as if it is acting under US instruction."The consumer price index report for April is scheduled for an 8:30 am ET release. Official data are expected to show that consumer inflation rose 0.6% and 3.7% on sequential and annual bases last month, according to a Bloomberg-compiled consensus.Treasury yields were trending higher in premarket action, with the two-year rate rising 2.4 basis points to 3.97% and the 10-year rate adding 1.9 basis points to 4.43%.The National Federation of Independent Business small business optimism index posted a 0.1-point increase for April to 95.9.Sea (SE), JD.com (JD), On Holding (ONON), Tencent Music Entertainment (TME), Aramark (ARMK) and Under Armour (UA, UAA) are scheduled to report their latest financial results before the bell, among others.Gold declined 0.6% to $4,701 per troy ounce, while bitcoin fell 1.5% to $80,679.

Dow JonesNasdaq CompositeS&P 500$ARMK$JD$ONON$SE$TME$UA$UAA
Wire

Macquarie Upgrades JD.com to Outperform From Neutral

Macquarie Upgrades JD.com to Outperform From Neutral

$JD
Sectors

Sector Update: Consumer Stocks Mixed Pre-Bell Friday

Consumer stocks were mixed pre-bell Friday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) slightly lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) advancing by 0.1%.Brown-Forman (BF.A, BF.B) was approached by Sazerac about a potential transaction amid ongoing discussions with French spirits company Pernod Ricard, The Wall Street Journal reported, citing people familiar with the matter. Brown-Forman stock was up more than 1% premarket.TAL Education Group (TAL), Baidu (BIDU), along with several other venture capital entities, participated in the Series B investment round for Chinese artificial intelligence developer ShengShu Technology, the AI company said. TAL Education Group shares were up more than 1% pre-bell.JD.com (JD) shares were 0.7% higher after the company said it closed its offering of 10 billion Chinese renminbi ($1.46 billion) of senior unsecured notes.

$BF.A$BF.B$BIDU$JD$TAL$XLP$XLY