PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: US President Trump said "We'll work something out" regarding the South Korean tariff threat
US President Trump's remarks about resolving the South Korean tariff threat may ease immediate market tensions and foster a more stable trading environment for Asian markets.
[MARKET UPDATE] Asia-Pac stocks begin mixed following the mostly positive handover from Wall St but with some cautiousness ahead of the FOMC and mega-cap earnings, while Japan suffers on currency strength following Trump's recent FX rhetoric
Minutes from BoJ's December 18th-19th meeting noted that members said it is appropriate to keep raising rates if the outlook is met, while a member said waiting another meeting in raising rates would be risky given impacts of FX on inflation
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: US President Trump said "We'll work something out" regarding the South Korean tariff threat
US SEC charges Archer Daniels Midland (ADM) and three former executives with accounting and disclosure fraud
US President Trump affirms that he will announce Fed chair pick soon
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JAPAN
Asahi Kasei (3407 JT) - Co, Mitsui Chemicals (4183 JT), and Mitsubishi Chemical (4188 JT) explored measures to promote decarbonisation and optimise production capacity for their two ethylene manufacturing facilities in western Japan. (businesswire)
Japan Airlines (9201 JT) - Co. and JR East (9020 JT) are to combine air and rail tickets as part of a broad tie-up. (Nikkei)
Shin-Etsu Chemical (4063 JT) - Co. 9-month (JPY) net income attributable to owners of the parent fell 11% Y/Y to JPY 384.3bln. (Newswires)
SoftBank (9984 JT) - Co. said about 8,600 cases of personal information may have been leaked due to a server malfunction. (Newswires)
Other News
Japanese Finance Minister Katayama said she will not comment on FX and will take appropriate action, while she added that they will take appropriate steps on FX, coordinating with the US. (Newswires)
SOUTH KOREA
LG Display (034220 KS) - Co. Q4 (KRW) net loss KRW 351bln (prev. loss 839bln Y/Y). while it returned to a full year profit with oper. profit at 517bln (prev. loss 560bln Y/Y). (ChosunBiz)
Lotte Shopping (023530 KS) - Lotte Mart announced to cut prices nationwide to stabilise Korea's holiday food costs. (ChosunBiz)
SK Innovation (096770 KS) - Co. FY25 (KRW) net loss 5.4tln (prev. loss 2.4tln Y/Y), oper. profit 448bln (exp. 422bln), rev. 80.3tln (exp. 80.5tln). (Newswires)
Geopolitical - North Korea on Tuesday launched two ballistic missiles towards the Sea of Japan, with the projectiles assessed to have fallen outside Japan's exclusive economic zone, according to the Japanese government which lodged a strong protest. (Kyodo)
Other News
US President Trump said "We'll work something out" regarding the South Korean tariff threat. (Yonhap)
This could positively impact sentiment in the Japanese and South Korean equities, especially in sectors exposed to trade, given that tariffs can significantly influence profitability and market access.
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