Nasdaq FUTs extended rise after AMD CES presentation

Asia market update: Nasdaq FUTs extended rise after AMD CES presentation, Nvidia comments also look interesting ; CNN is tracking reports of Monday’s ‘loud blasts’ in Caracas; Slightly softer demand seen at 10-year JGB auction; Australia monthly CPI is due on Wed.

General trend and developments

- AMD [AMD]: shared additional details at CES on the next-generation AMD Instinct MI500 GPUs, planned to launch in 2027; unveils MI455 GPUs [flagship product shipping to OpenAI and others].

- Nvidia [NVDA]: CEO offered non-financial details related to Groq: Groq acquisition 'won't affect core business, but may lead to something new' - CNBC interview; Confirms Vera Rubin systems will ship in H2 of FY26; Has applied for licenses to ship H200 chips to China; US Govt is 'Working' to process them.

- Aeva Technologies rose by >27% afterhours [Aeva and NVIDIA to Integrate 4D LiDAR as Reference Sensor within the NVIDIA DRIVE Hyperion Platform Ecosystem].

- Uncertainty related to Venezuela remains: On Thursday, representatives from Chevron, Conoco and Exxon to meet with the US Energy Sec – CBS; Caracas [Venezuela] witnesses said to hear 'loud blasts' near the Presidential Palace on Monday night - US financial press; Reportedly US expects Venezuela Assembly Pres Rodriguez to stop oil sales to US rivals – Politico.

-Pres Trump: Venezuela has to be fixed before elections can be held; Reiterates Venezuela VP Rodriguez has been cooperating with the US - NBC interview.

- Venezuela opposition leader Machado said she has not spoken to US President Trump since Oct 2025 - Fox News Interview.

- Shanghai Composite rises by +0.6% to 4,047 [highest level since Jul 2015].

- China 30-year government bond FUTs trade at the lowest level since Oct 2024; some cite redemption related concerns - US financial press.

Headlines/economic data

Australia/New Zealand

- ASX 200 opened +0.3% at 8,756.

- Australia Dec Final PMI Services: 51.1 v 51.0 prelim (confirms 23rd month of expansion).

China/Hong Kong

- Hang Seng opened +0.6%.

- Shanghai Composite opened +0.1% at 4,026.

- China PBOC sets Yuan reference rate: 7.0173 v 7.0230 prior [from Dec 31st].

- China PBOC Open Market Operation (OMO): Injects CNY16.2B; Net drain CNY296.3B v CNY468.8B drain prior.

- China has started local government bond sales aimed at increasing investment - Chinese press.

Japan

- Nikkei 225 opened +0.6% at 52,157.

- Sony Honda Mobility JV CEO: Unveils new AFEELA prototype EV.

- Japan Dec Monetary Base Y/Y: -9.8% v -8.5% prior.

- Japan sells ¥2.6T VS. ¥2.6T indicated in 10-year JGB bonds; AVG yield: 2.095% V 1.8720% PRIOR; BID-TO-COVER: 3.30X V 3.59X prior.

South Korea

- Kospi opened -0.3% at 4,446.

Other Asia

- Reliance Industries [RIL.IN]: Notes its Jamnagar refinery has not received any crude oil from Russia in the past 3 weeks; not expecting any Russian crude oil deliveries in Jan [follows threat from Trump related to India].

North America

- (US) Fed's Kashkari (voter): Venezuela effects risk mostly through oil prices, not seeing it so far.

Europe

- Russia says 8 people killed after private jet crashed in Tver region north of Moscow; Reportedly Wagner leader Prigozhin was on board - press.

- Ireland Dec PMI Services: 54.8 v 58.5 prior (57th month of expansion).

Levels as of 00:35 ET

- Nikkei 225 +1.1% ; ASX 200 -0.5% ; Hang Seng +1.7% ; Shanghai Composite +1.2% ; Kospi +1%.

- Equity S&P500 Futures +0.1%; Nasdaq100 +0.3%; DAX +0.3%; FTSE100 +0.2%.

- EUR 1.1738-1.1710 JPY 156.79-156.24; AUD 0.6731-0.6703 ; NZD 0.5807-0.5778.

- Gold +0.7% at $4,482/oz; BTC +1.5% at $93.7K; Crude Oil -0.3% at $58.14 bbl; Copper +1.6% at $6.0810/lb.