ASIAN PRE-MARKET SNAPSHOT – MONDAY A fractured open ahead: Japan is set for a historic gap-up, Korea is stabilising after a record rally, and China is bracing for contraction data. 🇯🇵 JAPAN – NIKKEI SET FOR HISTORIC GAP-UP Nikkei futures are pointing to a massive gap-up open above ¥63,500 (cash close: ¥61,867). The move is largely short-covering after U.S. semi stocks surged. Expected range: ¥63,000–¥64,500 . Three headwinds: · Yen surged 3 yen to ~¥157.4 after U.S. Treasury signals of coordinated intervention · Apple fell 7.83% after hours on supply shortage warnings · $Kioxia PTS dropped 2,000 yen after its Q2 profit missed consensus 🇰🇷 KOREA – KOSPI EYES STABILISATION After Friday's historic 17.91% surge, the $KOSPI closed at ₩6,595.45 – but it's still down 27.6% from its June peak of ₩9,114.55 . August range forecasts: · KB Securities: 5,500–8,000 · Samsung Securities: 6,000–8,000 Foreign investors recorded the largest single-day net purchase in KOSPI history on July 31 (₩8.57T), heavily concentrated in Samsung and SK Hynix . 🇭🇰 HONG KONG – HANG SENG FACING PRESSURE The Hang Seng surged 13% in July but faces resistance at 26,000–26,300 . Support sits near 25,200 (100-day MA) . August historical trend: The Hang Seng has declined in August in 8 of the last 10 years . 🇨🇳 CHINA – SHANGHAI SET FOR CAUTIOUS OPEN A-shares closed Friday at 3,832.26 (+0.72%). The A50 index fell -0.35% overnight. Key data today: Caixin Manufacturing PMI (forecast 51.5) – a print above 50 signals expansion, below signals contraction. 🇦🇺 AUSTRALIA – ASX 200 HOLDING GAINS The ASX 200 is trading at 9,010, on track for a fourth straight month of gains after adding 2.60% in July . FY26 earnings forecast: ~12% YoY growth, the strongest in nearly four years . OTHER MARKETS · Indonesia ($IHSG): Expected to test 6,300–6,545, but foreign net selling (Rp1.4T last week) may cap upside · Vietnam ($VN-Index): Closed Friday at 1,735.78 (-0.51%) . CURRENCIES & COMMODITIES · $USDJPY: ~157.4 – down sharply from 163 after US-Japan coordinated intervention · $USDCNY: ~6.74 · $WTI Crude: ~$86.80/bbl – up 26%+ in July · $Gold: ~$4,050/oz