Asia markets mixed, key corporate updates

Asia stocks trade mixed ahead of Fed and tech earnings

Asian stock markets were mixed as trading opened on Wednesday, with investors positioning ahead of an upcoming Federal Reserve decision and a series of major U.S. technology company results. The caution around both monetary policy and corporate earnings contributed to uneven performance across the region.

Japan’s Nikkei index was reported to be under pressure, with the decline linked to a stronger yen. Currency strength weighed on sentiment toward Japanese exporters and added to the broader hesitancy evident across Asian equity markets.

Outside Japan, other Asian markets showed a more mixed pattern rather than a unified move higher or lower. The overall tone remained one of restraint as traders awaited clearer signals from U.S. central bank communications and the forthcoming results from large-cap technology firms.

Record Embraer order backlog underscores demand

Embraer reported that its order backlog reached a record $31.6 billion. The company noted that this represented a 20% increase year on year, indicating a significant expansion in its pipeline of contracted work.

The record backlog figure highlights continued demand for Embraer’s products and services. The year-on-year growth also places the company’s latest performance in contrast to conditions a year earlier, when its total backlog was materially lower.

Coronado targets sizeable 2026 liquidity uplift

Coronado outlined plans for a $200 million to $250 million liquidity uplift in 2026. The targeted increase in liquidity is expected to come from a combination of cost reductions and production expansion initiatives.

The company’s focus on reducing costs suggests an effort to improve operational efficiency, while production expansion points to expectations of supporting higher output levels. Together, these measures are intended to strengthen Coronado’s financial position over the medium term.

Capital markets moves: IPO and debt pricing

In primary equity markets, KRAKacquisition priced an upsized initial public offering at $10 per share, with the IPO size increased to $300 million. The upsizing indicates that the offering was set above its original scale while maintaining the set offer price per share.

In the debt market, Runway Growth Finance priced a senior notes offering with a coupon of 7.25%. The transaction adds a new fixed-income instrument to the company’s capital structure at a defined interest cost to investors.

Corporate earnings updates in technology and manufacturing

ASML Holding reported mixed fourth-quarter results and provided an outlook for the first quarter and full year 2026. The description of results as mixed indicates that performance varied across metrics, while the guidance offered investors a forward view on expected business conditions.

LG Display also reported its fourth-quarter results. While specific figures were not detailed, the disclosure adds to the stream of earnings updates from major hardware and component manufacturers at a time when global technology demand and supply dynamics are under close scrutiny.

Macro diary and other developments

A Wednesday economic calendar was highlighted, signaling a schedule of data releases and events relevant to investors, though the specific indicators were not listed. Such calendars typically frame expectations around macroeconomic news flow during the trading day.