Leaving BNY Website

 

You are leaving the BNY Mellon's Depositary Receipts' Website.
Linked sites are not under the control of The Bank of New York Mellon Corporation or any of its subsidiaries or affiliates (together, the "Company") and the Company is not responsible for the content of any linked site or any link contained in a linked site. If you choose to link to a website not controlled by the Company, you do so entirely at your own risk and the Company makes no warranties, either express or implied, concerning the content of such site, including the accuracy, completeness, reliability or suitability thereof for any particular purpose, nor does the Company warrant that such site or content is free from any claims of copyright, trademark or other infringement of the rights of third parties or that such site or content is devoid of viruses or other contamination. The Company does not guarantee the authenticity of documents on the Internet. Links to other sites do not imply any endorsement of or responsibility for the opinions, ideas, products, information or services offered at such sites, or any representation regarding the content at such sites. The Company reserves the right to terminate any link at any time.

Do you wish to continue to the linked site on these terms?

Stay On Page
Leave Page

© 2025 The Bank of New York Mellon Corporation

Depositary Receipt business and services are conducted through The Bank of New York Mellon.

BNY - DR Legal Disclaimer
  

To learn more about DRs, please contact DRBrokerSolutions@bny.com.

 

The information and data provided herein are provided for general informational purposes only.  BNY does not warrant or guarantee the accuracy, timeliness or completeness of any such information or data.  BNY does not undertake any obligation to update or amend any information or data, and may change, update or amend any information or data at any time without prior notice.

 

BNY provides no advice, recommendation or endorsement with respect to any company or securities.  No information or data is intended to provide legal, tax, accounting, investment, financial, trading or other advice on any matter, and is not to be used as such.  We expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon any information or data, including market value loss on the sale or purchase of securities or other instruments or obligations.

 

Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.

 

BNY collects fees from DR holders pursuant to the terms and conditions of the DRs and any deposit agreement under which they are issued.  From time to time, BNY may make payments to an issuer to reimburse and/or share revenue from the fees collected from DR holders, or waive fees and expenses to an issuer for services provided, generally related to costs and expenses arising out of establishment and maintenance of the DR program.  BNY may pay a rebate to brokers in connection with unsponsored DR issuances; brokers may or may not disclose or pass back some or all of such rebate to the DR investor.  BNY may also use brokers, dealers or other service providers that are affiliates and that may earn or share fees and commissions.

 

BNY may execute DR foreign currency transactions itself or through its affiliates, or the Custodian or the underlying Company may execute foreign currency transactions and pay US dollars to BNY.  In those instances where it executes DR foreign currency transactions itself or through its affiliates, BNY acts as principal counterparty and not as agent, advisor, broker or fiduciary.  In such cases, BNY  has no obligation to obtain the most favorable exchange rate, makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate. BNY earns and retains revenue on its executed foreign currency transactions based on, among other things, the difference between the rate it assigns to the transaction and the rate that it pays and receives for purchases and sales of currencies when buying or selling foreign currency for its own account.  The methodology used by BNY to determine DR conversion rates is available to registered Owners upon request or can be accessed here.  In those instances where BNY's Custodian executes DR foreign currency transactions, the Custodian has no obligation to obtain the most favorable exchange rate or that the method by which the rate will be determined will be the most favorable rate, and BNY makes no representation that the rate is a favorable rate and will not be liable for any direct or indirect losses associated with the rate.  In certain instances, BNY may receive dividends and other distributions from an issuer of securities underlying DRs in U.S. dollars rather than in a foreign currency.  In such cases, BNY will not engage in or be responsible for any foreign currency transactions and it makes no representation that the rate obtained by an issuer is a favorable rate and it will not be liable for any direct or indirect losses associated with the rate.

 

BNY is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.  BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).

 

BNY's name, brand and/or trademarks may not be used, copied or reproduced without the prior express written consent of BNY.

 

DEPOSITARY RECEIPTS ARE NOT INSURED BY THE FDIC OR ANY OTHER GOVERNMENT AGENCY, ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF, AND ARE NOT GUARANTEED BY, BNY AND ARE SUBJECT TO INVESTMENT RISKS INCLUDING POSSIBLE LOSS OF PRINCIPAL AMOUNT INVESTED.

 

Please also see "Terms of Use."

ACCEPT

Please enable cookies in your browser if you wish to proceed.

Regulation S Disclaimer

 

Access To This Company Profile Is Restricted To Non-U.S. Persons Outside The United States Within The Meaning Of Regulation S Under The U.S. Securities Act Of 1933, As Amended (The "Securities Act").1

 

This company profile does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction or under any circumstances in which such offer or solicitation is unlawful.

 

Each person accessing this company profile, by so doing, will be deemed to have acknowledged that: (1) It is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) Any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities.

 

If you agree with and accept the foregoing and the Terms of use governing this site, please select "Accept" below. Otherwise, press "Decline" to return to the previous page.

 

1 As defined in the Securities Act, the term "U.S Person" means: (1) any natural person resident in the United States; (2) any partnership or corporation organized or incorporated under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. person; (4) any trust of which any trustee is a U.S. person; (5) any agency or branch of a foreign entity located in the United States; (6) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.

I Accept Decline

© 2024 The Bank of New York Mellon Corporation
Depositary Receipt business and services are conducted through The Bank of New York Mellon.

Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures (1.60%), Hang Seng Futures (0.21%), ASX SPI 200 (0.33%), S&P Futures +0.03%

Oct 03 ,2023

  • Synopsis:

    • Asian markets set for a negative start to Wednesday trade. Nikkei futures pointing to sharp declines on the open while Hang Seng futures signaling milder losses. ASX at six-month low. US contracts flat after S&P 500 dropped to its lowest since June. Bond yield backup continues with Aussie and New Zealand curves steepening. Dollar's advance halted amid speculation Japan intervened to support yen. Crude steady after API reported larger-than-expected weekly inventory draw.

    • Markets unnerved by another significant backup in bond yields following surprise rise in US job openings. Markets moving closer to Fed's higher-for-longer view, pricing in ~60% chance of another rate hike by year-end and paring 2024 rate cut expectations. This as Fed officials continue to strike hawkish tone while surging oil prices and tight labor market are fanning concerns disinflation momentum is waning.

    • Lot of headline volatility surrounding removal of Kevin McCarthy as House speaker. McCarthy confirmed he will not re-nominate for speaker and there is no obvious successor with House GOP slated to hold speaker election Wednesday week. Near-term implications for policy limited given recent passage of spending bill though development plays into political dysfunction concerns recently highlighted by credit ratings agencies.

    • US dollar's unrelenting climb saw yen briefly touch 150-handle that traders have eyed as a potential intervention trigger. Yen's rebound subsequent linked to speculation Japan's Ministry of Finance intervened though there was no confirmation from government. Commentators continue to cite US-Japan rate differentials as the main driver of yen's depreciation, and that a turnaround hinges in large part on a narrowing of Fed-BOJ policy gap.

    • RBNZ expected to leave official cash rate (OCR) unchanged at 5.50%. Previews note small chance of a surprise 25 bp rate hike though also thoughts a hold decision will be accompanied by a more hawkish policy statement that sets up possibility of a November rate increase. That view is based in part on signs of a resilient New Zealand economy and upside risks to inflation from oil, migration and tight labor market.

  • Pre-open Company News:

    • 2696.HK -- Shanghai Henlius Biotech appoints Wei Huang as president, effective 1-Oct, taking over from Jun Zhu

    • 500295.IN -- Vedanta upgraded to add from reduce at IIFL Securities

    • 1908.HK -- C&D International Investment Group reports 9M accumulated contracted sales CNY101.33B, +36.6% y/y

    • 533758.IN -- APL Apollo Tubes reports Q2 sales volume 675KT, +12% y/y

    • 5411.JP -- JFE Holdings resumed overweight at JPMorgan; prior rating was overweight

    • 532500.IN -- Maruti Suzuki India reports September production (vehicles) 174,978 vs year-ago 177,468

    • 532525.IN -- Bank of Maharashtra reports Q2 gross advances INR1.831T vs year-ago INR1.482T

    • Goldman Sachs initiates Taiwan PC/Server sector; 2357.TT, 2382.TT, 4938.TT, and 6669.TT

    • 1171.HK -- Yankuang Energy signs closing confirmations for purchase of 51% stakes in Luxi Mining, Xinjiang Energy; deal was announced on 28-Apr

    • 500331.IN -- Pidilite Industries subsidiary Pidilite MEA and Grupo Puma, Spain incorporate 50%/50% construction chemicals JV

    • SLGC -- OncoHost's PROphet platform to support Henlius US-Based Phase III trial for patients with Extensive-Stage Small Cell Lung Cancer

    • 500209.IN -- Infosys upgraded to long from reduce at Equirus Securities

    • U06.SP -- Singapore Land Group, UOL Group JV completes acquisition of Meyer Park

    • 373220.KS -- LG Energy Solution initiated underperform at CLSA

    • 512599.IN -- Adani Enterprises holder IHC increases stake to above 5% -- Economic Times

  • On Deck:

    • New Zealand:

      • Economic:

        • 14:00 NZDT: RBNZ policy statement

  • Market Data:

    • Gold (Dec 23): ($1.30) or (0.07%) to $1840.20

    • WTI Crude (Nov 23): +$0.14 or +0.16% to $89.37

    • $-¥: (0.74) or (0.49%) to 149.1200

    • $-KRW: +1.92 or +0.14% to 1359.0600

    • A$-$: (0.01) or (0.90%) to 0.6305

    • $-INR: (0.12) or (0.14%) to 83.2374

    • $-CNY: (0.11) or (1.44%) to 7.1963

  • If you would like to receive the Asian Market Preview daily, please search for Asia Pre-Market Updates in Alert Manager.

This information and data is provided for general informational purposes only. The Bank of New York Mellon and our information suppliers do not warrant or guarantee the accuracy, timeliness or completeness of this information or data. We provide no advice nor recommendation or endorsement with respect to any company or securities. We do not undertake any obligation to update or amend this information or data. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities.
Please refer to "Terms Of Use".

DEPOSITARY RECEIPTS:
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE