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 +0.05%, Hang Seng Futures +0.38%, ASX SPI 200 +0.11%, S&P Futures +0.08%

Nov 29 ,2023

  • Synopsis:

    • Asian markets set for a mixed start to Thursday trade. Nikkei futures pointing to flat open while Hang Seng futures higher. ASX logging mild gain in initial trade. US contracts little changed following another quiet offshore session. Australian and New Zealand yields following another move lower in Treasury rates in aftermath of Fed Governor Waller's dovish remarks. Yen strengthening as dollar index hovers above early August lows. Crude down marginally amid lingering OPEC+ production uncertainty.

    • Lower yield backdrop remains the big story with latest move down attributed to dovish-leaning remarks from Fed Governor Waller on Tuesday. Market bets increasingly reflect expectations for a first Fed cut in May '24 with nearly 100bp in easing seen for the full year. Widening contrast to September SEP and higher-for-longer messaging from central bankers driving some concern about market's overcooking rate cut bets. However, also thoughts rate pricing reflects expectations of a steeper growth slowdown.

    • China manufacturing PMI forecast to have ticked higher in November though with activity stuck in contraction for another month. Marks first read on factory activity last month after October data showed notable slowdown in industrial profit growth while PMIs revealed shrinking orders for both exports and imports. Attention turning to 2024 policy outlook with analysts eyeing upcoming CEWC for another stimulus push.

    • BOK expected to keep benchmark rate unchanged at today's meeting. Policy stance expected to remain restrictive for some time with board members yet to discern clear evidence of peak inflation. However, BOK pivot predictions align with expectations of Fed easing from 2Q24. Attention will also be on economic forecast updates after Governor Rhee flagged possible forecast overhaul due to geopolitical uncertainties.

    • OPEC+ meeting the other focus today. Online gathering follows flurry of headlines over past week highlighting African pushback against further cuts to their output quota. Latest reports suggest Saudis may push for another 1Mbpd production cut. However, continuation of existing output levels into 2024 may still be most likely outcome. CME's OPEC Watch Tool shows 55% probability of no change to output levels and 38% chance of an output cut.

  • Pre-open Company News:

    • 600188.CH -- Yankuang Energy Group controlling shareholder Shandong Energy to buy CNY300-600M of A, H shares on open market

    • 5183.MK -- PETRONAS Chemicals Group downgraded to neutral from buy at MIDF Investment Research

    • 603885.CH -- Juneyao Airlines buys out remaining 3.1% stake in 9 Air from Ji Guangping for CNY142.8Ma

    • 600637.CH -- Oriental Pearl Group to cancel 52.6M shares from buyback programme announced 26-Feb-2021

    • 532174.IN -- ICICI Bank receives letters of no objection from NSE, BSE for proposed delisting of ICICI Securities

    • ^EUPMREADS -- StreetAccount European Reads

    • NVAX -- Novavax announces updated COVID-19 vaccine receives emergency use authorization in the Republic of Korea

    • HSAI -- Hesai responds to Select Committee of US Congress 28-Nov-23 letter regarding requesting investigation into LiDAR technology over alleged national security threats

    • 9910.TT -- Feng Tay Enterprise downgraded to neutral from buy at UBS

    • 500550.IN -- Siemens upgraded to buy from hold at BOB Capital Markets

    • 9898.HK -- Weibo Corporation announces $300M convertible senior notes offering

    • 600989.CH -- Ningxia Baofeng Energy Group initiated buy at Soochow Securities (timing uncertain)

    • 9968.HK -- Huijing Holdings to further delay publication of FY22, 1H23 results after discussions with auditor

    • 2019.HK -- Dexin China Holdings withdraws payment of FY21 DPS CNY0.0875 owing to market conditions

    • GB -- Global Blue completes strategic equity investment and entry into new credit agreement

  • On Deck:

    • China:

      • Economic:

        • 09:30 CST: CFLP PMI Manufacturing; consensus 49.7

        • 09:30 CST: CFLP Non Manufacturing PMI; consensus 51.05

        • 09:30 CST: CFLP Services PMI; consensus

    • Hong Kong:

      • Earnings:

        • EC Healthcare (2138.HK), CSPC Pharmaceutical Group (1093.HK), China South City Holdings (1668.HK), Hope Education Group (1765.HK), China Kepei Education Group (1890.HK), China YuHua Education (6169.HK)

    • Japan:

      • Economic:

        • 08:50 JST: Retail Sales NSA Y/Y (Preliminary); consensus +6.4%

        • 08:50 JST: Industrial Production SA M/M (Preliminary); consensus +1.1%

        • 14:00 JST: Housing Starts NSA Y/Y; consensus (6%)

    • South Korea:

      • Economic:

        • 08:00 KST: Industrial Production M/M; consensus +1%

        • 08:00 KST: Industrial Production NSA Y/Y; consensus +6.4%

        • 11:10 KST: BoK Repo Rate; consensus +3.5%

    • Australia:

      • Economic:

        • 11:30 AEST: Private Sector Credit M/M; consensus +0.4%

        • 11:30 AEST: Capital Expenditure Q/Q; consensus

        • 11:30 AEST: Building Approvals SA M/M; consensus

      • Earnings:

        • Thorn Group (TGA.AU)

    • India:

      • Economic:

        • 05:30 IST: GDP NSA Y/Y; consensus +6.6%

    • Malaysia:

      • Earnings:

        • IHH Healthcare (5225.MK)

  • Market Data:

    • Gold (Feb 24): ($2.30) or (0.11%) to $2064.80

    • WTI Crude (Jan 24): ($0.15) or (0.19%) to $77.71

    • $-¥: (0.47) or (0.32%) to 147.0260

    • $-KRW: (0.81) or (0.06%) to 1287.3300

    • A$-$: (0.00) or (0.50%) to 0.6617

    • $-INR: (0.08) or (0.10%) to 83.2982

    • $-CNY: (0.00) or (0.01%) to 7.1324

  • 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