Leaving BNY Website

 

You are leaving the BNY 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

© 2024 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@bnymellon.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.

Back to Daily DR Market Summary

StreetAccount Summary - Asian Market Preview: Nikkei Futures +0.83%, Hang Seng Futures (0.45%), ASX SPI 200 (0.11%), S&P Futures +0.02%

Nov 06 ,2024

  • Synopsis:

    • Asian markets set for mixed start to Thursday trade. Futures pointing to initial gains in Japan as ASX opens flat. Hang Seng futures weaker following Wednesday sell-off in wake of Trump's win. S&P 500 futures flat after index logged best session in over two years. Australian bonds steady following Wednesday's big backup in global yields. Gold and crude little changed. Muted moves in FX markets after dollar had best session since Sep-2022. Bitcoin peeling lower after surging to record high.

    • Trump's election and likelihood of GOP sweep triggered risk-on move in equity markets, reflecting removal of election overhang as well as broader animal spirits dynamic. Meanwhile, big sell-off in bond markets and rally in US dollar heightened attention on likely impact of his proposed tax and trade policies on deficits and inflation, prompting markets to further wind Fed back easing expectations in 2025.

    • Trump's tariff brings into sharp focus economic consequences for Asia from this threat to impose tariffs of at least 60%. Economists estimate hit to China GDP growth but Trump's win also encouraging expectations of larger stimulus at this week's NPC Standing Committee meeting. Also some discussion about potential for dollar strength and EM currency depreciation pressure to limit room for developing Asian economies to cut rates.

    • Central banks in focus tonight with Fed expected to cut rates by 25 bp. Few changes expected to policy statement with Chair Powell reiterating recent messaging on data dependency. Market still pricing in December rate cut though odds of a hold decision rose following Trump's win. Moreover, market pricing in just two rate cuts in 2025 (vs four in October). Separately, BOE also expected to cut rate by 25 bp.

  • Pre-open Company News:

    • 002430.CH -- Hangzhou Oxygen Plant Group initiated buy at Sinolink Securities (timing uncertain)

    • 688.HK -- China Overseas Land & Investment reports October contracted property sales CNY41.59B, +66.0% y/y

    • 2599.HK -- Shinsun Holdings (Group) announces cancellation of listing after failing to fulfill resumption guidance by 2-Oct

    • 532976.IN -- Jai Balaji Industries to consider stock split at 12-Nov board meeting

    • 2633.TT -- Taiwan High Speed Rail reports 9M EPS NT$0.91; StreetAccount notes the year-ago figure was NT$0.89

    • 600383.CH -- Gemdale Corp. reports October contracted sales CNY5.61B, (49.0%) y/y

    • 508869.IN -- Apollo Hospitals Enterprise reports Q2 consolidated net income attributable INR3.79B vs FactSet INR3.61B [16 est, INR3.26-4.05B]

    • HLAG.GR -- Hapag-Lloyd orders 24 new container ships; delivery of the new vessels between 2027 and 2029

    • 300957.CH -- Yunnan Botanee Bio-Technology Group holder HongShan Capital completes previously disclosed sale of 12.6M shares at CNY51.74/share via block trade

    • 6488.TT -- GlobalWafers downgraded to neutral from buy at BofA

    • HSBC downgrades Guangzhou Automobile downgraded to hold from buy

    • PTTGC.TB -- PTT Global Chemical upgraded to buy from hold at Tisco Securities

    • 035720.KS -- Kakao reports Q3 Operating profit KRW130.53B vs StreetAccount KRW126.14B

    • 6488.TT -- GlobalWafers downgraded to neutral from buy at SinoPac Securities

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Export Y/Y; consensus +6%

        • 08:00 CST: Trade Balance NSA; consensus +$76.9B

        • 08:00 CST: Import Y/Y; consensus (1.5%)

        • 16:00 CST: FX Reserves; consensus +$3268.1B

    • Hong Kong:

      • Earnings:

        • Hua Hong Semiconductor (1347.HK)

    • Japan:

      • Earnings:

        • Soracom (147A.JP), Ajinomoto (2802.JP), Toray Industries (3402.JP), Ube (4208.JP), Kao (4452.JP), Terumo (4543.JP), Fuji Media Holdings (4676.JP), FUJIFILM (4901.JP), Shiseido (4911.JP), Kobe Steel (5406.JP), Towa Corp (6315.JP), ROHM Co. (6963.JP), Taiyo Yuden (6976.JP), Nissan Motor (7201.JP), Mazda Motor (7261.JP), Nikon Corp (7731.JP), Nippon Telegraph & Telephone (9432.JP), Kadokawa (9468.JP), Hazama Ando (1719.JP), TAISEI (1801.JP), Totetsu Kogyo Co. (1835.JP), Penta-Ocean Construction (1893.JP), Raito Kogyo Co. (1926.JP), NIPPN Corp. (2001.JP), Kirin (2503.JP), Alfresa Holdings (2784.JP), Toyobo (3101.JP), Nisshinbo Holdings (3105.JP), Teijin (3401.JP), Oji (3861.JP), Air Water (4088.JP), Nippon Shokubai (4114.JP), Mitsui Chemicals (4183.JP), Daicel (4202.JP), NOF Corp (4403.JP), Santen Pharmaceutical (4536.JP), Tsumura & Co (4540.JP), KYORIN Pharmaceutical (4569.JP), Digital Garage (4819.JP), Lion Corp. (4912.JP), JCU Corp. (4975.JP), Toyo Tanso (5310.JP), Noritake (5331.JP), NICHIAS (5393.JP), NIPPON STEEL (5401.JP), UACJ Corp (5741.JP), Furukawa Electric Co. (5801.JP), Fujikura (5803.JP), Rinnai (5947.JP), Kurita Water Industries (6370.JP), Sankyo (6417.JP), Glory Ltd (6457.JP), Shibaura Mechatronics (6590.JP), Oki Electric Industry Co. (6703.JP), Nihon Kohden (6849.JP), Kanadevia (7004.JP), Amvis Holdings (7071.JP), Musashi Seimitsu Industry (7220.JP), NOK Corp (7240.JP), Mitsubishi Shokuhin (7451.JP), Shimadzu (7701.JP), Furuya Metal (7826.JP), Nichiha (7943.JP), Pigeon (7956.JP), LINTEC (7966.JP), Inabata & Co. (8098.JP), GOLDWIN (8111.JP), JACCS Co. (8584.JP), Mitsubishi Estate (8802.JP), Tokyo Tatemono (8804.JP), Relo Group (8876.JP), Sumitomo Warehouse (9303.JP), Nippon Television Holdings (9404.JP), Renova (9519.JP), Fuji Soft (9749.JP)

    • South Korea:

      • Earnings:

        • Kakao (035720.KS), CJ Logistics (000120.KS), Lotte Chemical (011170.KS), KT (030200.KS), KT&G Corp (033780.KS), Hyundai Department Store (069960.KS), GS Holdings (078930.KS), Kolon Industries (120110.KS), Netmarble (251270.KS), KRAFTON (259960.KS), NAVER (035420.KS), Kolmar Korea (161890.KS), SK Biopharmaceuticals Co. (326030.KS)

    • Australia:

      • Economic:

        • 11:30 AEST: Trade Balance on Goods; consensus +A$5.8B

      • Earnings:

        • ANZ Group (ANZ.AU), REA Group (REA.AU)

    • New Zealand:

      • Earnings:

        • Manawa Energy (MNW.NZ)

    • India:

      • Earnings:

        • Trent Ltd (500251.IN), GMM Pfaudler (505255.IN), MMTC Ltd (513377.IN), Gujarat State Petronet (532702.IN), Info Edge India (532777.IN), IRCON International (541956.IN), Rail Vikas Nigam (542649.IN), Clean Science & Technology (543318.IN), Steel Authority of India (500113.IN), Lupin Ltd (500257.IN), Cummins India (500480.IN), Great Eastern Shipping (500620.IN), Sanofi India (500674.IN), Emami Ltd (531162.IN), NHPC Ltd (533098.IN), RHI Magnesita India Refractories (534076.IN), Aditya Birla Fashion & Retail (535755.IN), Prince Pipes & Fittings (542907.IN), Indigo Paints (543258.IN), Shyam Metalics & Energy (543299.IN), Happy Forgings (544057.IN)

    • Singapore:

      • Earnings:

        • DBS Group Holdings (D05.SP), Acrophyte Hospitality Trust (XZL.SP), Frasers Hospitality Trust (ACV.SP), SATS Ltd. (S58.SP), PARAGON REIT (SK6U.SP)

    • Taiwan:

      • Earnings:

        • Formosa Plastics (1301.TT), Acer Inc (2353.TT), Far EasTone Telecommunications (4904.TT), Lotus Pharmaceutical (1795.TT)

    • Philippines:

      • Economic:

        • 10:05 SST: GDP NSA Y/Y; consensus +5.6%

      • Earnings:

        • Robinsons Land (RLC.PM), ACEN Corp. (ACEN.PM), Monde Nissin (MONDE.PM)

  • Market Data:

    • Gold (Dec 24): ($6.40) or (0.24%) to $2669.90

    • WTI Crude (Dec 24): +$0.14 or +0.20% to $71.83

    • $-¥: +2.75 or +1.81% to 154.3690

    • $-KRW: +20.92 or +1.52% to 1400.2000

    • A$-$: (0.01) or (0.99%) to 0.6569

    • $-INR: +0.12 or +0.14% to 84.2355

    • $-CNY: +0.07 or +1.00% to 7.1767

  • 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