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 +0.84%, Hang Seng Futures (0.36%), ASX SPI 200 +0.33%, S&P Futures +0.10%

Jan 06 ,2025

  • Synopsis:

    • Asia equities poised to open mostly higher Tuesday. Futures in Japan and Australia traded higher while Hong Kong declined. Golden Dragon China index fell 1.16%. Japan ADRs mostly advanced. US contracts higher after a mixed cash session on the heels of Friday's rally. Tech leads were notably positive amid AI optimism. Nvidia (NVDA) extended gains and semis/semicaps rallied. SOX index was up 2.84%. Treasuries mostly weaker with the curve steepening. Dollar index down 0.6% though off worst levels after Trump tariff report denial. Gold finished down 0.3%. Bitcoin futures up 3.7%. WTI crude ended down 0.5%.

    • Global sentiment was supported by a Washington Post article indicating Trump could dial back his Tariff plan by focusing on critical imports, though he later said report was wrong. US strength led by tech with AI secular growth theme in focus ahead of Nvidia CEO Huang CES keynote, recent Microsoft (MSFT) capex update and OpenAI highlights. However, higher US yields amid prospects for slower Fed rate cuts and reinforced by latest hawkish-leaning Fedspeak viewed as an X-factor for equities helping to explain relative underperformance in the Dow index.

    • Asia attention also on Las Vegas CES for positive tech catalysts. South Korea market buoyed by recent Microsoft announcement of $80B spending on AI data centers. Microsoft also entered into AI partnership with LG Electronics (066570.KS). Samsung Electronics (005930.KS) unveiled a strategy to broaden application of AI. However, US-China frictions continued as US Defense Department identified China tech giants including Tencent (700.HK) and CATL (300750.CH) as firms working with Chinese military. Both companies argued the designation was a mistake and denied any military activities. Tencent said there would be no impact on business.

    • Elsewhere, Japan headlines dominated by US President Biden's decision to block Nippon Steel's (5401.JP) acquisition of US Steel (X). Both firms filed a lawsuit against the administration, challenging the objectivity of the CFIUS review. Separate civil suit filed against Cleveland-Cliffs (CLF) and USW, alleging anticompetitive activities to block the deal. Attention turns to Nippon Steel's news conference today. Macro calendar light on events; next notable data release will be Australia monthly CPI due Wednesday.

  • Pre-open Company News:

    • 532814.IN -- Clarification: Indian Bank provisional gross advances figures were reported 4-Jan

    • 732.HK -- Truly International Holdings reports December revenue HK$1.52B, (3.6%) y/y

    • 4553.JP -- Towa Pharmaceutical releases 2024 Integrated Report

    • PTTGC.TB -- PTT Global Chemical upgraded to buy from sell at Thanachart Securities

    • 1167.HK -- Jacobio Pharmaceuticals Group publishes data from clinical trial of KRAS G12C inhibitor Glecirasib in Nature Medicine

    • 542650.IN -- Metropolis Healthcare provides Q3 business update

    • 3382.JP -- StreetAccount Consensus Metrics Preview - Seven & i Q3 Earnings

    • Hong Kong stock connect daily turnover

    • 000877.CH -- Tianshan Material Co. chairman Liu Yan resigns from all positions, effective immediately

    • 601006.CH -- Daqin Railway reports December Daqin Line cargo transportation 35.0MT, +2.0% y/y

    • 532777.IN -- Info Edge India reports Q3 standalone billings INR6.68B vs year-ago INR5.77B

    • 1816.HK -- CGN Power reports FY24 total power generation of nuclear power generating units 242,181 GWh, +6.1% y/y

    • China December stock market trading turnover CNY35.031T vs month-ago CNY40.532T

    • IMAB -- I-Mab announces portfolio prioritization of givastomig as lead clinical program

  • On Deck:

    • China:

      • Economic:

        • 16:00 CST: FX Reserves; consensus

    • Hong Kong:

      • Earnings:

        • CGN Power (1816.HK)

    • Japan:

      • Earnings:

        • Sugi Holdings (7649.JP), Arclands (9842.JP)

    • Australia:

      • Economic:

        • 11:30 AEST: Building Approvals SA M/M; consensus (0.5%)

    • Taiwan:

      • Economic:

        • 16:00 TST: CPI NSA Y/Y; consensus +2.1%

    • Philippines:

      • Economic:

        • 09:00 SST: CPI Y/Y; consensus +2.6%

  • Market Data:

    • Gold (Feb 25): ($1.80) or (0.07%) to $2645.60

    • WTI Crude (Feb 25): ($0.25) or (0.34%) to $73.31

    • $-¥: +0.44 or +0.28% to 157.7440

    • $-KRW: (5.21) or (0.36%) to 1461.9900

    • A$-$: +0.00 or +0.41% to 0.6239

    • $-INR: (0.16) or (0.18%) to 85.6071

    • $-CNY: +0.00 or +0.01% to 7.3215

  • 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