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 +0.08%, Hang Seng Futures +0.42%, ASX SPI 200 +0.72%, S&P Futures (0.03%)

Feb 13 ,2025

  • Synopsis:

    • Asian markets set for positive start to Friday trade. Futures signaling opening gains in Hong Kong while Japan tracking for flat open. ASX advancing in initial trade. S&P 500 futures flat after US indexes rebounded on Thursday. Australian bonds rallying after Treasury yields swung lower following dovish market takeaways from US PPI. Crude and gold up slightly from overnight close. Dollar firming against yen following broad pullback on Thursday. Bitcoin remains rangebound.

    • Trump made widely anticipated announcement on reciprocal tariffs though was absence of details and delayed implementation spun as positives. Implementation delay viewed as a signal there is room for negotiations and Trump said tariffs can be avoided if other countries drop theirs. While announcement was welcomed by markets, Trump also said not to expect exemptions, and he reiterated plans to impose additive tariffs on autos, pharma and chips.

    • Trump met with India PM Modi at White House on Thursday with two leaders discussing range of trade issues, including Indian purchases of US energy and defense equipment as part of broader efforts towards bilateral trade deal. Talks come at a crucial time for India, which is particularly vulnerable to reciprocal tariffs given it has among highest differentials with US. Indian stocks have underperformed recently with Nifty 500 down 3% week-to-date.

    • Mixed takeaways from US January PPI. While core measure was in-line and annualized core topped consensus, components that feed into Fed's preferred PCE were more subdued, leading economists to revise down their January PCE estimates. Markets brought forward timing of expected Fed rate cut to September from December a day earlier after hotter CPI data drove a hawkish repricing of the rate path.

    • In corporate developments, Honda (7267.JP) and Nissan (7201.JP) confirmed decision to terminate merger talks. Bloomberg sources said KKR considering investment in Nissan. Alibaba (9988.HK) confirmed it will provide AI technology for AAPL iPhones in China, coming as stock continues to hit new record highs. Sources also told The Information Apple continuing to work with Baidu (9888.HK) on AI features for its China iPhones.

  • Pre-open Company News:

    • 021240.KS -- COWAY Co. provides value-up plan; targets more than KRW5T revenue by FY27

    • 600276.CH -- NMPA approves trial of Hengrui Pharmaceuticals's vunakizumab for non-radiographic axial spondyloarthritis

    • 500570.IN -- Tata Motors announces initiative to build EV charging network in India

    • 601963.CH -- The Bank of Chongqing initiated buy at Northeast Securities (timing uncertain)

    • 300558.CH -- Betta Pharmaceuticals files marketing application for Ensartinib to the European Medicines Agency

    • ALAUR.FP -- Advantech expects to buy 2.5M shares in AURES Technologies through tender offer

    • 506076.IN -- Grindwell Norton reports Q3 consolidated EPS INR7.84 vs FactSet INR8.10 [1 est]

    • 7201.JP -- Follow-up: Nissan Motor reports Q3 net income attributable (¥14.10B) vs year-ago ¥29.10B

    • 021240.KS -- COWAY Co. reports FY Operating profit KRW795.37B vs Prior guidance KRW762.0B vs FactSet KRW801.56B [7 est, KRW782.44-825B]

    • 002294.CH -- NMPA accepts submission of Salubris Pharmaceuticals's application for trial of SAL0140 for hypertension

    • 600383.CH -- Gemdale Corp. reports January contracted sales CNY2.25B, (59.1%) y/y

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: New Yuan Loans; consensus

        • 08:00 CST: Foreign Direct Investment Y/Y; consensus

        • 08:00 CST: Loan Growth Y/Y; consensus

        • 08:00 CST: M2 NSA Y/Y; consensus

    • Japan:

      • Earnings:

        • Otsuka Holdings (4578.JP), Dentsu Group (4324.JP), Nxera Pharma (4565.JP), Nippon Paint Holdings (4612.JP), artience (4634.JP), Rakuten Group (4755.JP), Toho Zinc (5707.JP), Casio Computer (6952.JP), Japan Post Bank (7182.JP), Olympus (7733.JP), Credit Saison (8253.JP), Mitsubishi HC Capital (8593.JP), Dai-ichi Life (8750.JP), Kintetsu Group Holdings (9041.JP), MIRAIT Holdings (1417.JP), TORIDOLL Holdings (3397.JP), GungHo Online Entertainment (3765.JP), Hokuetsu (3865.JP), Daio Paper (3880.JP), Medley (4480.JP), Sakata Inx (4633.JP), Resorttrust (4681.JP), SAWAI GROUP HOLDINGS (4887.JP), Milbon (4919.JP), Pola Orbis Holdings (4927.JP), Mec Co. (4971.JP), ENEOS (5020.JP), Toyo Tire (5105.JP), Toyo Tanso (5310.JP), Topre Corp (5975.JP), TAKUMA (6013.JP), AMADA Co. (6113.JP), Japan Post Holdings (6178.JP), Nomura Micro Science (6254.JP), SMC Corp (6273.JP), Sumitomo Heavy Industries (6302.JP), Ebara Corp (6361.JP), Daifuku (6383.JP), TADANO (6395.JP), CKD Corp (6407.JP), Mabuchi Motor Co. (6592.JP), Micronics Japan (6871.JP), Ferrotec Holdings (6890.JP), JAPAN POST INSURANCE (7181.JP), Aichi Financial Group (7389.JP), Noritsu Koki (7744.JP), Asahi Intecc (7747.JP), Menicon (7780.JP), Pilot Corp (7846.JP), Dai Nippon Printing (7912.JP), ASICS Corp (7936.JP), Pigeon (7956.JP), KOKUYO (7984.JP), Sanrio (8136.JP), MOS FOOD SERVICES (8153.JP), Royal Holdings (8179.JP), Sompo (8630.JP), MS&AD Insurance (8725.JP), Tokio Marine Holdings (8766.JP), T&D Holdings (8795.JP), Leopalace21 (8848.JP), Konoike Transport (9025.JP), Nippon Express Holdings (9147.JP), Toei Co. (9605.JP), Sundrug (9989.JP)

    • South Korea:

      • Economic:

        • 08:00 KST: Unemployment Rate; consensus 3.2%

    • Australia:

      • Earnings:

        • Westgold Resources (WGX.AU)

    • India:

      • Earnings:

        • GlaxoSmithKline Pharmaceuticals (500660.IN), Gujarat Narmada Valley Fertilizers & Chemicals (500670.IN), Borosil Renewables (502219.IN), Swan Energy (503310.IN), Rail Vikas Nigam (542649.IN), Glenmark Pharmaceuticals (532296.IN), Aditya Birla Fashion & Retail (535755.IN), Narayana Hrudayalaya (539551.IN), Fertilizers & Chemicals Travancore (590024.IN)

    • Malaysia:

      • Economic:

        • 23:00 EST: Current Account; consensus +MYR9.1B

        • 23:00 EST: GDP NSA Y/Y (Final); consensus +4.8%

  • Market Data:

    • Gold (Apr 25): +$14.00 or +0.48% to $2959.40

    • WTI Crude (Mar 25): +$0.13 or +0.18% to $71.42

    • $-¥: (1.27) or (0.82%) to 153.1470

    • $-KRW: (12.82) or (0.88%) to 1438.9200

    • A$-$: +0.00 or +0.45% to 0.6308

    • $-INR: (0.25) or (0.28%) to 86.7342

    • $-CNY: (0.02) or (0.28%) to 7.2888

  • 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