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 Recap: Nikkei +0.39%, Hang Seng +1.23%, Shanghai Composite +1.04% as of 04:10 ET

Jun 25 ,2025

  • Synopsis:

    • Asia equities ended mostly higher Wednesday. Gains for Greater China boards which again closed near their day's high. Taiwan and India also higher, South Korea underperformed on disappointing MSCI decision on developed market status. Japan's Nikkei was higher but its Topix ended flat. Southeast Asia mostly higher as Singapore gained and Thailand bounced back after BoT appeared dovish in rate decision. US futures flat to lower, Europe a few points ahead at the open. US dollar flat, Asia currencies leaning stronger. Treasury yields turning mixed, JGB yields mostly lower. Crude oil bouncing back from yesterday's selloff, base metals trading down, precious metals higher.

    • Asia stocks closed largely higher to continue overnight momentum on Wall Street, albeit with some caution on reports the Iranian nuclear facilities remain largely in-tact while the Iran-Israel ceasefire remained precarious, but was holding. President Trump also confused oil markets for a time with an apparent hint that Iran would be permitted to ship oil to China in a climb down on sanctions enforcement. Fed Chair Powell supported US moves overnight when he said 'many paths are possible' for Fed rates amid weakening consumer confidence and despite reiteration of Fed's stance on tariff impact on inflation.

    • In macro developments, BOJ June Summary of Opinions showed board preference for keeping rates steady amid elevated uncertainties. Australia monthly inflation eased by more than expected to a seven-month low to reinforce market expectations of a July rate cut. The Bank of Korea warned over the risks to financial stability from housing sector debt; MSCI said it would keep South Korea in its emerging market category citing poor accessibility to data and forex markets. The PBOC unveiled financial support measures to boost consumption but details were vague. The Bank of Thailand held base rate steady at 1.75% but set a dovish tone in its accompanying statement.

    • Reuters reported BYD (1211.HK) has cut shifts at several factories, reducing capacity at plants by up to a third, and postponed expansion plans as it grapples with slowing sales and rising inventory. The Hong Kong Securities and Futures Commission approved Guotai Junan International's (1788.HK) application to provide cryptocurrency trading services; stock nearly triples. Li-S Energy (LIS.AU) has agreed to a collaboration and cell supply agreement with an unnamed defense technology company to test its battery performance in defense applications. Star Entertainment (SGR.AU) shareholders approved a A$300M ($195m) rescue package led by Bally's Corp and the Mathieson family that will allow the casino operator to continue as a going concern.

  • Digest:

    • Iran-Israel ceasefire holding, Iranians say they are ready for diplomacy:

      • Geopolitical tensions tamping down with Iran-Israel ceasefire holding. Press sources cited preliminary assessment by Defense Intelligence Agency that US strikes dealt limited damage to Iran's underground nuclear facilities and likely set back program by only few months (Bloomberg, CNN, NY Times). Sources added strikes did not completely destroy centrifuges and Iran had already moved its stockpiles of enriched uranium beforehand. US envoy Steve Witkoff later told Fox News that media reports on intelligence findings were 'preposterous', and he was adamant US strikes destroyed Iran's ability to resurrect its nuclear program. Trump also dismissed the reports. Following cessation of hostilities, some focus shifting back to prospect of negotiations after Iran's president said willing to resolve issues with US but country asserts right to atomic energy (Reuters). White House has kept in touch with Iranian officials, though maintains deal contingent on no further Iranian enrichment. IAEA head also proposed meeting with Iran's foreign minister to discuss verification of nuclear material. Agency last verified Iran's more than 900 pounds of highly enriched uranium before Israel began its campaign on 13-Jun (Bloomberg).

    • Japan government may cut this year's growth forecast as hit from tariffs bite:

      • Reuters reported Japan's government is to consider trimming this fiscal year's GDP growth forecast to below 1.0% from current 1.2% made at end of 2024 due to expected hit to global demand from US tariffs. Article cited three government sources saying government will finalize projections at end of July to consider developments on US tariffs. Bank of Japan cut full fiscal year forecast of 0.5% from 1.1% in May citing expected hit from tariffs. Japan trade negotiator Akazawa set to attend seventh round of trade negotiations with US, meet with commerce secretary Lutnick, as early as 26-Jun with focus on tariffs imposed on Japan-made autos (Reuters). But recent reports suggest talks stalled amid threat of 24% import tariff unless deal can be reached, and despite PM Ishiba last week saying country would protect trade interests, not rush deal (Bloomberg).

    • BOJ June Summary of Opinions shows jury remains out on tariff impacts:

      • Summary of Opinions for the June MPM largely indicated ongoing lack of clarity regarding tariff effects, though inferred impacts were so far limited given economic resilience. Main read-through was that uncertainties remain too high to look ahead with a sufficient degree of confidence. Uncertainties extended to inflation, though discussions were incremental, noting potential upside risk from surging rice prices and dovish leaning policy mix in Europe, US, China and other emerging economies. Remarks on monetary policy generally favored waiting out uncertainties while maintaining accommodation. One member foresaw a possible situation in which BOJ should decisively hike even when there is high uncertainty (matching Tamura's remarks today). Bulk of discussions were concentrated on the JGB purchase reduction plan. Members fundamentally supported continued tapering though were flexible about the pace amid awareness of the JGB market's nascent restoration of market functioning. Most favored a slow-and-steady approach for now with the end point still yet to be discussed. One hawkish view called for normalization as soon as possible to shore up market capacity to absorb shocks.

    • Cooler Australia monthly inflation reinforces market expectations of July rate cut:

      • July RBA rate cut expectations reinforced by cooler-than-expected Australian monthly inflation. CPI inflation eased to 2.1% y/y in May from 2.4% in April, lower than 2.3% expected and weakest print since Oct-2024. Trimmed mean inflation fell to 2.4% from 2.8%, lowest since Nov-2021. Moderation in rents, housing costs and insurance drove fall in inflation. While monthly CPI considered less reliable indicator than quarterly CPI series, swaps markets moved to price in ~90% chance of RBA rate cut in July from ~80% prior to data (Bloomberg). Deutsche Bank, RBC and CBA also added July rate cut to their forecasts following data while UBS reviewing its hold prediction for next month. CPI result adds to recent data indicating slowing economic momentum after Q1 GDP slowed by more than expected and May employment unexpectedly contracted. RBA's communications have also leaned dovish after putting more emphasis on employment side of its mandate and warning of downside risks to growth from tariffs. Sell-side terminal rate estimates have been clustered around 3.10%, implying three more rate cuts over the cycle.

    • Bank of Thailand keeps base rate unchanged as cabinet approves stimulus:

      • Bank of Thailand kept policy rate unchanged at 1.75% Wednesday, adopted dovish tone to counter uncertainties stemming from US import tariffs, risks from geopolitics, domestic political turmoil. MPC said would adjust monetary policy 'appropriately' to economic outlook, which it described as 'highly uncertain' although acknowledged limited policy space. MPC vote was six to one, dissenter looked for 25 bps cut to support groups affected by weaker economy. Bank forecast economy would expand 2.3% y/y this year, thanks in part to outperformance in Q1; 1.7% y/y in 2026, assuming 18% tariff band from US. Expects private consumption to expand at slower pace in H2, noted tourism numbers fallen. Inflation should remain at low 0.5% this year, 0.8% next. Separately, late Tuesday, Thailand's cabinet approved infrastructure, tourism stimulus projects worth THB115B ($3.5B) or 0.4 percentage points of GDP growth, according to finance ministry (BangkokPost).

    • Notable Gainers:

      • +198.4% 1788.HK (Guotai Junan International Holdings): approved to provide cryptocurrency and other virtual asset trading services

      • +23.7% LIS.AU (Li-S Energy): enters into formal collaboration agreement and cell supply agreement with leading defence technology company

      • +11.5% 1709.HK (DL Holdings Group): to set up cryptocurrency JV

      • +3.7% 4183.JP (Mitsui Chemicals): sells all 50% stake in JV Shanghai Sinopec Mitsui Chemicals

    • Notable Decliners:

      • -11.4% PGC.AU (Paragon Care): CEO David Collins to step down, effective 1-Jul

      • -5.2% DVP.AU (Develop Global): confirms A$180M institutional placement at A$4.50/share

      • -1.5% 6060.HK (ZhongAn Online P&C Insurance): Ant Group cuts stake

      • -1.2% 259960.KS (KRAFTON): to acquire ADK Holdings from BCPE Madison Holdings Cayman for KRW710.37B (¥75.00B)

  • Data:

    • Economic:

      • Japan

        • May services PPI +3.3% y/y vs consensus +3.1% and revised +3.4% in prior month

      • Australia

        • May CPI +2.1% y/y vs consensus +2.3% and +2.4% in April

          • Trimmed mean CPI +2.4% y/y vs +2.8% in April

      • New Zealand

        • May trade balance NZ$1.235M vs NZ$1,426M in April

          • Exports +9.7% y/y vs +25% in April

          • Imports (7.2%) y/y vs +1.8% in April

    • Markets:

      • Nikkei: 151.51 or +0.39% to 38942.07

      • Hang Seng: 297.60 or +1.23% to 24474.67

      • Shanghai Composite: 35.41 or +1.04% to 3455.97

      • Shenzhen Composite: 28.54 or +1.41% to 2051.86

      • ASX200: 3.70 or +0.04% to 8559.20

      • KOSPI: 4.61 or +0.15% to 3108.25

      • SENSEX: 710.04 or +0.87% to 82765.15

    • Currencies:

      • $-¥: +0.39 or +0.27% to 145.3110

      • $-KRW: +2.28 or +0.17% to 1361.3000

      • A$-$: +0.00 or +0.03% to 0.6496

      • $-INR: +0.05 or +0.06% to 86.0000

      • $-CNY: (0.00) or (0.03%) to 7.1698

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