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 +0.26%, Hang Seng +1.09%, Shanghai Composite +0.70% as of 04:10 ET

Jul 08 ,2025

  • Synopsis:

    • Asia equities ended mostly higher Tuesday on relief the US gave nations another three weeks to negotiate trade deals. South Korea saw the best of the gains despite Samsung Electronics warning over quarterly profits. Hong Kong and Shenzhen with solid gains, Singapore and Japan also finished higher. ASX closed flat after the RBA unexpectedly held base rates steady. India also flat, Thailand underperformed Southeast Asia. US futures mixed, Europe with a higher open. US dollar off overnight highs, AUD jumped on RBA, NZD also higher, other Asia currencies quiet. Treasuries mixed. Oil contracts lower, precious metals flat, copper finding a floor after a three-day selloff.

    • Asia equity markets rising in relief rally after the White House gave countries another three weeks to negotiate trade deals, and largely brushing off letters from President Trump directing terms of tariff levels. India and Taiwan did not receive such letters but most Asia countries did, sparking mixed responses from the region's capitals: Japan's PM Ishiba called Japan's 25% "truly regrettable" while South Korea's industry ministry said it would lengthened period to reach a mutually beneficial result; Malaysia, Thailand and Malaysia all offered to buy more US goods. Vietnam's central bank also said it was ready to take steps to curb inflation, support growth.

    • In other developments, the RBA surprised by keeping base interest rate steady at 3.85% in a 6-3 vote. Australia business sentiment improved for a third consecutive month. Indonesia consumer sentiment improved marginally but remains near three-year lows. Japan exports steadied in first 20 days of June following prior month's contraction. Ahead this week, Bank of Korea and RBNZ rate decisions with both expected to keep lending rates steady.

    • Japan Activation Capital has bought a 4% stake in Omron (6645.JP) for around ¥30B; Omron stock surged. Nissan Motor (7201.JP) said it would increase its convertible bond issuance to ¥200B from ¥150B announced Monday. Hangzhou Hikvision (002415.CH) said it would challenge Canada's order to shut down operations in the country. Samsung Electronics (005930.KS) said it would likely miss Q2 profit targets because of US AI chip curbs on China. Platinum Asset Management (PTM.AU) announced a merger agreement with L1 Capital.

  • Digest:

    • Trump issues tariff letters, but extends deadline to 1-Aug and remains open to negotiations:

      • On Monday President Trump announced 25% tariffs on South Korea, and Japan, similar to Liberation Day levies (Bloomberg, Reuters). At same time Trump signed executive order extending tariff deadline to 1-Aug, leaving open potential for trade agreements. Speaking to reporters afterwards Trump said 1-Aug not firm deadline and confirmed openness to negotiating tariff rates set out in letters if countries present different offers. White House said close to finalizing several trade deals with Treasury Secretary Bessent anticipating several announcements in next 48 hours (CNBC). Trump's letter to Japan also left open tariff adjustment if Tokyo removes tariff and non-tariff trade barriers. Extended deadline seen giving Japan political room to maneuver amid government sensitivity to farm interests ahead of upper house elections on 20-Jul (Bloomberg).PM Ishiba said will continue trade talks though both he and lead negotiator Akazawa maintained red lines on national interests and removal of auto tariffs. South Korea similarly viewed 1-Aug deadline as grace period for talks to continue (Bloomberg). India and EU among trading partners that did not receive tariff letters on Monday. Reuters sources noted EU close to agreement while Trump repeated close to deal with India.

    • Asia equities trade higher as US tariff deadline extended, capitals react with offers:

      • Asia equity markets mostly higher Tuesday in relief Washington gave nations another three weeks to negotiate trade deals. Most Asia countries received letters, sparking mixed responses from the region's capitals: Japan's PM Ishiba called Japan's 25% "truly regrettable" (JapanTimes); South Korea's industry ministry said it would use the period up to 1-Aug to reach a mutually beneficial negotiation result (Yonhap); Malaysia said it would keep seeking a mutually beneficial deal with US after the White House imposed a 25% tariff (NewStraitsTimes); Thailand will see a 36% tariff and offered to acquire more Boeing aircraft and commit to a 20-year LNG import deal to avert it (BangkokPost); Indonesia to see 32% levy despite offering to purchase more aircraft and wheat, Jakarta said there was still room to respond (Bloomberg). India, said to be close to final deal (BusinessStandard),and Taiwan did not receive tariff letters, latter still in ongoing talks (TaiwanNews).

    • RBA unexpectedly leaves cash rate unchanged, Bullock confident on path to rate cuts:

      • RBA left cash rate unchanged at 3.85% against expectations of a 25 bp cut. Six board members voted for decision with three against. RBA Governor Bullock said board maintains cautious, gradual approach to easing policy and is confident on path to more rate cuts. Added that consideration for rate cuts more about timing than direction. Board judged inflation risks as balanced but opted to wait for more information to confirm inflation on track to reach 2.5% target midpoint, underlining significance of Q2 CPI on 30-Jul that may presage an August cut. Bullock highlighted risk that quarterly CPI is higher than what RBA forecast in May as factor that stayed board's hand. RBA remains cautious about outlook amid elevated global uncertainty and with trade developments still expected to negatively affect global activity. Likelihood of severe downside scenario has abated, though board continues to watch situation closely and implications for Australia with policy well placed to respond. Tone on domestic economy somewhat more positive with RBA judging labour market as strong and private demand recovering gradually. Reiterated it remains focused on price stability and full employment sides of mandate.

    • BRICS leaders rebuke Trump following tariff threat:

      • BRICS leaders in Rio de Janeiro rebuked President Trump following his threat to impose additional 10% tariffs on countries that align with the bloc's 'Anti-American policies' (FT, Bloomberg). Officials were attempting to gauge whether Trump's post amounted to specific threat or general rehash of his past criticisms. Reuters sources noted Trump administration won't immediately impose 10% tariffs but will do so if BRICS nations take undertake 'anti-American' policies. Still unclear what would constitute 'anti-American' policies though Trump has previously warned against moves to abandon US dollar. BRICS statement outlined some positions at odds with Trump administration, though also indicated lack of progress in advancing cross-border payments system even as members reaffirmed commitment to expanding local currency financing and diversifying funding sources. BRICS members have talked in broad terms about reducing dollar dependence though moves to abandon dollar and create common currency have not gotten much traction. Some BRICS nations also involved in trade talks with US and Trump is close to some of their leaders, making it unclear how tariffs would be levied.

    • StreetAccount Event Preview: Bank of Korea policy meeting, 10 July

      • Bank of Korea widely expected to keep base interest rate unchanged at 2.5% Thursday with most analysts polled by Reuters expecting either one or two more cuts by year end. June headline CPI rose to 2.2% y/y, above BOK target, however economists said this was mostly supply driven, principally high oil prices caused by Israel-Iran conflict, and unlikely to influence BOK decision. Volatility around summer food prices also unlikely to be factor with core inflation anchored around 2.0%. Bank more likely to be cognizant of Seoul house prices, elevated household loans, impact of 25% tariff rate to start 1-Aug (Yonhap). Forex considerations may also weigh with won rallying strongly since election of President Lee but rate differential with US remains elevated at 2.0%. Analyst cited by Yonhap said BOK has no choice but to align pace of rate cuts with Fed.

    • Notable Gainers:

      • +10.8% 3186.JP (Nextage): reports Q2 earnings; raises FY guidance

      • +10.0% 601138.CH (Foxconn Industrial Internet): guides H1 net income attributable CNY11.96-12.16B vs year-ago CNY8.74B

      • +8.1% 6645.JP (OMRON): Japan Activation Capital reportedly buys 4% stake in OMRON for ¥30B

      • +3.0% 3088.JP (MatsukiyoCocokara & Co.): upgraded to overweight from neutral at JPMorgan; firm positive on company's commitment to improving shareholder value

    • Notable Decliners:

      • -6.4% 7201.JP (Nissan Motor): to increase convertible bond to ¥200.00B from ¥150.00B

      • -3.6% 1164.HK (CGN Mining): expects CGN Global Uranium H1 gross profit to be significantly and negatively impacted by market price fluctuations

      • -3.2% 3443.TT (Global Unichip): reports June revenue NT$2.42B, (9.5%) y/y

      • -0.5% 005930.KS (Samsung Electronics): reports preliminary Q2 operating profit KRW4.60T vs StreetAccount KRW6.834T, revenue KRW74.00T vs StreetAccount KRW76.308T; to launch KRW3.510T buyback, to run from 9-Jul through 8-Oct

      • -0.4% 17.HK (New World Development): reportedly looks to sell office portion of Shanghai K11 property

  • Data:

    • Economic:

      • Japan

        • May current account balance ¥3,436.4B vs ¥2,258.0B in prior month

        • June bank lending +2.8% y/y vs +2.4% in prior month

      • Australia June

        • NAB business confidence +5 vs +2 in May

          • Business conditions +9 vs 0 in May

    • Markets:

      • Nikkei: 101.13 or +0.26% to 39688.81

      • Hang Seng: 260.24 or +1.09% to 24148.07

      • Shanghai Composite: 24.35 or +0.70% to 3497.48

      • Shenzhen Composite: 27.90 or +1.34% to 2102.36

      • ASX200: 1.40 or +0.02% to 8590.70

      • KOSPI: 55.48 or +1.81% to 3114.95

      • SENSEX: 55.59 or +0.07% to 83498.09

    • Currencies:

      • $-¥: +0.05 or +0.04% to 146.1320

      • $-KRW: (8.49) or (0.62%) to 1367.1000

      • A$-$: +0.00 or +0.74% to 0.6539

      • $-INR: (0.15) or (0.17%) to 85.7059

      • $-CNY: (0.00) or (0.05%) to 7.1711

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