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 (0.05%), Hang Seng (1.36%), Shanghai Composite +0.17% as of 04:10 ET

Jul 30 ,2025

  • Synopsis:

    • Asia equities again ended mixed Wednesday. Gains for Shanghai's composite, Australia's ASX, the Kospi and Taiex. Hong Kong, Shenzhen, Singapore and India all lower. Southeast Asia also mixed. US futures higher, Europe mixed in the first hour of trade. US dollar flat, yen stronger, AUD a little weaker following lower-than-expected inflation. Treasuries and JGBs mixed, CGB yields higher again. Crude and precious metals unchanged, iron ore leading base metals higher.

    • Asia equities uncertain of a firm direction Wednesday ahead of several critical data points later this week and uncertain developments over tariffs: Japan equities mixed, Hong Kong volatile and sharply lower, but technology-leaning benchmarks showed resilience to end higher. US and China officials ended two days of talks in Stockholm without a major breakthrough just as US Secretary of State Bessent doubled down on threats to impose restrictive sanctions on Russian crude exports to China, signaling a decisive deal was some way off. A further 90-day extension to Washington's 12-Aug deadline still the most likely outcome although President Trump is likely to have the final say, according to Bessent.

    • In other developments, President Trump said India could face 20-25% tariffs reflecting lingering divisions between the two sides on US access to India's agriculture, auto and dairy markets. South Korea media reported forex may be topic of discussion in Thursday's trade talks with the US. Australia Q2 headline and trimmed mean inflation came in below expectations, firming expectations of an August RBA rate cut. Singapore MAS left policy unchanged but warned of an economic slowdown in H2 and uncertainty in 2026. Thailand's government raised its FY GDP growth forecast amid resilient exports. Ahead, US Fed expected to leave policy unchanged with statement expected to re-emphasize data dependency with an avoidance of hints toward a September cut.

    • Fujitec (6406.JP) has received a tender offer for the firm from Sweden's investment firm EQT at a substantial discount to its most recent closing price; shares down sharply. Toyota Motor (7203.JP) said it sold a record number of vehicles in H1-25 on a strong demand for hybrids as well as from US customers ahead of tariffs. HSBC (5.HK) Q2 profits fell 29% and said it continued to expect demand for lending to remain muted during 2025; said French and Swiss authorities are investigating its private bank unit. LG Energy Solution (373220.KS) signed a $4.3B battery supply deal with Tesla, according to Reuters. Samsung Electronics (005930.KS) is said to be revisiting places to invest $7B in an advanced packaging facility for HBM chips in Texas while SK Hynix (000660.KS) is considering the construction of a new DRAM production line in the US. Rio Tinto (RIO.AU) posted a decline in H1 profits amid stagnant commodity prices and trade uncertainties. Reliance Industries (500325.IN) is proposing to sell just 5% of its Jio telecom unit in an IPO next year that still may raise around $6B.

  • Digest:

    • No breakthrough in US-China talks, Trump to decide on tariff deadline extension:

      • US and China wrapped up two days of talks in Stockholm with no major breakthroughs beyond noting discussions were constructive. (CNBC, Reuters, Bloomberg, SCMP). Before meeting Bessent said he would raise issue of China's purchases of sanctioned Russian and Iranian crude. Bessent reminded China about potential for secondary tariffs though Beijing asserted its purchases would be based on internal needs (Reuters). US didn't get any commitments from China on addressing industrial overcapacity and reorienting economy towards consumption. USTR Greer noted rare earths situation improving but wanted assurances on continued flow of rare earths magnets. China was also expected to raise issues of fentanyl tariffs and export controls. Xinhua readout made little mention of sticking points, instead repeating need to further consolidate Geneva consensus and deepen mutual trust. Two sides appeared to differ on expectations for tariff deadline extension. China trade official Li Chenggang said two agreed on maintaining truce, but Bessent clarified final decision will be left to Trump and that he'd brief the president on remaining issues between the two sides. Still, Trump seemed to have a positive take, noting Bessent felt very good about the meeting.

    • China Politburo pledges to better manage capacity in key industries:

      • Xinhua published July Politburo meeting readout in which authorities vowed to step up macroeconomic policy support. Will implement more proactive fiscal policy and moderately loose monetary policy to fully unleash policy effects. Will accelerate issuance and usage of government bonds. Monetary policy would ensure ample liquidity and push for lower overall social financing costs. On trade, China will strengthen financial support to enterprises that are significantly affected by external shocks and optimize export tax rebate policies. Most notably, authorities pledged to optimize market competition, regulate "disorderly competition" among companies, and tackle overcapacity in some key industries. Top leaders also vowed to bolster services consumption and curb local government debt risks. Xinhua also reported ruling Communist Party will hold fourth plenum in October, which Bloomberg noted the key conclave that involves some 400 members of party elite will discuss country's development plan for next five years (2026-2030).

    • US wants more from South Korea in trade talks, FX may feature in discussions:

      • South Korean and US officials to resume trade negotiations on Thursday afterfinishing talks on Tuesday (Yonhap). Commerce Secretary Lutnick reportedly urged them to bring their best and final offer in trade talks (Bloomberg). Yonhap interpreted Lutnick's comment as a demand for more concessions amid indications South Korea's proposed shipbuilding investment package (reported to be worth $100B) is insufficient when Japan and Europe reportedly offered $550B and $600B respectively. South Korea under pressure to get Trump to lower tariff rate from 25% to 15%, or its automakers will be left at disadvantage compared to Japan and European counterparts. Korea Economic Daily also reported two sides may discuss FX during Thursday talks, though it did not cite sources. Claimed US demanded Korea take measures to appreciate the won. Note that Treasury Department's semiannual FX report in early June did not label South Korea a currency manipulator but kept it on its FX monitoring list. FX speculation not new after Korea Economic Daily report in May also noted currency had been a feature of trade talks (Bloomberg).

    • Australian inflation falls by more than expected, firming August rate cut expectations:

      • Australia Q2 headline inflation eased to 0.7% q/q from Q1's 0.9%, below consensus 0.8%. Brought yearly rate to 2.1% from 2.4% (vs consensus 2.2%), lowest since Q1-2021. More important trimmed mean inflation unexpectedly fell to 0.6% q/q from 0.7%, bringing yearly rate to 2.7% from 2.9%, in-line with RBA's forecast in May and lowest since Q4-2021. Moderation in core measure came from further falls in previously sticky categories such as education, insurance and rents, taking services inflation to lowest since Jun-2022. Drop in goods inflation primarily reflected lower fuel prices. Monthly CPI unexpectedly fell to 1.9% in May, first time below 2-3% target since series inception. Trimmed mean inflation fell to 2.1% from 2.4% in May, lowest since Aug-2021. June's fall driven by slowdown in rents, new dwelling costs and health. Data firmed expectations of an August rate cut after Governor Bullock said at July press conference that board favored waiting a month to gain greater confidence on disinflation trajectory before resuming easing cycle. Recent Bloomberg survey showed economists anticipate three rate cuts by early 2026 for terminal rate of 3.10%.

    • Singapore monetary authority holds policy steady but warns of economic slowdown in H2:

      • Monetary Authority of Singapore (MAS) held its monetary policy steady, as expected by majority of economists, by holding appreciation rate SGD's nominal effective exchange rate (S$NEER) unchanged, keeping width and center point also unchanged. MAS said global economic growth more resilient than it had earlier anticipated with manufacturing, trade remaining steady due to front-loading, AI-related investments. Added risk of a sharp step-down in global growth receded with trade tension de-escalation however warned Singapore's GDP growth will moderate in H2-25 as trade-related sectors pullback, offset by activity in construction, financial services. Prospects for Singapore economy remain subject to 'significant uncertainty' especially in 2026 as tariffs impact country's export sectors; renewed trade tensions, geopolitical or financial shocks could weigh on GDP growth further. Inflation expectations unchanged at 0.5% for core, 1.5% for inflation, to rise marginally in H2.

    • Notable Gainers:

      • +8.2% 902.HK (Huaneng Power International): reports H1 CAS net income attributable CNY9.26B, +24% vs year-ago CNY7.45B

      • +6.1% 6701.JP (NEC Corp): reports Q1 earnings; revenue ahead of FactSet estimates; reiterates FY guidance

      • +4.9% 7751.JP (Canon): to launch up to 32M-share buyback for up to ¥100B

      • +0.1% 7203.JP (Toyota Motor): reports June global production +7.4% y/y to 854,565

    • Notable Decliners:

      • -23.3% 7309.JP (Shimano): reports H1 results; operating income below guidance; lowers FY guidance

      • -9.5% 6406.JP (Fujitec): EQT to launch tender offer for Fujitec at ¥5,700/share

      • -8.7% 8609.JP (Okasan Securities Group): reports Q1 net income attributable ¥1.72B, (48%) vs year-ago ¥3.31B

      • -4.1% 9202.JP (ANA HOLDINGS): reports Q1 earnings; revenue below FactSet estimates

      • -3.4% 259960.KS (KRAFTON): reports Q2 earnings with operating profit, revenue below StreetAccount estimates

  • Data:

    • Economic:

      • Australia

        • Q2 headline CPI +0.7% q/q vs consensus +0.8% and +0.9% in Q1

          • Headline CPI +2.1% y/y vs consensus 2.2% and +2.4% in Q1

          • Trimmed mean CPI +0.6% q/q vs consensus +0.7% and +0.7% in Q1

            • Trimmed mean +2.7% y/y vs consensus +2.7% and +2.9% in Q1

        • June CPI 1.9% y/y vs consensus +2.1% and +2.1% in May

          • Trimmed mean CPI +2.1% y/y vs +2.4% in May

      • New Zealand

        • July ANZ Business Confidence +47.8 vs +46.3 in June

    • Markets:

      • Nikkei: (19.85) or (0.05%) to 40654.70

      • Hang Seng: (347.52) or (1.36%) to 25176.93

      • Shanghai Composite: 6.01 or +0.17% to 3615.72

      • Shenzhen Composite: (16.34) or (0.74%) to 2205.79

      • ASX200: 51.80 or +0.60% to 8756.40

      • KOSPI: 23.90 or +0.74% to 3254.47

    • Currencies:

      • $-¥: (0.42) or (0.29%) to 148.0500

      • $-KRW: (6.63) or (0.48%) to 1382.0100

      • A$-$: (0.00) or (0.09%) to 0.6502

      • $-INR: +0.31 or +0.36% to 87.3713

      • $-CNY: +0.00 or +0.02% to 7.1781

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