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 +1.71%, Hang Seng (0.98%), Shanghai Composite +0.83% as of 04:10 ET

Aug 15 ,2025

  • Synopsis:

    • Asia equities ended mixed Friday but most finished with solid w/w advances: Among the gainers were the Nikkei and Topix boards and mainland China benchmarks, while there were advances in Australia and Taiwan. On the downside, the Hang Seng sank post China economic data, while Singapore and the rest of Southeast Asia were soft. India and South Korea were closed for holidays. US futures higher, European markets advancing at the open. US dollar notably lower, yen and AUD stronger. Treasury yields mixed. WTI and Brent futures holding on to yesterday's gains. Gold sharply lower, iron ore down after China economic data.

    • Asia equities diverged Friday amid contrasting economic data. Japan's benchmarks rebounded to reapproach this week's record highs following yesterday's down day after Q2 GDP growth came in above expectations. But the Hang Seng came under renewed pressure after China's July economic activity data broadly weakened and missed expectations. Industrial production and retail sales still grew but were below June's figures, while fixed asset investment contracted by more than 5%. New home prices fell again however there was some outperformance in developer stocks after a report late Thursday said Beijing was considering asking state-owned companies to buy unsold properties.

    • However, analysts noted the services industry output growth component was still a strong +5.8%, leading some to calculate China's monthly GDP was on track at around 5% y/y, and therefore Beijing was unlikely to follow up with any fresh stimulus programs for now. Elsewhere, Malaysia Q2 GDP growth came in a little below expectations and India's PM Modi promised GST relief for consumers in the coming months.

    • CK Hutchison (1.HK) said it sees a "reasonable chance" of its $22.8B ports sale progressing. JD.com (9618.HK) showed a beat in its core retail business but larger-than-expected losses in its food delivery business as competition heated up. Ampol (ALD.AU) said it planned to buy EG Group's 500 local gas stations in Australia for A$1.1B ($714M).

  • Digest:

    • China activity slows by more than expectations:

      • Headline July activity metrics were broadly weaker than expected. Industrial production rose 5.7% y/y, below consensus 6.0%. Follows 6.8% in the previous month and marks the lowest growth since November. Integrated circuits, passenger cars and smartphones were positive while crude steel, PCs fell. Retail sales grew 3.7% vs consensus 4.6%, following 4.8% in prior month for the softest YTD. Goods sales held back mainly by cars and fuel, while catering growth remained depressed. Government trade-in subsidies remained the key underlying support factor. Fixed asset investment faded notably to 1.6% YTD from 2.8%. Consensus 2.7% was notably off in back-to-back months. Key segments continued to soften -- infrastructure waned sharply to 3.2% from 4.6%, manufacturing slowed to 6.2% from 7.5%, while closely watched real estate contraction deepened to 12.0% from 11.2%. Reflects ongoing deterioration in aggregate sales and funding, while declines in new construction starts remained well in double digits. Unemployment rate rose to 5.2% vs consensus 5.1% and prior 5.0%. Recall that stimulus expectations largely tied to US tariff risks. Policy motivation was viewed to have receded after H1 economic growth momentum remained relatively resilient. Consensus 2025 growth forecasts recovered after the first US-China tariff truce, though there have been no notable developments since the 90-day extension with an average forecast of 4.6% (Reuters), remaining below the government target of around 5%.

    • China new home prices extend decline in July:

      • New home prices in China fell 0.3% m/m in July based on Reuters calculations of NBS data, at same pace as prior month. Prices were down 2.8% y/y, compared with 3.2% drop in June. Bloomberg added slump in values of second-hand homes unexpectedly narrowed to 0.55%, compared with 0.61% in June. Fall in new and second-hand home prices were across top-tier and lower-tier cities, except Shanghai which saw its new homes record gains from June and year-ago. Bloomberg noted downward spiral in property market has extended for five years with no signs of easing amid falling property values, households in financial distress and developers laden with debt. Added China Evergrande's (1333.HK) delisting from HKSE on 25-Aug seen as bleak milestone for property sector. There were calls for additional policy support as effects of stimulus blitz last September tapered off. Recall Bloomberg broke story yesterday that authorities were considering asking central SOEs and bad debt managers to purchase unsold homes from distressed property developers. Moves are still under discussion while initial market reactions were largely positive with both Hang Seng Mainland Property Index and CSI Mainland Real Estate Index jumping on Friday morning.

    • Japan Q2 GDP beats, prior quarter revised to expansion:

      • GDP grew 1.0% q/q annualized in Q2, above consensus 0.4%. Prior quarter was revised to a 0.6% expansion from 0.2% contraction. Main surprises and growth drivers came in capex and external demand, partially offset by a drag from private inventories. Private consumption extended streak of marginal growth. Bounce in durables negated by back-to-back declines in non-durables while services were little changed. Public demand leaned negative for the third straight quarter. Employee compensation rebounded from the previous drop, continuing its up-and-down pattern in recent quarters. Amid ongoing attention on inflation, GDP deflator eased to +3.0% y/y from +3.3% as the domestic demand deflator also moderated. Nominal GDP expanded 5.1% q/q annualized with components led by private residential investment and capex. Private consumption tracking somewhat firmer though still at a sub-1% pace. Early takeaways were positive after previews had focused on the risk of a technical recession based on prior contraction in Q1 and limited optimism toward Q2. However, uncertainties continue going forward with consensus currently pointing to flat growth in Q3 reflecting lack of clear near-term growth drivers.

    • India PM Modi pushes for self-reliance and vows to protect farmers amid US tariffs:

      • In his address on India's 79th Independence Day, PM Modi urged country to move towards more self-reliance, design and produce high-quality goods at home, from fertilizers to jet engines to EV batteries (Reuters, Bloomberg). Vowed to protect interests of farmers, fishermen, cattle rearers, calling them his "top priorities" as Washington hit New Delhi with a 50% tariff rate, much higher than regional peers when trade talks between two sides stalled, largely due to disagreements over imports of US agricultural products and India's purchases of Russian oil. Modi added India's macro-economic fundamentals remain strong with inflation under control and an adequate FX reserve. Will cut consumption tax for first time since it was introduced in 2017 to boost demand with new changes to be unveiled around Diwali in October. Modi also said home-made semiconductor chips will hit market by year-end and country is pushing for self-reliance in producing critical minerals with exploration underway at more than 1,200 locations.

    • Malaysia's Q2 GDP reading shows steady growth but marginally misses forecasts:

      • Malaysia's central bank (BNM) said country's economy grew 4.4% y/y in Q2 on higher household demand, stronger labor market conditions. Figure slightly below government's advanced estimate, Reuters consensus of 4.5%. Bank lowered FY growth estimate to 4.0-4.8% last month on export uncertainty but said forecasting was challenging amid continued uncertainty from US tariffs, full impact would take time to materialize but noted Malaysia had diversified export structure. Country to see 19% tariff but several sectoral tariffs remain under review by Washington. Said Q2 exports contracted on lower commodity-related shipments offset by strength in electronics sector, robust tourist arrivals. Bank said headline inflation to average 1.5-2.3% this year with inflationary pressures from commodity prices limited. BNM trimmed interest rates in July, released more liquidity into financial sector to boost economic activity ahead of tariff's full impact.

    • Notable Gainers:

      • +11.7% 6618.HK (JD Health International): reports H1 with adjusted net income CNY3.57B vs StreetAccount CNY2.80B

      • +11.2% 6361.JP (Ebara Corp): reports H1 revenue ¥448.77B vs guidance ¥432.00B and year-ago ¥394.54B, launches up-to-¥20B buyback programme for up-to-9.1M shares

      • +9.9% 9898.HK (Weibo Corporation): reports Q2 non-GAAP EPS $0.54 vs StreetAccount $0.43

      • +7.7% ALD.AU (Ampol): to acquire EG Australia for A$1.1B

      • +3.8% 2317.TT (Hon Hai Precision Industry): reports Q2 results; EPS NT$3.19 vs FactSet NT$2.71 and revenue NT$1.793T vs FactSet NT$1.789T

    • Notable Decliners:

      • -12.7% 4324.JP (Dentsu Group): reports Q2 results; operating profit (¥62.0B) vs FactSet ¥2.26B; lowers FY guidance; to cut around 8% jobs in international business

      • -10.0% 6750.JP (Elecom): reports Q1 with revenue ¥28.64B vs FactSet ¥29.60B, operating income ¥3.01B vs FactSet ¥3.20B

      • -9.4% 8253.JP (Credit Saison): reports Q1 earnings with revenue ¥108.96B vs FactSet ¥121.82B

      • -1.1% 1.HK (CK Hutchison Holdings): reports H1 results; revenue HK$240.66B, +3% vs year-ago HK$232.64B

  • Data:

    • Economic:

      • China July

        • Industrial production +5.7% y/y vs consensus +6.0% and +6.8% in prior month

          • Retail sales +3.7% y/y vs consensus +4.6% and +4.8% in prior month

          • Fixed asset investment (YTD) +1.6% y/y vs consensus +2.7% and +2.8% in prior month

          • Unemployment rate 5.2% vs consensus 5.1% and 5.0% in prior month

        • New house prices (0.3%) m/m vs (0.3%) in prior month (Reuters)

      • Japan

        • Q2 GDP +1.0% q/q annualized vs consensus +0.4% and revised +0.6% in prior quarter

          • GDP +0.3% q/q vs consensus +0.1% and revised +0.1% in prior quarter

        • June Industrial Production m/m (revised) +2.1% versus +1.7% in prior month

        • June Retail Sales NSA y/y (5.3%) versus (5.3%) in prior month

    • Markets:

      • Nikkei: 729.05 or +1.71% to 43378.31

      • Hang Seng: (249.25) or (0.98%) to 25270.07

      • Shanghai Composite: 30.33 or +0.83% to 3696.77

      • Shenzhen Composite: 39.11 or +1.73% to 2300.77

      • ASX200: 64.80 or +0.73% to 8938.60

      • KOSPI: Closed

      • SENSEX: Closed

    • Currencies:

      • $-¥: (0.83) or (0.56%) to 146.9370

      • $-KRW: (2.41) or (0.17%) to 1386.6600

      • A$-$: +0.00 or +0.23% to 0.6510

      • $-INR: (0.19) or (0.21%) to 87.5035

      • $-CNY: +0.00 or +0.02% to 7.1819

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