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: BNY).

 

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 +2.81%, Hang Seng +1.93%, Shanghai Composite +1.12% as of 04:10 ET

Jun 12 ,2026

  • Synopsis:

    • Asia equities ended higher across the region Friday albeit with most off their peaks. South Korea's Kospi outperformed and closed around 4.6% higher; strong gains for the Nikkei 225 and Taiex; Greater China all higher, Australia and Singapore gained while India is also trading higher. Southeast Asia saw more gains as Jakarta again outperformed. US futures higher, Europe opened with strong gains. US dollar creeping higher once more from overnight lows; AUD and NZD weaker, won also weaker again, yen strengthening late on. Treasury yields mixed, JGB yields lower. Crude oil building on overnight losses with Brent below $90/bl. Precious metals higher but off their peaks. Base metals higher. Cryptocurrencies slightly lower.

    • Asia markets strong across the board Friday although many still ended with w/w losses as the volatility increased on an almost daily basis. South Korea's Kospi seeing another wild day, up more than 8% at one point before dipping into the close on a Bloomberg report that suggested global banks were curbing hedge funds from placing leveraged trades on SK Hynix (000660.KS) and Samsung Electronics (005930.KS) as well as Taiwan's TSMC (2330.TT). Action by domestic banks may also be targeting leveraged retail trades as overdrafts soared in May while the Bank of Korea Governor warned again on financial instabilities and inflation, almost guaranteeing a rate rise next month.

    • Positive regional sentiment triggered by overnight comments from President Trump who again suggested a MoU with Iran that included the reopening of the Strait of Hormuz and a ceasefire extension could be signed as soon as this weekend. Tehran intially pushed back against the claims but nevertheless markets responded positively with a rally in regional forex and equity markets, and declines in crude and the US dollar. Late on, CNBC cited Iranian media saying the proposed deal would also see the US lift oil sanctions.

    • Elsewhere, Beijing asked its state-owned banks to curb their interbank lending to soak up excess cash, a move done previously during volatility or when Beijing wants to control the pace of credit extension. Ahead tonight, SpaceX (SPCX) debuts in New York with shadow trading suggesting a 35% jump at the open while in Asia several suppliers rose including HANMI Semiconductor (042700.KS) that said it will invest KRW50B with the aim of supplying Terafab. In other regional developments, New Zealand manufacturing output contracted in May. Malaysia industrial output grew to a near four-year high while Thailand consumer sentiment dropped on higher fuel prices.

    • A Mitsui Chemicals (4183.JP) subsidiary is to acquire US-based Ultradent Products for $900M with completion scheduled for September. Alibaba (9988.HK) has offered $1.5B to buy China-based grocery firm Pupu that is likely to trigger a bidding war with rivals. Woodside Energy (WDS.AU) is to exercise its right to buy PetroChina's (857.HK) 10.67% stake in the joint venture that owns the Browse natural gas project. PTT Global Chemical (PTTGC.TB) denied media speculation that it was oil stockpiling arising from the middle east crisis.

  • Digest:

    • Trump calls off Iran strikes, says deal is close:

      • Middle East tensions dialled back after President Trump raised expectations of an agreement to end Iran conflict (Bloomberg, Reuters). Trump called off planned military strikes, claiming main points have been approved by regional countries. Trump told reporters MoU could be signed over weekend in Europe with VP Vance leading US delegation. Axios revealed contents of MoU, which includes 60-day ceasefire extension, framework for addressing uranium stockpiles and an immediate reopening of Strait of Hormuz with no tolls. Iran's nuclear program will be discussed in future accord though MoU will include promise Iranian promise not to acquire nuclear weapon\

      • Iran foreign ministry spokesman said large parts of text have been agreed to but no final conclusion reached yet. Trump said he understood Khamenei has given green light. Unclear to what extent two sides bridged their differences with Tehran having refused to compromise on its red lines on sanctions relief, unfreezing of assets and management of Strait of Hormuz. Israel PM Netanyahu said Israel was not a party to MoU, though noted Trump's commitment to a deal that includes removal of Iran's enriched uranium, dismantling nuclear facilities, curbing missile capability and ending support for regional proxies.

      • Trump's reversal comes after he had earlier announced plans for a third day of air strikes while threatening to take Kharg Island and other oil infrastructure at some point in the future with in aim of assuming control of Iran's energy markets (though he later backed off that threat if Iran signs deal). Talks have continued this week despite the strikes, which sources described as pressure tactics rather than resumption of full-blown conflict.

    • Global banks curb leveraged bets on Samsung and SK Hynix amid volatile week:

      • South Korean stocks capped off a volatile week that ultimately netted out to a 0.5% weekly decline on Kospi. Market gripped by huge daily fluctuations during the week amid broader turbulence in global semi/memory names. Volatility attributed to various factors, including an unwinding of crowded (and leveraged) longs amid overbought signals, pickup and subsequent reversal of Middle East tensions, inflation concerns, hawkish central banks and accompanying rate repricing.

      • Outsized swings prompting efforts rein in speculative excess. Bloomberg sources said global banks have raised financing costs for leveraged bets on SK Hynix (000660.KS) and Samsung Electronics (005930.KS). Swap rate spread above SOFR (last at 3.6%) now at +300 bp to +11%, vs +100-200 bp spread in early May. Other banks rejecting clients seeking new swap trades or have stopped accepting additional orders. Restrictions speak to concerns among banks about experiencing losses in event of a major correction in the two stocks that lead to defaults on margin calls.

      • Development spotlighting more attention on extent of leverage in fueling turbulence in South Korea, mostly via ETFs that are comprised largely of Samsung and SK Hynix. Samsung and SK Hynix 2x leveraged ETFs are popular among retail traders but also compounding selling pressure when volatility spikes (Chosun). South Korea's financial authorities held emergency meeting on weekend, pledging to tackle excessive volatility and market concentration. Vowed to probe transactions that distort price discovery and one-sided trades aimed at manipulating prices.

    • Vast majority of Chinese listed banks running at dangerously low NIMs:

      • Nikkei discussed ongoing struggles in China's banking sector, highlighting analysis based on 2025 annual reports that NIMs declined among 46 out of 58 commercial banks listed in mainland China and Hong Kong. Cited a Chinese banking industry association that sees the critical threshold at 1.8%, and 50 of the banks were running below that level after this lagging proportion grew for the fifth straight year. Among the big four state-owned institutions, Agricultural Bank of China (1288.HK) plumbed a new low of 1.26% from 1.28% in the previous year. All majors logged declines on the year and even the highest, China Construction Bank (939.HK), fell 0.17 ppt to 1.34%, well below the warning line. While there are signs that NIMs are bottoming out, this is largely due to high-interest time deposits reaching maturity. NPLs pose a threat, growing 5% as of 2025-end to CNY2.4T ($354B). While the NPL ratio fell for the seventh straight year to 1.3%, that reflected higher lending and observers say asset valuations don't reflect reality. Japan Research Institute estimates the NPL ratio instead rose to 9.3% from 7.8%. Macro environment has been suppressed by the prolonged real estate slump, dulling consumer spending and raising the risk of deflation. Anxiety over the outlook has stunted household borrowing and led to lower lending rates. While PBOC maintains an easing stance, banking profitability pressures reinforce the high bar for further easing.

    • Bank of Korea Governor calls for immediate rate hike to counter inflation, financial risks:

      • Chosun reported comments from Bank of Korea Governor Shin Hyuan-song who called for immediate rate hike amid growing price instability, upward trend in core inflation. Said bank projects future inflation to remain above target for considerable period, said he was concerned about overheating in financial market especially house prices in Seoul. Added debt-fueled investments in stock market that utilize leverage have amplified market volatility. Economists cited by Chosun said comments were de facto rate hike announcement ahead of meeting on 16-Jul. Comments came just as ministry of finance warned South Korea to face higher consumer prices, slower job market in wake of middle east war (Yonhap). Said government will implement extra budget, manage supply of key goods to shield public from conflict's impact however its monthly report also omitted 'downward pressure' on economy phrase, hinting robust exports, improved business and consumer sentiment still strong.

    • Notable Gainers:

      • +24.1% 042700.KS (HANMI Semiconductor): to invest KRW50.00B ($32.7M) in SpaceX

      • +15.2% 1929.HK (Chow Tai Fook Jewellery Group): reports FY net income attributable HK$9.00B vs StreetAccount HK$8.75B

      • +7.8% 042660.KS (Hanwha Ocean): reportedly company likely to win KRW7.8T project to build next-generation destroyers

      • +6.8% 047040.KS (Daewoo Engineering & Construction): completed construction of the third unit of a fertilizer plant in Nigeria, which is designed to produce ammonia and urea

      • +5.0% 2887.TT (Taishin Shin Kong Financial Holdings): reports May net income NT$6.03B vs year-ago NT$560M

      • +4.1% 068270.KS (Celltrion): reports interim study results presented demonstrating efficacy and tolerability of CT - P72 / ABP-102

      • +2.6% 7201.JP (Nissan Motor): aims to halve the development time for new models, emulating Chinese automakers' strategy of leveraging AI for speedy product launches

      • +0.0% 2882.TT (Cathay Financial Holdings): reports May net income NT$14.00B vs year-ago NT$5.24B

    • Notable Decliners:

      • -3.1% 2502.JP (Asahi Group Holdings): lowers FY25 guidance, guides net income attributable ¥120.00B vs prior guidance ¥167.50B

  • Data:

    • Economic:

      • Japan April

        • Industrial Production m/m (revised) +0.5% versus +0.8% in prior month

    • Markets:

      • Nikkei: 1,802.77 or +2.81% to 66020.04

      • Hang Seng: 468.81 or +1.93% to 24718.10

      • Shanghai Composite: 44.50 or +1.12% to 4031.51

      • Shenzhen Composite: 26.45 or +0.99% to 2697.17

      • ASX200: 170.80 or +1.98% to 8804.00

      • KOSPI: 359.67 or +4.63% to 8123.62

      • SENSEX: 685.53 or +0.93% to 74518.08

    • Currencies:

      • $-¥: +0.30 or +0.19% to 160.2460

      • $-KRW: +4.10 or +0.27% to 1520.3100

      • A$-$: (0.00) or (0.21%) to 0.7034

      • $-INR: +0.16 or +0.16% to 95.3094

      • $-CNY: (0.01) or (0.16%) to 6.7656

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

    • BNY.com Terms of Use Privacy Cookie Notice Manage Cookies Disclaimer CUSIP Disclaimer

    • ©  2025 The Bank of New York Corporation. Depositary Receipt business and services are conducted through The Bank of New York.