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 +0.87%, Hang Seng +1.01%, Shanghai Composite +0.13% as of 04:10 ET

Sep 10 ,2025

  • Synopsis:

    • Asian equities advanced Wednesday. Tech/semis drove outperformance in Korean, Taiwan, Hong Kong and Japan benchmarks. Mainland China also rose with milder gains. Singapore STI hit all-time high. Indonesian stocks clawed back some losses from Tuesday after new finance minister reaffirmed pledge on fiscal restraint. India is trading higher. US futures higher after all three major indexes closed at record highs. Treasuries little changed. Dollar weakest against Aussie and kiwi, flat against yen. Crude oil extending gains with Israel's strike in Qatar raising Middle East tensions. Gold edging up. Bitcoin higher.

    • Asian stocks tracked Wall Street gains as investors firmed up bets on a more aggressive Fed rate cut next week following weakening labor market. AI expansion also continues to underpin sentiment towards tech firms with Asian semis taking cues from another rally in US peers overnight. Kospi closed at record high with upside tabbed to longstanding drivers from tech momentum (SK Hynix up 10% week-to-date), corporate reform push and hopes for a government backdown on lowering capital gains tax threshold. Nikkei 225 also at record close as LDP leadership race viewed as key catalyst behind renewed foreign inflows while promoting expectations of looser fiscal policy. Hang Seng Index rose to four-year high with strong gains in major tech companies. Meanwhile selloff in longer-dated CGBs intensified with 30Y yield hitting 10-month high amid increasing rotation trade to stocks.

    • China consumer prices fell back into contraction though mostly a reflection of volatile food prices with core inflation reaching highest since Feb-2023. Factory-gate deflation narrowed in-line with expectations amid ongoing government efforts to curb industrial overcapacity in so-called "anti-involution" push. Reuters Tankan showed Japan manufacturer sentiment rose to highest since Aug-2022 following US-Japan trade deal. South Korea unemployment rate ticked up in-line with forecasts. On trade front, President Trump urged EU to impose tariffs of up to 100% on India and China as part of joint effort to pile pressure on Moscow to end war in Ukraine. Meanwhile Trump and Indian PM Modi pledged to talk and resume trade negotiations.

    • China tech companies intensify competition in local services businesses. Alibaba's (9988.HK) mapping app Amap is launching new function called "Street Stars", using AI algorithms allow users to rank restaurants, hotels and tourist destinations, meanwhile committing another CNY1B of incentives to drive more user traffic. Move seen to take direct aim at Meituan (3690.HK), which said it will upgrade own ratings system using in-house AI. BYD (1211.HK) senior management to visit India soon in renewed push into the country following warming diplomatic relations between Beijing and New Delhi.

  • Digest:

    • China headline CPI weighed by base effects, PPI deflation moderates:

      • Headline CPI fell 0.4% y/y in August, a five-month low, below expectations of a 0.2% decline and unchanged reading in the previous month. However, core inflation edged up to 0.9% from 0.8%. Food prices remained the key drag concentrated in broad range of fresh food categories. Fuel was the other notable decliner. Overall goods prices fell 1.0%, outweighing a 0.6% increase in services. NBS attributed headline weakness mainly to unfavorable base effects and softer than usual seasonal pickup in food prices. Core inflation underpinned by policy support for consumer demand with evidence including pickup in household appliances, entertainment durable goods, services as well as sharp double-digit increases in gold and platinum jewelry. In contrast, PPI declines narrowed to 2.9% (smallest in four months), matching consensus following 3.6% in the prior month. Entirely driven by easing upstream pressures as downstream prices logged the biggest decline in at least a year. NBS indicated moderating weakness reflects efforts to develop a unified national market, curbed disorderly price competition and orderly (over)capacity management (latter two elements being notable news developments lately). New markets/tech and some discretionary goods & services also mentioned as relative bright spots.

    • Trump urging EU to impose 100% tariffs on China, India to pressure Russia:

      • FT sources said US President Trump asked EU to impose tariffs of up to 100% on India and China as part of joint efforts to pressure Russia into ending its war in Ukraine. Report was corroborated by Bloomberg and Reuters. US officials indicated such a step would need to be coordinated and Washington was prepared to mirror any hikes on China and India imposed by EU. Strategy aimed at deterring purchases of Russian oil with an assumption that alternative export markets are limited. Trump's proposal follows strengthened ties between China President Xi, Russia's Putin and India Prime Minister Modi at a summit last week. Tariff strategy ties in with US 50% levy on India due to Russian oil purchases that has raised bilateral tensions. Trump posted on Truth Social that trade negotiations would proceed and suggested they would have a "successful conclusion." Story noted EU officials were discussing potential secondary sanctions against countries such as China and India over Russian oil and gas purchases, though many are nervous given existing trade relations and some countries are still buying Russian energy products.

    • Korean benchmark hits record high:

      • Kospi touched record high Wednesday as AI expansion continues to underpin sentiment towards tech firms with SK Hynix (~000660.KS)~up 12% month-to-date and nearing record high. While export growth has slowed amid US tariffs (US-bound shipments in August saw largest decline since May-2020), semiconductor exports have remained strong. Announcement of US-South Korea trade agreement has eased trade uncertainty that was clouding economic outlook. Opposition to President Lee's tax code changes to broaden tax base and reduce threshold for imposition of capital gains tax encouraged thoughts of a backdown. Looser monetary policy another tailwind with BOK maintaining easing bias in August despite leaving rates on hold amid financial stability concerns from surging house prices. August inflation fell to lowest in four years, which was seen opening door to October rate cut. Corporate picture mixed with Morgan Stanley highlighting positive earnings revisions trends in secular growth industries. Balanced by downward earnings revisions trends in cyclical industries with tariff-related impacts on exporter earnings still to play out. Corporate reform push an ongoing catalyst though growth in ROE and capital return seen contingent on further actions.

    • Alibaba enhances local services business, intensifying competition for consumers:

      • Alibaba (9988) shares in Hong Kong hit strongest level since Nov-2021, following its ADRs (BABA) 4.2% gain overnight. The Hangzhou-based conglomerate, celebrating its 26th anniversary Wednesday, announced it is enhancing its mapping app Amap, launching new function called "Street Stars" with features like AI-powered rankings for local businesses from restaurants to hotels and tourist attractions (Bloomberg, Reuters). Action seen to encroach into Meituan's (3690.HK) core business in local lifestyle territory and spark rapid response from the company, saying it will upgrade own ratings system using in-house AI and launch an agentic tool for app users within a week. Meanwhile Alibaba also committing another CNY1B ($140M) in subsidies and coupons to drive more users to the revamped Amap, which covers more than 300 cities and 1.6M listings of local businesses. Move is part of ongoing three-way battle for Chinese consumers that also includes JD.com (9618.HK), which has drawn warnings from regulators. Recall authorities on Tuesday said it met with major food delivery platforms and urged them to eliminate unfair competition, avoid malicious subsidies (Xinhua). Still some noted offering restaurant coupons and hotel discounts is far more profitable than thin-margin food delivery businesses.

    • Japan Reuters Tankan manufacturing sentiment reaches three-year high after tariff deal:

      • Reuters Tankan manufacturers sentiment index climbed to +13 in September from +9 in August, marking the highest since Aug-22, on the back of easing trade uncertainties after the US-Japan tariff deal was reached in July. Three-month outlook index points to a lower reading of +11, though higher than +4 last month. Six of nine subsectors registered improvements, including the auto and transport machinery industry, which logged a sharp increase to 33, highest since Dec-23, from 25. Some other industry managers expressed mixed views, saying customer demand and investment were lukewarm except for relatively bright spots such as semiconductor businesses. Lackluster domestic demand constrained by inflation pains cited as an underlying factor for subdued outlook readings. Service sector index recovered to +27 in September from a nine-month low 24 in August with outlook seen unchanged at +27. In comparison with other monthly sentiment indicators, Economy Watcher Survey current conditions corporate sector component improved for four straight months from April to August. However, anecdotal responses indicated favorable weather conditions seemed to be the main tailwind, while tariff effects were still mentioned as an overhang. Meanwhile, manufacturing PMI has remained in contraction in 13 of the past 14 months with export orders from all major regions notably soft.

    • Notable Gainers:

      • +10% 601138.CH (Foxconn Industrial Internet): trading higher following Apple iPhone event

      • +5.8% 4716.JP (Oracle Corp Japan): AI data center sector trading higher across Asia following Q1 print from US Oracle as company posts robust order backlog and strong outlook

      • +5.3% 9503.JP (The Kansai Electric Power): Elliott Management reportedly builds 4-5% stake in Kansai Electric Power

      • +2.7% 035900.KS (JYP Entertainment): South Korean President Lee reportedly appoints Park Jin-young as Chairman of the Popular Culture Exchange Committee

      • +1.2% 3036.TT (WT Microelectronics): reports August consolidated revenue NT$100.09B, +22.8% y/y

    • Notable Decliners:

      • -18.4% LTR.AU (Liontown Resources): CATL's Yichun lithium mine reportedly expected to resume production "shortly"

      • -13.3% 6966.JP (Mitsui High-tec): reports Q2 earnings; lowers FY guidance

      • -10% 600021.CH (Shanghai Electric Power): officially terminates proposed acquisition of up to 66.4% stake in K-Electric first announced in 2016

      • -7% 1772.HK (Ganfeng Lithium Group): CATL's Yichun lithium mine reportedly expected to resume production "shortly"

      • -5.2% 011070.KS (LG Innotek Co.): shares trading lower reportedly following disappointing updates for the company at Apple's iPhone 17 event

      • -0.4% 6503.JP (Mitsubishi Electric): to buy 93% stake in Nozomi Networks for $883M (¥129.83B)

  • Data:

    • Economic:

      • China

        • August CPI (0.4%) y/y vs consensus (0.2%) and 0.0% in prior month

          • PPI (2.9%) y/y vs consensus (2.9%) and (3.6%) in prior month

      • Japan

        • September Reuters Tankan manufacturers sentiment index +13 vs +9 in prior month

      • South Korea

        • August unemployment rate 2.6% vs FactSet consensus 2.6% and 2.5% in prior month

    • Markets:

      • Nikkei: 378.38 or +0.87% to 43837.67

      • Hang Seng: 262.13 or +1.01% to 26200.26

      • Shanghai Composite: 4.93 or +0.13% to 3812.22

      • Shenzhen Composite: 6.98 or +0.29% to 2407.52

      • ASX200: 26.90 or +0.31% to 8830.40

      • KOSPI: 54.48 or +1.67% to 3314.53

      • SENSEX: 281.89 or +0.35% to 81383.21

    • Currencies:

      • $-¥: +0.06 or +0.04% to 147.4720

      • $-KRW: (1.81) or (0.13%) to 1387.4500

      • A$-$: +0.00 or +0.27% to 0.6603

      • $-INR: (0.10) or (0.12%) to 88.1250

      • $-CNY: (0.00) or (0.02%) to 7.1204

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