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 +1.76%, Hang Seng +1.84%, Shanghai Composite +1.22% as of 04:10 ET

Oct 15 ,2025

  • Synopsis:

    • Asia equities posted solid gains Wednesday with regional currencies also noticeably stronger on a weakening US dollar. Strong gains for Japan, South Korea, Taiwan and Hong Kong as technology shares bounced back. Mainland China, Singapore, Australia all posted modest gains, India snapping a recent losing streak in a broad-based rally. Southeast Asia also higher. US futures higher, European equities much stronger at the open. US dollar retreating further from overnight losses, AUD and yen rallying, yuan supported by PBOC daily fixing below 7.10 per dollar, and rupee notably stronger after likely significant intervention from RBI. Treasuries mixed, JGB yields lower at the long end. Crude futures retreating further on fears of a glut. Gold and silver at fresh record highs. Base metals higher.

    • Asia equities saw some strong rallies Wednesday led by technology-orientated benchmarks in South Korea, Hong Kong and Taiwan. The Hang Seng Tech index rallied 2.5% while mainland China markets were supported by stimulus hopes after Premier Li Qiang reiterated calls for measures to boost consumption after inflation data showed further price declines. Softbank's bounce back led Japan equities higher, while the Kospi was supported by news Seoul is to introduce measures to cap house prices that could pave the way for a BOK rate cut. More broadly, the region's equity markets supported by a strong rally in local currencies after dovish comments from Fed Chair Powell sent Treasury yields lower and the US dollar along with them. Fed Fund Futures now show a 96% chance of a 25 bps cut by the Fed in two weeks with 4% on 50 bps.

    • In regional developments, China's September CPI showed deflation was continuing with strong price decreases in food costs but the overall picture was at least better than economists had expected; producer deflation also persisted unabated. Japan's diet is to meet on 21-Oct to select a new PM with the political uncertainty continuing to weigh on asset prices, particularly long-dated JGBs. Meanwhile final industrial output data for August showed the shrinkage was less than previously feared. BofA Asia fund manager survey showed optimism continued to build across the region with China weightings positive again.

    • Rakuten (4755.JP) is considering listing its credit card business in the US, according to a Reuters report. Sapporo Holdings (2501.JP) is considering selling Yebisu Garden Place and other properties to private equity group KKR-PAG. Guangzhou Auto (2238.HK) is to partner with JD.com (9618.HK) and CATL (3750.HK) to launch a new model next month. Renesas Electronics Corp (6723.JP) is considering the sale of its timing business with Texas Instruments and Infineon possible suitors. Hyundai Motor India (544274.IN) is to invest $5B to include 26 product launches by FY30 including entries into the MPV and off-road SUV segments.

  • Digest:

    • More US-China trade headline volatility:

      • Latest attention on US President Trump's Truth Social post that he is considering a halt to trade with China related to cooking oil products, arguing that Beijing is intentionally refusing to buy US soybeans. Latest rhetoric adds to recent volatility after Trump threatened to double China tariffs in response to expanded rare earth restrictions and later offered reassurance not to worry about China and that "it will all be fine." USTR Greer told CNBC a new 100% tariff could still be implemented depending on Beijing's next move. Yet, the other focus is that US officials indicated Trump is still set to meet Xi at the South Korea APEC summit. Greer reaffirmed this while suggesting plans are subject to change depending on how the situation develops. Treasury Secretary Bessent also mentioned this in a Fox Business appearance Monday, though majority of rhetoric has been hawkish against China, including in a subsequent FT interview where he argued China was trying to pull down the global economy. Article also featured accounts of heated exchanges between Bessent and China trade negotiator Li Chenggang in August. Most of the attention remains on China's rare earth restrictions, where preparations for such a measure suspected to have been planned well in advance, though frictions were exacerbated further by China's move yesterday to sanction five US-linked subsidiaries of Hanwha Ocean (042660.KS).

    • China CPI, PPI remain negative in September as deflationary pressure persists:

      • Headline CPI fell 0.3% y/y in September, below expectations of 0.2% decline and narrowed from 0.4% decline in August. NBS attributed to headline weakness mainly to unfavorable base effect. Food prices remained the key drag, dropping 4.4% in broad range including falls in pork, fresh vegetables, eggs and fruits. Mutton prices rose slightly, ending declines in 44 months. Fuel was the other notable decliner. Core inflation edged up to 1.0% to 19-month high from 0.9%. Industrial consumer goods widened gains for fifth consecutive month. Gold and platinum jewelry prices surged. Hotel and airfare declined due to end of school holiday. PPI declines narrowed to 2.3%, a seven-month low and matching consensus, from 2.9% drop in prior month. Still factory-gate prices dropped for 36th straight month. Apart from low base effect, NBS said moderating weakness reflects continued efforts to develop unified national market, curb disorderly market competition (highlighting coal processing, ferrous metal smelting etc.). Also highlighted industrial upgrades and consumption-related boost in discretionary goods & services. Meanwhile Bloomberg noted China's GDP deflator has been in decline for over two years, longest since data began in 1992.

    • South Korea government moves to cap Seoul house prices, hints at tax rises:

      • South Korea's government to introduce measures aimed at capping house price rises which are stalling efforts by Bank of Korea to ease monetary policy. Government to tighten loan limits in Greater Seoul by designating all 25 city districts, additional 12 towns in surrounding Gyeonggi province as 'speculative' zones. Will accelerate rollout of higher risk weights on banks' home loans, cut loan-to-value ratios on property mortgages (Yonhap). Ministry of land said recent house price rises supported by rate-cut expectations, persistent supply-demand imbalances. BoK paused on easing policy further in two most recent meetings following four cuts since Oct-24, cited rising household debt, property prices for hold decision at last meeting. Bloomberg quoted Korea Real Estate Board data showing house prices rose for 35th consecutive week in final week of September leading more economists to forecast no change by BoK at next week's meeting. Finance ministry added moves to cap house prices may also include tax revisions in near future.

    • BofA Asia FMS sentiment continues to improve:

      • BofA Asia FMS showed further improvement in investor sentiment, most notably in breadth. Asia growth expectations extended gains alongside the global outlook while inflation forecasts remained low. China growth outlook emerged into moderate net positive territory for the first time since early this year, though amid some rebound in hopes for policy responses to deflation and slower growth momentum. Strong majority anticipate positive returns throughout the region in the next 12 months with ex-Japan projections running at the highest since Feb-23. Tone on China positioning skewed bullish with those looking at cutbacks largely diminished. Substantial reduction in perceptions about Chinese households' savings accumulation, opening up potential for deployment into risk assets and/or discretionary spending. Japan stance remains bullish, though political uncertainty emerging as a theme, taking some attention away from corporate governance reforms. Modal calls for the next BOJ rate hike evenly split between December and 1Q26. Little change in country/sector allocations overall with main strategies well-established. Japan remains the standout favorite in the region, followed by South Korea, while China rebounded to third place with a net positive weighting (previously negative and third-last), and India fourth (neutral). Semis/tech the top theme regionwide as well as Japan banks, India consumption and infrastructure. Semis cycle 12-month outlook (measured by Korea/Taiwan exports) most optimistic since Jul-24.

    • Japan extraordinary parliament session starts next week:

      • Barrage of political developments continued as parties probe for potential alliances in the wake of the ruling coalition split. Nikkei top story reported plans to convene the extraordinary Diet session on 21-Oct (confirmed). This means a parliamentary vote to appoint a prime minister may be held on the same day if proceedings follow usual custom. Secretary-generals from LDP and DPP met yesterday to discuss a potential new coalition, but DPP said it was "unrealistic" given differences in tax policies, while DPP leader Tamaki not considering the idea. LDP president Takaichi set to hold bilateral meetings with party chiefs from CDP and DPP today. Separately, leaders from CDP, DPP and JIP will also meet. LDP's 196 lower house seats under threat of being outnumbered by 210 combined seats among the three major opposition parties. Unresolved differences between CDP and DPP suggest a tri-party coalition looks unlikely. However, Komeito explicitly acknowledged the possibility they might vote for an opposition candidate, in a turnaround from prior indications. Meanwhile, LDP still struggling for internal solidarit under Takaichi and Nikkei reported an unusual proposal floated to keep Ishiba as prime minister even while Takaichi is the party president. In another layer of complexity, Nikkei also discussed potential significant overlap in single-seat electorates when considering various alliance scenarios, ranging from some 10% for LDP-DPP to almost 50% in the case of LDP-CDP.

    • Notable Gainers:

      • +14.2% 4385.JP (Mercari): to discontinue provision of on-demand work service Mercari Hallo as of 18-Dec

      • +9.8% 2238.HK (Guangzhou Automobile Group): partners with JD and Contemporary Amperex Technology for a new model launch

      • +9.4% 8267.JP (AEON Co.): reports H1 net income attributable ¥4.05B, +9% vs year-ago ¥3.71B

      • +7.7% 3323.HK (China National Building Material): guides 9M net income attributable CNY2.95B vs year-ago (CNY684M)

      • +5.7% 6501.JP (Hitachi): plans to hire an additional 15K people worldwide for its power transmission and distribution equipment busiones by 2027

      • +4.8% 6723.JP (Renesas Electronics): report of exploring sale of its timing business

      • +1.8% 2501.JP (Sapporo Holdings): report of granting preferential negotiation rights to KKR-PAG group for proposed sale of real estate business

      • +0.2% 2317.TT (Hon Hai Precision Industry): to bid for stake in unit of Germany's ZF Group stalls

    • Notable Decliners:

      • -2.0% 3086.JP (J. FRONT RETAILING): reports Q2 net income attributable ¥7.8B, (55.7%) y/y

  • Data:

    • Economic:

      • China September

        • CPI (0.3%) y/y vs consensus (0.2%) and (0.4%) in prior month

          • PPI (2.3%) y/y vs consensus (2.3%) and (2.9%) in prior month

      • Japan August

        • Industrial production m/m (revised) (1.5%) versus (1.2%) in prior month

          • Retail sales y/y (8%) versus (8.1%) in prior month

    • Markets:

      • Nikkei: 825.35 or +1.76% to 47672.67

      • Hang Seng: 469.25 or +1.84% to 25910.60

      • Shanghai Composite: 46.98 or +1.22% to 3912.21

      • Shenzhen Composite: 38.17 or +1.56% to 2478.00

      • ASX200: 91.50 or +1.03% to 8990.90

      • KOSPI: 95.47 or +2.68% to 3657.28

      • SENSEX: 625.55 or +0.76% to 82655.53

    • Currencies:

      • $-¥: (0.59) or (0.39%) to 151.2470

      • $-KRW: (8.35) or (0.58%) to 1420.4200

      • A$-$: +0.00 or +0.48% to 0.6518

      • $-INR: (0.47) or (0.53%) to 88.3065

      • $-CNY: (0.02) or (0.22%) to 7.1235

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