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 +0.43%, Hang Seng +0.85%, Shanghai Composite (0.07%) as of 03:10 ET

Nov 12 ,2025

  • Synopsis:

    • Asia equities ended mostly higher Wednesday. Hang Seng added to recent gains while there were advances for Japan's main boards, South Korea and Taiwan. Singapore at a fresh record high, India also trading higher. Small loss for mainland China and Australia. Futures indicate a higher opening in the US, Europe opened with solid gains. US dollar marginally higher, yen weakened to nine-month low, won at 16-year low. Treasury yields higher at the short end, JGBs mixed. Precious metals easing higher, Crude oil futures lower. Base metals quiet. Cryptocurrencies slightly higher.

    • Asia equities continued the positive momentum again following an overnight recovery on Wall Street, and as US futures moved higher during daytime trading in Asia. AMD the latest AI-related name to forecast accelerating profits from datacenter revenue over the next few years with its stock up 5% in afterhours trading. Still, some valuation questions linger with several analysts interpreting Softbank's sale of its Nvidia stake, announced late Tuesday, as playing into 'stretched valuation' fears. Market continues to be supported by US government opening that will lead to focus on monthly employment data, which is expected now to show a drop in payrolls, pushing market implied odds of a Fed rate cut to around 60%.

    • In regional developments, the Reuters Tankan survey showed Japan manufacturer sentiment at its highest since Jan-22 aided by a weak yen and global semiconductor demand. RBA Deputy Governor Hauser said board assessing whether cash rate is still mildly restrictive, which may have implications for future policy stance. PBOC's Q3 monetary policy report out late Tuesday showed bank would be comfortable with slowing loan growth data, hinting it was looking at the long term and would thus not be rushed into another stimulus round. Bank of Korea's Governor Rhee said bank still on a dovish-leaning monetary policy course but will be data dependent; meanwhile the local unemployment rate ticked higher as construction and manufacturing sectors struggle. US trade deals with India and Vietnam appear to be closer than ever, but a peace deal between Thailand and Cambodia linked to their respective US trade deals was suspended by Bangkok.

    • Sony (6758.JP) has launched a discounted PS5 only for Japan customers as it looks to counter Nintendo (7974.JP). Foxtron Vehicle Technologies (2258.TT) is to buy Luxgen from Yulon Motor (2201.TT) completing the EV industry chain for Hon Hai (2317.TT). Negotiations between the Cheng family and potential investors into New World Development (17.HK) have stalled over how big a stake the family is prepared to hand over in return for a capital injection. Singapore-based Wilmar (F34.SP) is to buy a 13% stake in AWL Agri Business (543458.IN) from Adani Commodities for INR 46.5B ($529M). Mineral Resources (MIN.AU) said it will sell a 30% stake in its lithium business to POSCO (005490.KS) for $765M as it looks to repair its balance sheet and reduce debt. Adani Enterprises (512599.IN) launched a rights issue at a 24% discount to raise INR249.3B ($2.8B) to expand in projects such as Adani Airport Holdings.

  • Digest:

    • China Singles' Day activity offers some encouraging signs:

      • Bloomberg discussed China Singles' Day activity based on a JD.com (JD) WeChat post that orders surged nearly 60% though did not disclose values. Shopper traffic was up 40% compared with more than 20% growth last year. Alibaba (9988.HK) yet to release any data. Article recalled neither company disclosed GMV or total sales values last year. Some of JD's sales may have been supported by international demand as both sales and transactions rose more than 100% in countries including Japan, South Korea and Singapore -- tripling in overseas markets where it provides free delivery. Nikkei noted the sales campaign, which was originally a one-day event on 11-Nov, are being extended with the economy still sluggish, and this year's promotion has been running for about a month. JD.com began its campaign three days earlier than last year. Consequently, prolonged discounting has diminished impact on consumers who have grown accustomed to lower prices. Some indication that early sales for leisure goods performed well. Nikkei and Xinhua said consumer preferences shifting towards "emotional" experiences enhanced by AI (ChinaDaily). China has released the final tranche of this year's CNY300B ($42.3B) in ultra-long special treasury bonds to fund the consumer goods trade-in program. Cited analyst views that consumption policy support will likely strengthen further as the next Five-Year Plan calls for a notable increase in the proportion of household consumption to GDP.

    • PBOC downplays slowing loan market, hints it could pause for longer on easing cycle:

      • PBOC pledged to keep financial conditions 'relatively loose' late Tuesday in quarterly monetary policy report but also dismissed concerns over slowdown in lending markets, saying it was 'natural' overall financing growth rate would slow during economic transition (Bloomberg). Added it was to adopt 'cross-cyclical' policy adjustments, emphasizing longer-term horizon that looked beyond temporary economic growth volatility. Comment led several brokerages to retract calls for further monetary stimulus; Goldman Sachs pushed back next round of PBOC easing via policy rate and RRRs to Q4-26 from Q1-26 (Bloomberg). Second broker noted guidance suggested PBOC to tolerate further moderation in loan growth. Separate (Bloomberg) report Wednesday said disappointing loan figures could be even be inflated with banks issuing 'phantom loans' just to hit state-mandated targets. Said 'quick-lend-and-recover' loans are issued and recovered within weeks without capital ever reaching economy.

    • Bank of Korea governor says bank remains in easing cycle but will be data dependent:

      • BOK Governor Rhee said bank still in easing cycle despite some economists speculating it may have reached end after consumer growth, broader economic growth beat forecasts since last rate cut in May, while house prices reaccelerated again this autumn (Bloomberg). Rhee said rate direction, timing, size will shift depending on upcoming data. Added bank still needed to see how government's steps to cool housing market will play out, including several more still under consideration by Seoul. Rhee's hawkish-leaning comments failed to support won Wednesday, which fell to low last seen during GFC; said authorities ready to intervene in forex market to support currency. Separate data Wednesday showed country lost net 52K jobs last month as employment in construction, manufacturing sectors remain subdued; overall unemployment rate ticked higher to 2.6% from 2.5% expected and same in October (Yonhap). Bank to decide on rates 27-Nov.

    • SoftBank AI exposure overshadows strong earnings:

      • SoftBank (9984.JP) was the major focus among post-close earnings Tuesday, posting a 2.9-fold increase in net profit to JPY2.92T ($18.9B), well above QUICK consensus and marking a record result for an H1 (Nikkei). Yet, there was much more attention on disclosure that it sold its entire stake in Nvidia (NVDA) last month for $5.83B, and a partial divestment of T-Mobile (TMUS) between Jun and Sep worth $9.17B. CFO Yoshimitsu Goto indicated some proceeds will go towards OpenAI, from which current stake yielded returns of JPY2.15T (Nikkei). Compares to Vision Fund total gains of JPY3.54T which included contributions from Coupang (CPNG) and DiDi (DIDIY). SoftBank to invest another $22.5B in OpenAI in December that will take its stake to 11%. Also announced a 4-for-1 stock split to be implemented in January and year-end dividend to be JPY5.5/sh thereafter. Takeaways included concerns about whether SoftBank is overexposed to tech. Pre-earnings discussions reached a point where SoftBank was increasingly seen as Japan's primary AI bellwether and stock price as a bubble barometer (Nikkei). Also some thoughts the timing of SoftBank's sale of Nvidia stake might be another signal of an AI bubble, though SoftBank's trading track record has been patchy (Reuters). Goto clarified there was no specific reason for the sale timing and had nothing to do with Nvidia itself (FT).

    • Vietnam, India close in on US trade deals; Thailand expands US corn imports:

      • Vietnam deputy PM said trade deal with US to be signed soon as latest round of negotiations start in Washington (Reuters). Bui Thanh Son said deal being finalized, will settle around 20% base tariff but with exemptions for some home-grown Vietnam products, preferential access to domestic market for US products. Elsewhere, Tuesday, President Trump indicated 'very different' deal with India close (TimesofIndia). Optimism on deal said to be behind higher opening in India stock markets Wednesday as well as tick higher in rupee. Elsewhere, Thailand said it would scrap levies, expand corn import quota to make room for US imports as it moves to implement agreed concession in US trade negotiations. Quota to expand to 1M tons from 54.7K presently (Bloomberg). In separate development, Thailand suspended peace deal with Cambodia tied to US trade talks after several of its soldiers were hurt in a land-mine near shared border (Reuters).

    • Notable Gainers:

      • +10% 2201.TT (Yulon Motor): Foxtron Vehicle Technologies reportedly planning to acquire LUXGEN from Yulon Motor

      • +8.5% 3659.JP (NEXON Co.): reports Q3 revenue ¥118.72B vs FactSet ¥121.61, operating income ¥37.53B vs FactSet ¥37.16B

      • +8.4% 263750.KS (PearlAbyss): reports Q3 Operating profit KRW10.62B vs FactSet (KRW12.88B)

      • +6.8% 8830.JP (Sumitomo Realty & Development): reports H1 earnings; raises FY guidance

      • +6.0% 2503.JP (Kirin): reports 9M revenue ¥1.756T, +3% vs year-ago ¥1.700T, normalized operating income ¥170.54B, +5% vs year-ago ¥162.04B

      • +5.1% 005490.KS (POSCO): to acquire 30% interest in MinRes' operational lithium business for $765M

      • +1.2% 2587.JP (Suntory Beverage & Food): reports Q3 revenue ¥471.7B vs FactSet ¥469.90B

    • Notable Decliners:

      • -20.2% 3436.JP (SUMCO): reports Q3 revenue ¥99.1B vs guidance ¥100B; guides Q4 operating income (¥10B) vs FactSet (¥5.02B)

      • -18.4% 6525.JP (Kokusai Electric): reports Q2 results; cuts FY guidance

      • -9.5% 2525.HK (Hesai Group): reports Q3 revenue CNY795.4M vs FactSet CNY829.8M

      • -7.8% 004800.KS (HYOSUNG): designated as an investment warning stock by Korean Exchange

      • -3.5% 9984.JP (SoftBank Group): reports Q2 earnings; sold entire holding of 32.1M NVIDIA shares for $5.83B in October

  • Data:

    • Economic:

      • Japan November

        • Reuters Tankan manufacturers sentiment index +17 vs +8 in prior month

      • Australia Q3

        • Housing finance +6.4% q/q vs +1.9% in Q2

      • South Korea October

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

    • Markets:

      • Nikkei: 220.38 or +0.43% to 51063.31

      • Hang Seng: 226.32 or +0.85% to 26922.73

      • Shanghai Composite: (2.62) or (0.07%) to 4000.14

      • Shenzhen Composite: (9.74) or (0.39%) to 2507.84

      • ASX200: (19.30) or (0.22%) to 8799.50

      • KOSPI: 44.00 or +1.07% to 4150.39

      • SENSEX: 770.94 or +0.92% to 84642.26

    • Currencies:

      • $-¥: +0.53 or +0.34% to 154.6920

      • $-KRW: +4.65 or +0.32% to 1465.4700

      • A$-$: +0.00 or +0.06% to 0.6533

      • $-INR: +0.14 or +0.16% to 88.6039

      • $-CNY: +0.00 or +0.00% to 7.1174

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