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 Preview: Nikkei Futures +0.48%, Hang Seng Futures +0.34%, ASX SPI 200 +0.89%, S&P Futures (0.14%)

Dec 10 ,2025

  • Synopsis:

    • Asia equities poised to open broadly higher Thursday. Futures in Japan, Hong Kong, South Korea and Australia all advanced. Japan ADRs were almost all higher, Nasdaq Golden Dragon China index also climbed. US contracts sustaining broad-based overnight gains with Dow index up 1% and benchmarks closing a bit off best levels. Tech leads were positive with SOX index up 1.29% and US Big Tech mostly higher. Treasuries firmed with curve steepening. Dollar index was off 0.6%. Gold finished down 0.3%. Bitcoin futures were up 0.4%. WTI crude ended up 0.4%, near best levels following US seizure of Venezuelan tanker.

    • Fed cut rates by 25 bp as expected while details stimulated a lot of discussion. Vote saw three dissenters for the first time since 2019 (two for hold, one for 50 bp cut). Dot plot continued to signal one more cut in 2026, though was the net result of seven in favor of staying on hold vs eight looking for at least two moves. Markets still pricing in two moves. Forward guidance was discounted to some extent given a new Fed chair will be appointed next year. Powell said Fed sees policy rate now within the broad range of neutral estimates and well positioned to see how economy evolves. 2026 GDP median forecast revised up while inflation shaved slightly. Yet, confidence level somewhat lower given lack of data points due to the government shutdown. Takeaways framed the results as somewhat hawkish and market friendly.

    • Asia themes light. Yesterday's China inflation data had little impact on the persistent deflation narrative. Markets awaiting CEWC for more substantive economic guidance after recent policy rhetoric has been largely qualitative while continuing to express confidence in achieving 2025 goals. IMF's annual China review revised up 2025 GDP growth forecast to 5.0% while pointing out significant imbalances. Press narrative continues to play up China's YTD trade surplus topping $1T for the first time. Attention in Japan building up to an anticipated BOJ rate hike next week currently ~90% priced in. With markets looking more to the trajectory next year and BOJ officials mulling disclosure of more specific neutral rate guidance, bulk of forecasters see terminal rate in the 1.00-1.50% range.

  • Pre-open Company News:

    • 832.HK -- Central China Real Estate reports November contracted sales CNY486M, (49.5%) y/y

    • +JMG -- JM Group Limited IPO opens at $4.50/sh on NYSE-AMEX

    • 2454.TT -- MediaTek reports November revenue NT$46.90B, +3.7% y/y

    • 1672.HK -- NMPA accepts submission of Ascletis Pharma's NDA for ASC40 for moderate-to-severe acne vulgaris

    • KZIA -- Kazia Therapeutics presents new clinical findings for Paxalisib's across multiple advanced breast cancer populations including TNBC and HER2+

    • 002299.CH -- Fujian Sunner Development reports November revenue CNY1.81B, +15.8% y/y

    • 3813.HK -- Pou Sheng International (Holdings) reports November revenue CNY1.17B, (5.1%) y/y

    • 2412.TT -- Chunghwa Telecom reports November revenue NT$21.45B; StreetAccount notes the year-ago figure was NT$20.23B

    • 532540.IN -- Tata Consultancy Services to acquire Coastal Cloud for up to $700M (INR62.93B) in cash

    • 1238.HK -- Liquidation application against Powerlong Real Estate Holdings unit Powerlong Real Estate (BVI) has been dismissed

    • 2582.HK -- Guofu Hydrogen Energy Equipment to buy back up to HK$50.0M of shares

    • A17U.SP -- CapitaLand Ascendas REIT completes divestment of 95 Gilmore Road in Australia; deal announced 11-Nov

    • 2912.TT -- President Chain Store reports November revenue NT$29.36B, +3.5% y/y

  • On Deck:

    • China:

      • Economic:

        • 08:00 CST: Loan Growth Y/Y; consensus

        • 08:00 CST: New Yuan Loans; consensus

        • 08:00 CST: M2 NSA Y/Y; consensus

    • Japan:

      • Earnings:

        • Visional (4194.JP), Mitsui High-tec (6966.JP), Ain Holdings (9627.JP)

    • Australia:

      • Economic:

        • 11:30 AEST: Unemployment Rate; consensus 4.4%

        • 11:30 AEST: Employment SA; consensus

  • Market Data:

    • Gold (Feb 26): +$30.50 or +0.72% to $4255.20

    • WTI Crude (Jan 26): +$0.34 or +0.58% to $58.80

    • $-¥: (1.22) or (0.78%) to 155.6730

    • $-KRW: (0.58) or (0.04%) to 1469.0500

    • A$-$: +0.00 or +0.47% to 0.6673

    • $-INR: (0.04) or (0.04%) to 89.8688

    • $-CNY: 0.00 or 0.00% to 7.0636

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