SINGAPORE, May 11, 2011 - (ACN Newswire) - Singapore Exchange will add eight more ADRs to its GlobalQuote board on 18 May. All the ADRs are fungible with those listed in the US and allow investors, for the first time, to manage their exposure to these companies round-the-clock.
Five of these ADRs are of major Japanese companies including the world's biggest automaker Toyota Motor Corporation. Two of the new ADRs are from major China companies which only have US listings. Their quotation on SGX will give investors their first-ever opportunity to manage exposures to these companies during the Asian time zone, when news flow relevant to the companies is likely to occur. The eighth ADR is from a major South Korean company, POSCO, one of the world's largest steel makers.
Mr Chew Sutat, Head of Securities at SGX said, "Our increasingly diverse ADR suite enables customers to manage risk and trade across several time-zones with ease and at competitive cost. Recent market events underline the importance of this flexibility and SGX looks forward to bringing more of such products to customers."
Following are the new ADRs:
ADR Name Country of ADR Ordinary
Orgin Listing Share Listing
Focus Media Holdings Ltd ADR China NASDAQ N.A
JA Solar Holdings Ltd ADR China NASDAQ N.A
POSCO ADR South Korea NYSE KRX
Mitsubishi UFJ Financial Grp ADR Japan NYSE TSE
Mizuho Financial Group ADR Japan NYSE TSE
NTT DoCoMo ADR Japan NYSE TSE
Toyota Motor Corporation ADR Japan NYSE TSE
Wacoal Holdings ADR Japan NASDAQ TSE
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.
In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.
Tel: +65 6236 8139
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Tel: +65 6236 8658
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May 11, 2011 13:00 HKT/SGT
Source: Singapore Exchange (SGX)
Topic: New Service
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network
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