Published On: Thu, May 12th, 2011

SGX Adds New ADRs of top Japan and Korea Companies

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:
Focus Media Holdings Ltd ADR – China
JA Solar Holdings Ltd ADR – China
POSCO ADR South – Korea
Mitsubishi UFJ Financial Group ADR – Japan
Mizuho Financial Group ADR – Japan
NTT DoCoMo ADR – Japan
Toyota Motor Corporation ADR – Japan
Wacoal Holdings ADR – Japan

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