Japanese ADR (American Depositary Receipts) shares fell in comparison with the Tokyo Stock Exchange (converted to 1 dollar 157.74 yen), Renesas ＜6723＞, SoftBank G ＜9984＞, Nissan's ＜7201＞, Toyota ＜7203＞, Honda ＜7267＞, Komatsu ＜6301＞, Isuzu ＜7202＞, etc. fell, and overall sales were dominant. The Chicago Nikkei 225 futures settlement value is 38,165 yen, 305 yen lower than the Osaka daytime ratio.

The US stock market fell. The Dow average closed at 37,815.92 dollars, down 570.17 dollars, and the NASDAQ fell 325.26 points at 15,657.82. Since the employment cost index for the fiscal year ending January to 3 grew higher than expected, it was sold due to a retreat in expectations of interest rate cuts, and then fell after getting close. Wage inflation is deep-seated, and the market price continued to fall due to concerns that high inflation would be longer than expected, and the rise in long-term interest rates was disgusted. Since the April Chicago Purchasing Department Association Business Climate Index and Consumer Confidence Index, which were announced later, fell far below expectations, concerns about stagflation were also rekindled, leading to further sales pressure. Towards the end of the game, sales that were wary of the hawkish Federal Open Market Committee (FOMC) also intensified, the decline widened, and ended.

The dollar and yen rose from 156 yen 86 yen to 157 yen 80 yen in the New York foreign exchange market on 4/30, and closed at 157 yen 76 yen. Growth in the US employment cost index expanded more than expected from the 10-12 fiscal year, and deep-seated wage inflation was shown, and since the US February housing price index also grew above expectations, long-term interest rates rose due to speculation that inflation would not slow down for the time being and interest rate cuts would be postponed, and dollar purchases became dominant. It seems that actual demand for dollar purchases also strengthened at the end of the month. The euro dollar fell from $1.0724 to $1.0671 and closed at $1.0672. Euro sales, which were observed to cut interest rates in June by the European Central Bank (ECB), became dominant.

NY crude oil futures continued to decline for the 6-month period (NYMEX crude oil closing price for the 6-month period: 81.93 ↓ 0.70).

■Stocks with the highest ADR growth rate (30 days)

＜6448＞ Brother 36.49 dollars 2878 yen (76 yen) +2.71%

＜4704＞ Trend $50.5 7966 yen (156 yen) +2%

＜9202＞ ANA 3.86 dollars 3048 yen (48 yen) +1.6%

＜6770＞ Alps 18.31 dollars 1444 yen (16 yen) +1.12%

＜1812＞ Kashima 19.44 dollars 3066 yen (33 yen) +1.09%

■Stocks with lower ADR depreciation rate (30 days)

＜6753＞ Sharp 1.27 dollars 801 yen (-30 yen) -3.61%

＜6952＞ Casio 81.9 dollars 1292 yen (-26 yen) -1.97%

＜6723＞ Renesas 8.19 dollars 2584 yen (-44.5 yen) -1.69%

＜9984＞ SoftBank G 24.67 dollars 7783 yen (-132 yen) -1.67%

＜6976＞ Solar Electric 93.22 dollars 3676 yen (-56 yen) -1.5%

■Other ADR stocks (30 days)

＜1812＞ Kashima 19.44 dollars 3066 yen (33 yen)

＜1925＞ Daiwa House 27.93 dollars 4406 yen (-34 yen)

＜1928＞ Sekisui House 22.91 dollars 3614 yen (-12 yen)

＜2503＞ giraffe 14.58 dollars 2300 yen (-0.5 yen)

＜2802＞ Ajinomoto 37.1 dollars 5852 yen (-23 yen)

＜3402＞ Toray $9.06 715 yen (-7.2 yen)

＜3407＞ Asahi Kasei 13.9 dollars 1096 yen (-4.5 yen)

＜4901＞ Fujifilm 10.62 dollars 3350 yen (-27 yen)

＜4911＞ Shiseido 26.73 dollars 4216 yen (1 yen)

＜5108＞ Bridgestone 22.04 dollars 6953 yen (-26 yen)

＜5201＞ AGC 7.44 dollars 5868 yen (35 yen)

＜5802＞ Sumitomo Electric 15.42 dollars 2432 yen (-9 yen)

＜6301＞ Komatsu 29.78 dollars 4697 yen (-58 yen)

＜6361＞ Ebara 41.38 dollars 13055 yen (-55 yen)

＜6503＞ Mitsubishi Electric 34.86 dollars 2749 yen (-24 yen)

＜6586＞ Makita 28.89 dollars 4557 yen (-46 yen)

＜6645＞ Omron 34.4 dollars 5426 yen (-34 yen)

＜6702＞ Fujitsu 15.3 dollars 2413 yen (-22.5 yen)

＜6723＞ Renesas 8.19 dollars 2584 yen (-44.5 yen)

＜6758＞ Sony G 82.57 dollars 13025 yen (-60 yen)

＜6762＞ TDK 44.51 dollars 7021 yen (-63 yen)

＜6902＞ Denso 16.97 dollars 2677 yen (-14.5 yen)

＜6954＞ FANUC 14.56 dollars 4593 yen (-34 yen)

＜6988＞ Nittoden 41.25 dollars 13014 yen (-56 yen)

＜7201＞ Nissan from 7.26 dollars 573 yen (-8.7 yen)

＜7202＞ Isuzu $12.54 1978 yen (-21.5 yen)

＜7203＞ Toyota 227.31 dollars 3586 yen (-52 yen)

＜7267＞ Honda $33.99 1,787 yen (-25 yen)

＜7270 ＞ SUBARU 11.12 dollars 3508 yen (-24 yen)

＜7741＞ HOYA 116.1 dollars 18314 yen (-156 yen)

＜7912＞ Dainichito 14.55 dollars 4590 yen (-16 yen)

＜7974＞ Nintendo 12.18 dollars 7685 yen (-35 yen)

＜8001＞ ITOCHU 89.71 dollars 7075 yen (-61 yen)

＜8002＞ Marubeni 178.6 dollars 2817 yen (-7 yen)

＜8031＞ Mitsui Mono 971.28 dollars 7660 yen (21 yen)

＜8053＞ Sumitomo Corporation 26.31 dollars 4150 yen (-5 yen)

＜8267＞ AEON 20.8 dollars 3281 yen (-21 yen)

＜8306＞ Mitsubishi UFJ 9.95 dollars 1570 yen (-9.5 yen)

＜8309＞ Mitsui Trust 4.24 dollars 3344 yen (26 yen)

＜8316＞ Sumitomo Mitsui 11.32 dollars 8928 yen (-52 yen)

＜8411＞ Mizuho FG 3.87 dollars 3052 yen (0 yen)

＜8591＞ ORIX $102.57 3236 yen (-5 yen)

＜8604＞ Nomura HD 5.71 dollars 901 yen (1 yen)

＜8766＞ Tokio Marine HD 31.56 dollars 4978 yen (-13 yen)

＜8802＞ Ryojisho 18.35 dollars 2895 yen (-13 yen)

＜9202＞ ANA 3.86 dollars 3048 yen (48 yen)

＜9432＞ NTT 26.9 dollars 170 yen (-0.8 yen)

＜9735＞ SECOM 17.32 dollars 10928 yen (-52 yen)

＜9983＞ Fast Retay $26.17 4,181 yen (-269 yen)

＜9984＞ SoftBank G 24.67 dollars 7783 yen (-132 yen)