Japanese ADR (American Depositary Securities) stocks fell in comparison with the Tokyo Stock Exchange (converted to 154.85 yen per dollar), Japan Post Bank ＜7182 ＞, Renesas ＜6723＞, Honda Motor ＜7267＞, Fujifilm ＜4901＞, Denso ＜6902＞, ITOCHU Corporation ＜8001＞, Advantest ＜6857＞, etc. fell and fell almost completely. The Chicago Nikkei 225 futures settlement value is 38,425 yen, which is 325 yen lower than the Osaka daytime ratio.

The US stock market rose. The Dow average closed at 38,711.29 dollars, which rose 140.26 dollars, and the Nasdaq closed at 16,857.05, which was 28.38 points higher. After getting close to the sense of uncertainty surrounding the economy and interest rates, it was mixed. After that, when the number of JOLT job offers announced fell short of expectations and expectations for interest rate cuts in September were rekindled, the market price began to rise. On the NASDAQ, profit-taking sales and buying due to falling interest rates intersected, but towards the end of the market, it rose as the semiconductor NVIDIA (NVDA) rose one level higher. The increase in the market widened and ended.

The dollar and yen fell from 155 yen 25 yen to 154 yen 55 yen in the New York foreign exchange market on the 4th, and closed at 154 yen 84 yen. Since the number of JOLT job offers declined more than expected in April, early interest rate cut observations intensified, and dollar sales due to falling interest rates became dominant. Also, yen purchases continued in response to speculation that the Bank of Japan's government bond purchases would be reduced. The euro dollar rose from $1.0860 to $1.0888 and closed at $1.0879. Euro sales, which received aggressive interest rate cut observations from the European Central Bank (ECB), have receded.

NY crude oil futures continued to decline (NYMEX crude oil July closing price: 73.25 ↓ 0.97).

■Stocks with the highest ADR growth rate (4 days)

＜7259＞ Aisin Seiki 39.18 dollars 6067 yen (356 yen) +6.23%

＜6098＞ Recruit HD $11 8517 yen (263 yen) +3.19%

＜8630＞ SompoHD 10.83 dollars 3354 yen (43 yen) +1.3%

＜5401＞ Nippon Steel 7.49 dollars 3479 yen (30 yen) +0.87%

＜4911＞ Shiseido $33.19 5139 yen (36 yen) +0.71%

■Stocks with lower ADR depreciation rate (4 days)

＜7182＞ Japan Post Bank 8.95 dollars 1386 yen (-175.5 yen) -11.24%

＜8750＞ Dai-ichi Life HD 24 dollars 3716 yen (-439 yen) -10.57%

＜2801＞ Kikkoman 22.9 dollars 1773 yen (-63 yen) -3.43%

＜6752＞ Panasonic 8.7 dollars 1346 yen (-47 yen) -3.37%

＜6723＞ Renesas 9.22 dollars 2855 yen (-66.5 yen) -2.28%

■Other ADR stocks (4 days)

＜2914＞ Nippon Tobacco Industry 14.65 dollars 4537 yen (-33 yen)

＜3382＞ Seven & I HD 13.08 dollars 2025 yen (-20.5 yen)

＜4063＞ Shin-Etsu Chemical 19.02 dollars 5890 yen (-57 yen)

＜4502＞ Takeda Pharmaceutical 13.4 dollars 4150 yen (-42 yen)

＜4519＞ Chugai Pharmaceutical 15.34 dollars 4751 yen (-36 yen)

＜4543＞ Terumo 16.74 dollars 2592 yen (-34.5 yen)

＜4568＞ Daiichi Sankyo 34.79 dollars 5387 yen (-46 yen)

＜4661＞ ORIENLAND 29.33 dollars 4542 yen (-11 yen)

＜4901＞ Fujifilm 11.46 dollars 3549 yen (-65 yen)

＜5108＞ Bridgestone 21.69 dollars 6717 yen (-75 yen)

＜6098＞ Recruit HD 11 dollars 8517 yen (263 yen)

＜6146＞ Disco 38 dollars 58843 yen (-187 yen)

＜6201＞ Toyota Industries $93.02 $14404 yen (-221 yen)

＜6273＞ SMC 25.65 dollars 79438 yen (-532 yen)

＜6301＞ Komatsu Seisakusho 29.41 dollars 4554 yen (-61 yen)

＜6367＞ Daikin Industries 14.9 dollars 23073 yen (-227 yen)

＜6501＞ Hitachi, Ltd. 211.91 dollars 16407 yen (-153 yen)

＜6503＞ Mitsubishi Electric 35.5 dollars 2749 yen (-19 yen)

＜6594＞ Nidec 12.19 dollars 7550 yen (-76 yen)

＜6702＞ Fujitsu 15.12 dollars 2341 yen (-26.5 yen)

＜6723＞ Renesas 9.22 dollars 2855 yen (-66.5 yen)

＜6758＞ Sony $86.03 13,322 yen (-18 yen)

＜6857＞ Advantest $33.9 5249 yen (-82 yen)

＜6902＞ Denso 16.2 dollars 2509 yen (-41 yen)

＜6954＞ FANUC 14.18 dollars 4392 yen (-63 yen)

＜6981＞ Murata Manufacturing 9.75 dollars 3020 yen (-40 yen)

＜7182＞ Japan Post Bank 8.95 dollars 1386 yen (-175.5 yen)

＜7203＞ Toyota Motor Corporation 210.38 dollars 3258 yen (-40 yen)

＜7267＞ Honda Motor 32.71 dollars 1688 yen (-38 yen)

＜7741＞ HOYA 122.59 dollars 18983 yen (-157 yen)

＜7751＞ Canon 29.84 dollars 4621 yen (-43 yen)

＜7974＞ Nintendo 14.19 dollars 8789 yen (-61 yen)

＜8001＞ ITOCHU Corporation 94.9 dollars 7348 yen (-118 yen)

＜8002＞ Marubeni 194.41 dollars 3010 yen (-23 yen)

＜8031＞ Mitsui & Co., 1001.8 dollars 7756 yen (-77 yen)

＜8035＞ Tokyo Electric $110.4 34191 yen (-269 yen)

＜8053＞ Sumitomo Corporation 26 dollars 4026 yen (-43 yen)

＜8058＞ Mitsubishi Corporation 21.06 dollars 3261 yen (-44 yen)

＜8306＞ Mitsubishi UFJFG 10.77 dollars 1668 yen (-15.5 yen)

＜8316＞ Sumitomo Mitsui Financial Group 13.28 dollars 10282 yen (-58 yen)

＜8411＞ Mizuho Financial Services 4.13 dollars 3198 yen (-11 yen)

＜8591＞ ORIX $110.32 3417 yen (-34 yen)

＜8725＞ MS&AD Inci HD 21.19 dollars 3281 yen (-27 yen)

＜8766＞ Tokio Marine HD 35.4 dollars 5482 yen (-52 yen)

＜8801＞ Mitsui Fudosan $28.6 1476 yen (-16 yen)

＜8802＞ Mitsubishi Estate 16.83 dollars 2606 yen (-34 yen)

＜9432＞ NTT 24.69 dollars 153 yen (-1.2 yen)

＜9433＞ KDDI 14 dollars 4,336 yen (-38 yen)

＜9983＞ Fast Lite 26 dollars 40261 yen (-249 yen)

＜9984＞ SoftBank G 28.8 dollars 8919 yen (-84 yen)