Compared to the Tokyo Stock Exchange (calculated at 1 dollar to 157 yen), ADR (American Depository Receipt) of Japanese stocks fell, and there was an overall selling trend including Yucho Bank < 7182>, Japan Post <6178>, Toyota Textile Machinery <6201>, Mitsui Fudosan <8801>, Fanuc <6954>, Nidec <6594>, and Mitsubishi Corporation <8058>. The settlement value of Chicago Nikkei 225 futures was 38,580 yen, 140 yen lower than the Osaka daytime comparison.
The US stock market was mixed. The Dow Jones Industrial Average closed at 38,647.10, down 65.11, and the Nasdaq closed at 17,667.56, up 59.12 points. After opening, there was no consensus on interest rate cuts. Concerns over a slowdown in the economy also surfaced due to an increase in new applications for unemployment benefits. The Dow ended up falling sharply. The Nasdaq continued to perform strongly throughout the day, buoyed by semiconductor Broadcom's strong earnings, and broke its record high for the second consecutive day. The Dow narrowed its losses towards the end but could not reverse the downward trend, ultimately ending mixed.
In the New York foreign exchange market on the 13th, the dollar-yen fell to 156.59 yen but rose back up to 157.27 yen by the end of the day, closing at 157.04 yen. This was due to the unexpected deceleration of US May Producer Price Index (PPI) growth and an increase in new applications for unemployment benefits, which indicated a decline in the labor market and increased expectations of interest rate cuts for this year, leading to more selling of the dollar. Subsequently, there was a strong buy-in of the dollar relating to the euro, but long-term interest rates fell further due to good results from the 30-year bond auction, which helped suppress the upward trend of the dollar. The euro reached 1.0816 dollars before falling to 1.0733 dollars and closing at 1.0741 dollars. The euro was pushed down due to concerns over debt expansion after a French far-right political party expanded its lead in a public opinion poll.
NY crude oil futures for July increased slightly (NYMEX Crude Oil July Price: 78.62 ↑0.12).
Top ADR gainers on the 13th:
<7259> Aisin Seiki, 39.18 dollars, 6151 yen (615 yen), +11.11%
<9107> Kawasaki Kisen, 14.88 dollars, 2336 yen (103.5 yen), +4.64%
<6762> TDK, 56.94 dollars, 8940 yen (196 yen), +2.24%
<8309> Mitsui Sumitomo Insurance, 4.53 dollars, 3556 yen (45 yen), +1.28%
<8267> Aeon, 22.1 dollars, 3470 yen (33 yen), +0.96%
Top ADR decliners on the 13th:
<7182> Yucho Bank, 8.55 dollars, 1342 yen (-146.5 yen), -9.84%
<8750> Dai-ichi Life Holdings, 22.8 dollars, 3580 yen (-364 yen), -9.23%
<6178> Japan Post, 9 dollars, 1413 yen (-67 yen), -4.53%
<9735> Secom, 14.88 dollars, 9345 yen (-228 yen), -2.38%
<6201> Toyota Textile Machinery, 81.95 dollars, 12866 yen (-244 yen), -1.86%
Other ADR stocks on the 13th:
<2914> Japan Tobacco Inc., 14.21 dollars, 4462 yen (-34 yen)
<3382> Seven & i Holdings Co., Ltd., 12.81 dollars, 2011 yen (-15.5 yen)
<4063> Shin-Etsu Chemical Co., Ltd., 19.72 dollars, 6192 yen (-22 yen)
Takeda Pharmaceuticals Sp ADR, <4502>, is at $13.08 or ¥4107 (-¥31).
Chugai Pharmaceutical Co Ltd Unsponsored ADR, <4519>, is at $15.76 or ¥4949 (-¥46).
Terumo Corp Unsponsored ADR, <4543>, is at $16.59 or ¥2605 (-¥12.5).
Daiichi Sankyo Co Ltd ADR, <4568>, is at $35.51 or ¥5575 (-¥20).
Orient Land Co Ltd Unsponsored ADR, <4661>, is at $27.83 or ¥4369 (-¥31).
Fujifilm Holdings Corp ADR, <4901>, is at $11.6 or ¥3642 (-¥36).
Bridgestone Corp Unsponsored ADR, <5108>, is at $20.88 or ¥6556 (-¥43).
Recruit Holdings Co Ltd Unsponsored ADR, <6098>, is at $10 or ¥7850 (-¥44).
DISCO Corp ADR, <6146>, is at $40.6 or ¥63742 (-¥368).
Japan Post Holdings Co Ltd ADR, <6178>, is at $9 or ¥1413 (-¥67).
Toyota Industries Corp ADR, <6201>, is at $81.95 or ¥12866 (-¥244).
SMC Corp ADR, <6273>, is at $25.12 or ¥78877 (-¥463).
Komatsu Ltd ADR, <6301>, is at $28.44 or ¥4465 (-¥26).
Daikin Industries Ltd Unsponsored ADR, <6367>, is at $14.65 or ¥23001 (-¥154).
Hitachi Ltd Sponsored ADR, <6501>, is at $213.88 or ¥16789 (-¥126).
Mitsubishi Electric Corp. Unsponsored ADR, <6503>, is at $31.88 or ¥2503 (-¥6.5).
Nidec Corp ADR, <6594>, is at $11.26 or ¥7071 (-¥81).
Fujitsu Ltd ADR, <6702>, is at $15.59 or ¥2448 (+¥5).
Renesas Electronics Corp ADR, <6723>, is at $9.86 or ¥3096 (+¥4).
Sony Group Corp, <6758>, is at $84.1 or ¥13204 (-¥61).
<6857> Advantest $35.4 5,558 yen (+25 yen)
<6902> Denso $15.39 2,416 yen (-16 yen)
<6954> Fanuc Corp $13.94 4,377 yen (-51 yen)
<6981> Murata Manufacturing $10.1 3,171 yen (-30 yen)
<7182> Yucho Bank $8.55 1,342 yen (-146.5 yen)
<7203> Toyota Motor $199.35 3,130 yen (+2 yen)
<7267> Honda Motor $31.96 1,673 yen (-11.5 yen)
<7741> Hoya $119.05 18,691 yen (-74 yen)
<7751> Canon Inc-Spons ADR $27.94 4,387 yen (-36 yen)
<7974> Nintendo Co Ltd $13.22 8,302 yen (-61 yen)
<8001> Itochu $93.33 7,326 yen (-52 yen)
<8002> Marubeni $187.45 2,943 yen (-12 yen)
<8031> Mitsui & Co Ltd $944.74 7,416 yen (-4 yen)
<8035> Tokyo Electron $110.79 34,788 yen (-122 yen)
<8053> Sumitomo Corp $25.05 3,933 yen (-26 yen)
<8058> Mitsubishi Corp $19.8 3,109 yen (-32 yen)
<8306> Mitsubishi UFJ Financial Group $10.13 1,590 yen (-8.5 yen)
<8316> Sumitomo Mitsui Financial Group $12.63 9,915 yen (-85 yen)
<8411> Mizuho Financial Group $3.92 3,077 yen (+12 yen)
<8591> Orix $107.63 3,380 yen (+5 yen)
<8725> MS&AD Insurance Holdings Co., Ltd. $19.8, ¥3109 (-¥1)
<8766> Tokio Marine Holdings, Inc. $34.67, ¥5443 (-¥29)
<8801> Mitsui Fudosan Co., Ltd. $27.5, ¥1439 (-¥23)
<9432> NTT Inc. $23.35, ¥147 (-¥0.8)
<9433> KDDI Corporation $13.58, ¥4264 (-¥27)
<9983> Fast Retailing Co., Ltd. $25.77, ¥40459 (-¥291)
<9984> SoftBank Group Corp. $31.15, ¥9781 (+¥9)