“Chicago Nikkei Average Futures (CME)” (24th)

SEP24

O 38535 (in dollars)

H 39010

L 38425

C 38755 large margin +15 (evening ratio +45)

Vol 7751

SEP24

O 38495 (in yen)

H 38965

L 38375

C 38710 large margin -30 (evening ratio +0)

Vol 31123

“American Depositary Receipts Overview (ADR)” (24th)

In the ADR market, Komatsu Seisakusho ＜6301＞, Toyota Motor Corporation ＜7203＞, Mitsubishi Corporation ＜8058＞, Marubeni ＜8002＞, Mizuho Financial Group ＜8411＞, etc. rose in comparison with the Tokyo Stock Exchange (159.62 yen equivalent to 1 dollar), while Japan Post Bank ＜7182 ＞, Japan Post ＜6178 ＞, Tokyo Elec ＜8035＞, Advantest ＜6857＞, Renesas ＜6723＞, etc. fell, and the whole was mixed.

Code stock name closing price compared to previous day Japanese yen conversion price Japanese closing price ratio

7203 (TM.N) Toyota Motor 198.98 5.40 3176 26

8306 (MUFG.N) Mitsubishi UFJFG 9.94 0.25 1587 7.5

8035 (TOELY) Tokyo Elec 106.91 -1.67 34130 -860

6758 (SONY.N) Sony 81.12 0.59 12948 23

9432 (NTTYY) NTT 23.43 0.43 150 0.6

8058 (MTSUY) Mitsubishi Corporation 19.25 0.23 3073 25

6501 (HTHIY) Hitachi 210.62 0.81 16810 60

9983 (FRCOY) Fast Lite 25.28 0.11 40352 -108

9984 (SFTBY) SoftBank G 30.77 -0.10 9823 -148

4063 (SHECY) Shin-Etsu Chemical 18.85 -0.13 6018 -1

8001 (ITOCY) ITOCHU Corporation 91.63 -0.37 7313 33

8316 (SMFG.N) Sumitomo Mitsui FG 12.61 0.08 10064 34

8031 (MITSY) Mitsui & Co. 920.00 -7.50 7343 -52

6098 (RCRUY) Recruit HD 10.24 0.03 8173 38

4568 (DSNKY) Daiichi Sanko 34.26 0.34 5469 27

9433 (KDDIY) KDDI 13.20 0.16 4214 -6

7974 (NTDOY) Nintendo 13.27 -0.01 8473 -20

8766 (TKOMY) Tokio Marine HD 34.83 0.19 5560 40

7267 (HMC.N) Honda Motor 31.82 0.45 1693 5

2914 (JAPAY) Nippon Tobacco 13.89 0.08 4434 -4

6902 (DNZOY) DENSO 15.25 0.10 2434 1.5

4519 (CHGCY) Chugai Pharmaceutical 16.75 0.69 5347 -11

4661 (OLCLY) ORIENLAND 28.39 -0.19 4532 32

8411 (MFG.N) Mizuho FG 3.95 0.09 3152 25

6367 (DKILY) Daikin Industries 14.31 -0.16 22842 2

4502 (TAK.N) Takeda Pharmaceutical 12.88 0.28 4112 17

7741 (HOCPY) HOYA 117.26 0.83 18717 32

6503 (MIELY) Mitsubishi Electric 31.57 0.46 2520 10.5

6981 (MRAAY) Murata Manufacturing 10.47 0.12 3342 -3

7751 (CAJPY) Canon 27.32 0.16 4361 -7

6273 (SMCAY) SMC 23.67 -0.01 75564 -256

7182 (JPPTY) Japan Post Bank 8.35 0.00 1333 -133.5

6146 (DSCSY) disco 39.10 -0.70 62411 -789

3382 (SVNDY) 7 & i HD 12.14 0.02 1938 -2

8053 (SSUMY) Sumitomo Corporation 24.36 0.28 3888 26

6702 (FJTSY) Fujitsu 15.28 0.38 2439 1.5

6201 (TYIDY) TOYOTA INDUSTRIES 83.49 1.52 13327 17

5108 (BRDCY) Bridgestone 19.89 0.04 6350 -15

6178 (JPPY) Japan Post 9.00 0.00 1437 -103.5

8002 (MARUY) Marubeni 184.80 0.57 2950 23.5

6723 (RNECY) Renesas 9.25 -0.30 2953 -61

6954 (FANUY) FANUC 13.25 0.18 4230 -28

8725 (MSADY) MS&AD Insi HD 20.08 0.34 3205 15

8801 (MTSFY) Mitsui Fudosan 26.90 0.40 1431 2

6301 (KMTUY) Komatsu Seisakusho 28.66 0.02 4575 42

4901 (FUJIY) FUJIFILM 11.51 -0.01 3674 -4

6594 (NJDCY) Nidec 11.64 0.27 7432 -16

6857 (ATEYY) ADVANTEST 35.60 -0.40 5682 -118

4543 (TRUMY) Terumo 16.17 0.10 2581 -6

8591 (IX.N) ORIX 107.47 -1.07 3431 8

(Top 50 by market capitalization, converted to 159.62 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (24th)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

7259 (ASEKY) Aisin Seiki 39.18 6254 1064 20.50

9503 (KAEPY) Kansai Electric Power 8.70 2777 87.5 3.25

3659 (NEXOY) Nexon 18.75 2993 73 2.50

8630 (SMPNY) SompoHD 10.38 3314 71 2.19

5401 (NPSCY) Nippon Steel 7.13 3414 71 2.12

“Top 5 ADR Decline Rate Stocks” (24th)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

7182 (JPPTY) Japan Post Bank 8.35 1333 -133.5 -9.10

8750 (DLICY) Dai-ichi Life HD 23.40 3735 -351 -8.59

6178 (JPPY) Japan Post 9.00 1437 -103.5 -6.72

8830 (MITEY) Sumitomo Real Estate 14.00 4469 -183 -3.93

2801 (KIKOY) Kikkoman 22.80 1820 -57.5 -3.06

“US Stock Market Overview” (24th)

NYDOW

Closing price: 39411.21 compared to the previous day: 260.88

Opening Price: 39184.49 High Price: 39571.23 Low Price: 39184.49

Year-to-date high: 40003.59 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 17496.82 compared to the previous day: -192.54

Opening Price: 17640.26 High Price: 17730.12 Low Price: 17494.02

Year-to-date high: 17862.23 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5447.87 compared to the previous day: -16.75

Opening Price: 5459.58 High Price: 5490.66 Low Price: 5447.59

Year-to-date high: 5487.03 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.366% US 10-year government bonds 4.234%

The US stock market is mixed. The Dow average closed at 39,411.21, which was 260.88 dollars higher, and the Nasdaq index fell 192.54 points to 17,496.82.

While materials are scarce, there are mixed feelings. The Dow remained strong throughout the day, supported by purchases into economy-sensitive stocks and stocks with a sense of delay, such as banks and energy. Meanwhile, the NASDAQ, where sales of semiconductor brands such as NVIDIA were heavy following last week, fell. By sector, energy, telecommunications services, banks, etc. have risen. In addition to a sharp decline in semiconductors and the same manufacturing equipment, retail and software services declined.

Affirm Holdings (AFRM), which provides postpaid services, IBM (IBM), which provides computer solutions, and Royal Caribbean (RCL), which operates cruise ships, rose in response to analysts raising investment decisions and target stock prices. US pharmaceutical giant Eli Lilly (LLY) announced that it had applied for approval from the US Food and Drug Administration (FDA) with additional information on clinical trial results of the obesity treatment drug “zepbound (generic name tilzepatide),” and it went up. Meanwhile, ResMed (RMD) and Inspire Medical Systems (INSP), which manufacture medical devices for sleep apnea, etc., have declined drastically.

Energy brands such as the oilfield product/service company Baker Hughes (BKR) were bought in response to the rise in crude oil prices.

San Francisco Federal Bank President Daly warned that a further slowdown in the labor market would lead to an increase in the unemployment rate. He pointed out that inflation is not the only risk they face.

(Horiko Capital Management LLC)