“Chicago Nikkei Average Futures (CME)” (26th)

SEP24

O 39345 (in dollars)

H 39835

L 39260

C 39470 large exchange ratio -150 (evening ratio +50)

Vol 8073

SEP24

O 39330 (in yen)

H 39780

L 39210

C 39415 large exchange ratio -205 (evening ratio -5)

Vol 28903

“American Depositary Receipts Overview (ADR)” (26th)

In the ADR market, Japan Post Bank ＜7182 ＞, Japan Post Bank ＜6178 ＞, Tokyo Elec ＜8035＞, DISCO ＜6146＞, Shin-Etsu Chemical (4063), Murata Seisakusho (6981), Recruit HD (6098), etc. fell in comparison with the Tokyo Stock Exchange (160.74 yen equivalent to 1 dollar), etc., and general sales dominance.

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

7203 (TM.N) Toyota 203.18 -3.04 3266 -10

8306 (MUFG.N) MITSUBISHI UFJFG 10.31 0.06 1657 5

8035 (TOELY) Tokyo Elec 108.82 -0.59 34983 -667

6758 (SONY.N) Sony 82.86 0.78 13319 9

9432 (NTTYY) NTT 23.44 -0.14 151 -0.3

8058 (MTSUY) Mitsubishi Corporation 19.50 -0.25 3134 -1

6501 (HTHIY) Hitachi 219.06 -1.94 17605 -15

9983 (FRCOY) Fast Lite 25.47 -0.20 40940 -360

9984 (SFTBY) SoftBank G 31.38 -0.27 10088 -7

4063 (SHECY) Shin-Etsu Chemical 19.11 -0.12 6143 -74

8001 (ITOCY) ITOCHU Corporation 95.84 0.63 7703 -30

8316 (SMFG.N) Sumitomo Mitsui FG 12.98 0.01 10432 22

8031 (MITSY) Mitsui & Co. 922.21 -14.10 7412 -26

6098 (RCRUY) Recruit HD 10.50 0.07 8439 -91

4568 (DSNKY) Daiichi Sanko 35.00 0.02 5626 -26

9433 (KDDIY) KDDI 13.05 -0.24 4195 -31

7974 (NTDOY) Nintendo 13.38 -0.12 8603 -81

8766 (TKOMY) Tokio Marine HD 36.10 -0.17 5803 -12

7267 (HMC.N) Honda Motor 32.04 -0.37 1717 -1

2914 (JAPAY) Japan Tobacco 13.89 -0.11 4465 -37

6902 (DNZOY) Denso 15.47 -0.09 2487 -10.5

4519 (CHGCY) Chugai Pharmaceutical 17.93 0.35 5764 -48

4661 (OLCLY) ORIENLAND 28.12 -0.20 4520 -4

8411 (MFG.N) Mizuho FG 4.07 -0.02 3271 -9

6367 (DKILY) Daikin Industries 14.21 -0.22 22841 -134

4502 (TAK.N) Takeda Pharmaceutical 12.92 -0.06 4154 -14

7741 (HOCPY) HOYA 118.30 -0.09 19016 -69

6503 (MIELY) Mitsubishi Electric 31.29 -0.60 2515 -9.5

6981 (MRAAY) Murata Manufacturing 10.15 -0.15 3263 -37

7751 (CAJPY) Canon 27.60 -0.07 4436 -26

6273 (SMCAY) SMC 23.77 -0.17 76416 -454

7182 (JPPTY) JP BANK 8.55 0.10 1374 -131

6146 (DSCSY) disco 38.20 -0.10 61403 -1097

3382 (SVNDY) Seven & i HD 12.29 0.06 1975 -7.5

8053 (SSUMY) Sumitomo Corporation 24.87 -0.13 3998 19

6702 (FJTSY) Fujitsu 15.20 -0.07 2443 -13

6201 (TYIDY) TOYOTA INDUSTRIES 85.23 -0.14 13700 65

5108 (BRDCY) Bridgestone 19.90 -0.40 6397 -40

6178 (JPPY) Japan Post 9.00 0.00 1447 -127.5

8002 (MARUY) Marubeni 184.25 -1.42 2962 -3

6723 (RNEcy) Renesas 9.31 -0.17 2993 -32

6954 (FANUY) FANUC 13.48 0.00 4334 -34

8725 (MSADY) MS&AD InsiHD 20.98 -0.05 3372 -26

8801 (MTSFY) Mitsui Fudosan 27.40 0.00 1468 -2

6301 (KMTUY) Komatsu Seisakusho 28.56 -0.53 4591 -4

4901 (FUJIY) FUJIFILM 11.55 -0.04 3713 -33

6594 (NJDCY) Nidec 11.39 0.06 7323 -78

6857 (ATEYY) ADVANTEST 38.70 1.20 6221 -1

4543 (TRUMY) Terumo 16.18 -0.10 2601 -24

8591 (IX.N) ORIX 109.50 -0.55 3520 0

(Top 50 by market capitalization, converted to 160.74 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (26th)

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

5401 (NPSCY) Nippon Steel 7.25 3496 111 3.28

9503 (KAEPY) Kansai Electric Power 8.74 2810 86 3.16

7259 (ASEKY) Aisin Seiki 33.72 5420 166 3.16

8309 (SUTNY) Sumitomo Mitsui Tiger HD 4.60 3697 34 0.93

8113 (UNICY) unicharm 6.62 5320 35 0.66

“Top 5 ADR Decline Rate Stocks” (26th)

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

8750 (DLICY) Dai-ichi Life HD 23.80 3826 -374 -8.90

7182 (JPPTY) Japan Post Bank 8.55 1374 -131 -8.70

6178 (JPPY) Japan Post 9.00 1447 -127.5 -8.10

8830 (MITEY) Sumitomo Real Estate 14.00 4501 -219 -4.64

5020 (JXHLY) ENEOS 10.00 804 -20.6 -2.50

“US Stock Market Overview” (26th)

NYDOW

Closing price: 39127.80 compared to the previous day: 15.64

Opening Price: 39063.15 High Price: 39183.74 Low Price: 38908.99

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: 17805.16 compared to the previous day: 87.50

Opening Price: 17697.27 High Price: 17813.55 Low Price: 17687.07

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: 5477.90 compared to the previous day: 8.60

Opening Price: 5460.71 High Price: 5483.14 Low Price: 5451.87

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 4.466% US 10-year government bonds 4.33%

The US stock market rose. The Dow average closed at 39,127.80, up 15.64 dollars, and the Nasdaq index rose 87.50 points to 17,805.16.

The rise in long-term interest rates weighed on, and the decline in sentiment. Expectations for interest rate cuts receded as senior Fed officials showed an attitude of not rushing to cut interest rates one after another the day before. While the cautious mood spread ahead of the announcement of the PCE price index, which the Fed emphasizes, over the weekend, high-tech stocks remained steady against the backdrop of expectations surrounding artificial intelligence (AI), which supported the market price. By sector, automobiles, auto parts, and retail rose sharply, while commercial/specialty services, insurance, energy, etc. declined.

EV manufacturer Rivian Automotive (RIVN) is significantly higher. German Volkswagen announced that it will invest 5 billion dollars and jointly develop a “next generation” EV. Lucid (LCID), who is in the same industry, also got expensive. The shipping company FedEx (FDX) grew rapidly due to the fact that its full-year profit outlook exceeded market expectations and that it was planning a share buyback due to quarterly financial results announced after closing the day before. Home appliance manufacturer Whirlpool (WHR) rose in response to reports that German Robert Bush is considering an acquisition. The food company General Mills (GIS) sold due to a decrease in sales and profit due to a decrease in quarterly financial results, and sales forecasts were disappointed.

Amazon.com, the largest online shopping company, surpassed 2 trillion dollars for the first time in terms of total market value. Expectations surrounding artificial intelligence (AI) are boosting stock prices. There are 4 US companies, such as Apple and Microsoft, that have achieved over 2 trillion dollars so far.

(Horiko Capital Management LLC)