“Chicago Nikkei Average Futures (CME)” (2 days)

SEP24

O 39570 (in dollars)

H 40320

L 39510

C 40305 large margin +195 (evening ratio +65)

Vol 9813

SEP24

O 39520 (in yen)

H 40270

L 39460

C 40260 large margin +150 (evening ratio +20)

Vol 31059

“American Depositary Receipts Overview (ADR)” (2nd) In the ADR market, while Fast Street ＜9983＞, Mizuho Financial Group ＜8411＞, Advantest ＜6857＞, Tokyo Elec ＜8035＞, etc. rose in comparison with the Tokyo Stock Exchange (1 dollar 161.40 yen conversion), Japan Post Bank ＜7182＞, Mitsubishi Corporation ＜8058＞, Japan Tobacco Industry ＜2914＞, etc. fell, and the overall situation was mixed.

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

7203 (TM.N) Toyota Motor 206.21 2.50 3328 -5

8306 (MUFG.N) MITSUBISHI UFJFG 11.25 0.35 1816 5

8035 (TOELY) Tokyo Elec 109.45 2.05 35330 280

6758 (SONY.N) Sony 86.66 1.35 13987 27

9432 (NTTYY) NTT 24.18 0.03 156 -0.2

8058 (MTSUY) Mitsubishi Corporation 20.55 0.36 3317 -26

9983 (FRCOY) Fast Lite 26.06 1.08 42061 681

9984 (SFTBY) SoftBank G 32.75 0.62 10572 22

4063 (SHECY) Shin-Etsu Chemical 19.60 0.41 6327 27

8001 (ITOCY) ITOCHU CORPORATION 99.42 2.16 8024 14

8316 (SMFG.N) Sumitomo Mitsui FG 13.69 0.24 11048 38

6098 (RCRUY) Recruit HD 10.72 0.32 8651 -36

4568 (DSNKY) Daiichi Sanko 34.96 1.38 5643 -3

9433 (KDDIY) KDDI 13.50 0.12 4358 -23

7974 (NTDOY) Nintendo 13.79 0.29 8903 28

8766 (TKOMY) Tokio Marine HD 39.37 1.35 6354 12

7267 (HMC.N) Honda Motor 32.40 -0.46 1743 8

2914 (JAPAY) Nippon Tobacco 13.63 0.02 4400-32

6902 (DNZOY) DENSO 15.74 0.08 2541 2

4519 (CHGCY) Chugai Pharmaceutical 17.97 0.57 5801 15

4661 (OLCLY) ORIENLAND 27.96 0.00 4513 15

8411 (MFG.N) Mizuho FG 4.34 0.07 3502 37

6367 (DKILY) Daikin Industries 13.75 0.13 22193 13

4502 (TAK.N) Takeda Pharmaceutical 13.03 0.03 4206 -11

7741 (HOCPY) HOYA 120.41 5.22 19434 24

6503 (MIELY) Mitsubishi Electric 32.49 0.82 2622 8.5

6981 (MRAAY) Murata Manufacturing 10.40 0.27 3357 -7

7751 (CAJPY) Canon 27.50 0.31 4439 -10

6273 (SMCAY) SMC 24.13 0.44 77892 -8

7182 (JPPTY) JP BANK 8.95 0.35 1445 -145.5

6146 (DSCSY) disco 38.50 1.00 62139 289

3382 (SVNDY) 7 & i HD 12.22 0.17 1972 -1.5

8053 (SSUMY) Sumitomo Corporation 25.58 0.51 4129 13

6702 (FJTSY) Fujitsu 16.07 0.30 2594 4

6201 (TYIDY) TOYOTA INDUSTRIES 84.95 -0.81 13711 -4

5108 (BRDCY) Bridgestone 19.56 0.16 6314 -5

6178 (JPPY) Japan Post 9.00 0.00 1453 -196

8002 (MARUY) Marubeni 191.80 6.68 3096 3

6723 (RNECY) Renesas 9.40 0.17 3034 20

6954 (FANUY) FANUC 13.79 0.25 4451 -15

8725 (MSADY) MS&AD Insi HD 23.66 0.76 3819 -5

8801 (MTSFY) Mitsui Fudosan 27.60 0.20 1485 3

6301 (KMTUY) Komatsu Seisakusho 30.11 0.57 4860 1

4901 (FUJIY) FUJIFILM 11.65 0.05 3761 -5

6594 (NJDCY) Nidec 10.97 -0.02 7082 6

6857 (ATEYY) ADVANTEST 40.50 0.70 6537 57

4543 (TRUMY) Terumo 16.24 0.55 2621 2

8591 (IX.N) ORIX 112.88 1.97 3644 20

8802 (MITEY) Mitsubishi Estate 15.66 0.06 2528 -2

9022 (CJPRY) JR Tokai 10.72 0.23 3460 -5

(Top 50 by market capitalization, converted to 161.40 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (2 days)

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

6752 (PCRHY) Panasonic 8.45 1364 41 3.10

7259 (ASEKY) Aisin Seiki 33.72 5442 158 2.99

9101 (NPNYY) NYK 6.25 5044 84 1.69

9983 (FRCOY) Fast Lite 26.06 42061 681 1.65

5802 (SMTOY) Sumitomo Electric Industries 15.52 2505 40 1.62

“Top 5 ADR depreciation rate stocks” (2 days)

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

6178 (JPPY) Japan Post 9.00 1453 -196 -11.89

7182 (JPPTY) Japan Post Bank 8.95 1445 -145.5 -9.15

8830 (MITEY) Sumitomo Real Estate 14.00 4519 -334 -6.88

5020 (JXHLY) ENEOS 10.00 807 -49.5 -5.78

8750 (DLICY) Dai-ichi Life HD 27.40 4422 -191 -4.14

“US Stock Market Overview” (2nd)

NYDOW

Closing price: 39331.85 compared to the previous day: 162.33

Opening Price: 39108.25 High Price: 39340.49 Low Price: 39085.69

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: 18028.76 compared to the previous day: 149.46

Opening Price: 17808.04 High Price: 18031.29 Low Price: 17802.24

Year-to-date high: 18028.76 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5509.01 compared to the previous day: 33.92

Opening Price: 5461.84 High Price: 5509.69 Low Price: 5458.43

Year-to-date high: 5509.01 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.605% US 10-year government bonds 4.432%

The US stock market continues to grow. The Dow average closed at 39,331.85, which rose 162.33 dollars, and the Nasdaq index rose 149.46 points to 18,028.76.

While the wait-and-see attitude spreads ahead of the announcement of June employment statistics over the weekend, profit-making sales took precedence over stocks that were currently rising, and the trend fell. Since Chairman Powell of the US Federal Reserve (Fed) pointed out that inflation was slowing down again, long-term interest rates declined, and in addition to supporting the market price, major high-tech stocks such as Amazon and Apple were bought to support the market price. By sector, automobiles and auto parts continued to grow drastically, and banks, technology hardware, equipment, etc. rose. Meanwhile, real estate management/development, durable consumer goods, apparel, etc. declined.

EV manufacturer Tesla (TSLA) was bought because the number of car deliveries for the April-6 fiscal year exceeded market expectations. US media giant Paramount Global (PARA) has risen. CNBC reported that discussions are proceeding with other companies in the same industry over the merger of the streaming business “Paramount Plus.” Warner Bros. Discovery (WBD) in the same industry, which is regarded as one of the discussion partners, has also risen. It rose due to an increase in PayPal Holdings (PYPL) investment decisions for online payments.

Pharmaceutical giants Novo Nordisk (NVO) and Eli Lilly (LLY) declined. The fact that President Biden requested price cuts for obesity and diabetes treatment drugs from both companies was disgusting. The housing construction company LENER (LEN) declined in response to a reduction in investment decisions.

Chairman Powell of the US Federal Reserve (Fed) pointed out that the latest economic data suggests that inflation is once again following a slowing trend. On top of that, they expressed the view that it is desirable for data such as those seen recently to continue further, and that further confidence is necessary for interest rate cuts.

(Horiko Capital Management LLC)