In comparison with the Tokyo Stock Exchange, ADR (American depositary receipt) of Japanese stocks rose and almost all of them were higher, including Japan Post <6178>, Advantest <6857>, Disco <6146>, Tokyo Electron <8035>, Renesas <6723>, Mitsubishi Corporation <8058>, Hitachi <6501> Inc. The settlement value of Chicago Nikkei 225 futures was 42,470 yen, up 530 yen from Osaka in the daytime.
The US stock market rose. The Dow Jones rose 429.39 points to 39,721.36, and the Nasdaq ended trading at 18,647.45, up 218.16 points. After the opening, the market rose due to expectations of interest rate cuts due to Chairman Powell's congressional testimony. Although the chairman did not clarify the timing of interest rate cuts in his testimony to the House of Representatives, he suggested that the conditions for interest rate cuts are coming together, prompting the market to remain firm throughout the day and expand its gains at the end of the session. The Nasdaq also received support from the rise of Apple and Nvidia and updated its all-time high for the seventh consecutive day and ended trading at a new high.
In the New York foreign exchange market on the 10th, the dollar-yen rate rose from 161.43 to 161.81 and closed at 161.71. Following the second day of Chairman Powell's congressional testimony from the Federal Reserve Board (FRB), it was reported that there are still things to be done regarding inflation, and the policy is to maintain high interest rates until there is further confidence in achieving sustainable goals, and the dollar picked up. At the same time, it was suggested that we were gradually approaching a rate cut, and risk appetite encouraged yen selling. The euro-dollar fell to 1.0817 dollars and then rose to 1.0830 dollars, closing at 1.0830 dollars.
NY crude oil futures for August rebounded (NYMEX crude oil August final price: 82.10, up 0.69).
Top ADR gainers (10th)
<6178> Japan Post $11 1777 yen (+110.5 yen) +6.63%
<9107> Kawasaki Kisen Kaisha $16.36 2643 yen (+113.5 yen) +4.49%
<5020> ENEOS $10.69 864 yen (+35.6 yen) +4.3%
<6857> Advantest $44.1 7125 yen (+201 yen) +2.9%
<6146> Disco $42.2 68183 yen (+1913 yen) +2.89%
Top ADR losers (10th)
<7182> Japan Post Bank $8.55 1381 yen (-152 yen) -9.92%
<8750> Dai-ichi Life Holdings $27 4362 yen (-406 yen) -8.52%
<8830> Sumitomo Realty & Development $14 4524 yen (-331 yen) -6.82%
<8601> Daiwa Securities Group Corporate Headquarters $7.82 1263 yen (-26.5 yen) -2.06%
<2801> Kikkoman $23.4 1890 yen (-33.5 yen) -1.74%
Other ADR issues (10th)
<2914> Japan Tobacco Inc. $13.8 4459 yen (+9 yen)
<3382> Seven & I Holdings $12.05 1947 yen (+12.5 yen)
<4063> Shin-Etsu Chemical Co. $20.97 6776 yen (+60 yen)
<4502> Takeda Pharmaceutical Co. $13.25 4282 yen (+32 yen)
<4519> Chugai Pharmaceutical Co. $19.94 6443 yen (+48 yen)
<4543> Terumo Corporation $17.66 2853 yen (+32.5 yen)
<4568> Daiichi Sankyo, $36.79, ¥5944 (+¥67)
<4661> Oriental Land, $28.4, ¥4589 (+¥65)
<4901> Fujifilm Holdings, $12.42, ¥4013 (+¥31)
<5108> Bridgestone Corp. unsponsored adr, $19.43, ¥6279 (+¥37)
<6098> Recruit Holdings, $11.8, ¥9533 (+¥49)
<6146> Disco Corp, $42.2, ¥68183 (+¥1913)
<6178> Japan Post Holdings, $11, ¥1777 (+¥110.5)
<6201> Toyota Industries Corp, $85.33, ¥13787 (+¥182)
<6273> SMC Corp, $25.52, ¥82465 (+¥665)
<6301> Komatsu, $29.91, ¥4833 (+¥48)
<6367> Daikin Industries, Ltd. unsponsored adr, $14.38, ¥23234 (+¥209)
<6501> Hitachi Ltd sponsored adr, $48.1, ¥3885 (+¥67)
Mitsubishi Electric Corp. unsponsored adr, $35.25, ¥2848 (+¥37.5)
<6594> Nidec Corp, $10.79, ¥6973 (+¥24)
<6702> Fujitsu, $16.61, ¥2684 (+¥26)
<6723> Renesas Electronics Corp, $10.38, ¥3354 (+¥61)
Sony Group Corp, $92.73, ¥14982 (+¥137)
<6857> Advantest Corp, $44.1, ¥7125 (+¥201)
<6902> Denso Corp, $15.88, ¥2566 (+¥27.5)
Fanuc Corp, $14.14, ¥4569 (+¥34)
<6981> Murata Manufacturing Co., Ltd. $11.29 3648 yen (+51 yen)
<7182> Japan Post Bank Co., Ltd. $8.55 1381 yen (-152 yen)
<7203> Toyota Motor Corporation $205.88 3326 yen (+35 yen)
<7267> Honda Motor Co., Ltd. $32.06 1727 yen (+24 yen)
<7741> HOYA Corporation $129.31 20893 yen (+253 yen)
<7751> Canon Inc-spons adr $28.11 4542 yen (+17 yen)
<7974> Nintendo Co Ltd $13.95 9016 yen (+16 yen)
<8001> Itochu Corporation $102.12 8250 yen (+112 yen)
<8002> Marubeni Corporation $190.48 3078 yen (+45 yen)
<8031> Mitsui & Co., Ltd. $468.92 3788 yen (+56 yen)
<8035> Tokyo Electron Ltd $120.06 38796 yen (+976 yen)
<8053> Sumitomo Corporation $25.45 4112 yen (+64 yen)
<8058> Mitsubishi Corporation $21.02 3397 yen (+60 yen)
<8306> Mitsubishi UFJ Financial Group Inc $11.19 1808 yen (+15 yen)
<8316> Sumitomo Mitsui Financial Group Inc $13.82 11164 yen (+69 yen)
<8411> Mizuho Financial Group Inc. $4.34 3506 yen (+38 yen)
<8591> Orix Corporation $114.84 3711 yen (+42 yen)
<8725> MS&AD Insurance Group Holdings Inc $24.58 3971 yen (+41 yen)
<8766> Tokio Marine Holdings Inc $41.16 6650 yen (+54 yen)
<8801> A-reit etf $28 1508 yen (+17 yen)
<9432> NTT: $24.59, ¥159 (+0.7 yen).
<9433> kddi corporation: $13.97, ¥4514 (+11 yen).
<9983> Fast Retailing: $27.79, ¥44,900 (+700 yen).
<9984> SoftBank: $37.08, ¥11,982 (+157 yen).