ADR (American Depositary Receipt) of Japanese stocks, with a conversion rate of 1 dollar to 156.21 yen compared to the Tokyo Stock Exchange, fell across all industries such as Japan Post Bank <7182>, Japan Post Holdings <6178>, Disco <6146>, Tokyo Electron <8035>, Renesas <6723>, Advantest <6857>, and SoftBank Group <9984>. The Chicago Nikkei 225 futures settlement price was 40,240 yen, which was 840 yen lower than the Osaka daytime price.

The US stock market is mixed. The Dow Jones Industrial Average ended the day at 41,198.08, up 243.60 points, while the Nasdaq closed down 512.41 points at 17,996.93. After opening due to uncertainty about the timing of interest rate cuts, the market was mixed. The Dow soared due to buying expectations spurred by higher-than-expected new housing starts, whereas the Nasdaq plummeted due to semiconductor sales, and the decline continued into the final hour. The Dow performed well throughout the day, hitting a new all-time high, and ended mixed.

On the New York foreign exchange market of the seventeenth, the dollar-yen rate dropped from 156.74 yen to 156.07 yen, closing at 156.33 yen. The dollar selling pressure temporarily receded due to higher-than-expected US June housing starts and industrial production, but it fell victim to added expectations of rate hikes in Japan, exacerbated by remarks from Republican presidential candidate Donald Trump criticizing the strong dollar and weak yen, leading to increased dollar selling and yen buying. The Beige Book, an economic report compiled by the Federal Reserve Bank (FRB) on each district, showed indications of continued economic growth, but also pointed to some signs of slowdown, further exacerbating dollar selling pressure. The euro rose to $1.0948 before falling back to $1.0924 and closing at $1.0939.

NY crude oil futures for August rebounded (NYMEX crude oil for August ended at 82.85, up 2.09).

Top 5 performing ADR listing in Japan on the 17th

<5401> Nippon Steel $7.32 3430 yen (+4 yen) +0.12%

<8113> Unicharm $6.58 5139 yen (no change) +0%

<9107> Kawasaki Kisen Kaisha $15.38 2403 yen (-0.5 yen) +-0.02%

<8309> Mitsui Osk Lines $4.96 3874 yen (-4 yen) +-0.1%

<9101> Nippon Yusen $5.95 4646 yen (-5 yen) +-0.11%

Top 5 underperforming ADR listings in Japan on the 17th

<8830> Sumitomo Realty & Development $14 4374 yen (-764 yen) -14.87%

<7182> Japan Post Bank $8.8 1375 yen (-191 yen) -12.2%

<8750> Dai-ichi Life Holdings $26.2 4093 yen (-534 yen) -11.54%

<6178> Japan Post $10 1562 yen (-102.5 yen) -6.16%

<6146> Disco $36.6 57173 yen (-3437 yen) -5.67%

Other ADR listings on the 17th

<2914> Japan Tobacco Inc. $13.95 4358 yen (-42 yen)

<3382> Seven & i Holdings Co Ltd $11.36 1775 yen (-30 yen)

<4063> Shin-Etsu Chemical $21.37 6676 yen (-141 yen)

<4502> Takeda Pharmaceutical Co Ltd $13.7 4280 yen (-29 yen)

<4519> Chugai Pharmaceutical Co Ltd $19.16 5986 yen (-73 yen)

<4543> Terumo Corp $17.65 2757 yen (-69.5 yen)

<4568> Daiichi Sankyo, Inc. $38.51 6016 yen (-57 yen)

<4661> Orienrand Co Ltd $29.27 4572 yen (-49 yen)

<4901> Fujifilm Holdings Corp $12 3749 yen (-74 yen)

<5108> Bridgestone Corp. Unsponsored ADR $19.64 6136 yen (-113 yen)

<6098> Recruit Holdings Co Ltd $11.73 9162 yen (-176 yen)

<6146> Disco Corp $36.6 57173 yen (-3437 yen)

<6178> Japan Post Holdings Co Ltd $10 1562 yen (-102.5 yen)

<6201> Toyota Industries Corp $86.89 13573 yen (-207 yen)

<6273> SMC Corp $25.44 79480 yen (-1940 yen)

<6301> Komatsu Ltd $32.03 5003 yen (-63 yen)

<6367> Daikin Industries, Ltd. Unsponsored ADR $14.27 22291 yen (-574 yen)

<6501> Hitachi Ltd Sponsored ADR $47.8 3733 yen (-74 yen)

<6503> Mitsubishi Electric Corp. Unsponsored ADR $36.55 2855 yen (-30 yen)

<6594> Nidec Corp $11.15 6967 yen (-49 yen)

<6702> Fujitsu Ltd $16.71 2610 yen (-40.5 yen)

<6723> Renesas Electronics Corp $9.71 3034 yen (-176 yen)

<6758> Sony Group Corp $95.96 14990 yen (-195 yen)

<6857> Advantest Corp $38.5 6014 yen (-347 yen)

<6902> Denso Corp $16.14 2522 yen (-64 yen)

<6954> Fanuc Corp $14.28 4461 yen (-108 yen)

Murata Manufacturing Co Ltd. <6981> 11.8 dollars, 3,687 yen (-103 yen).

Japan Post Bank Co Ltd <7182> 8.8 dollars, 1,375 yen (-191 yen).

Toyota Motor Corp <7203> 204.39 dollars, 3,193 yen (-61 yen).

Honda Motor Co Ltd <7267> 32.54 dollars, 1,694 yen (-22 yen).

HOYA Corp <7741> 130.74 dollars, 20,423 yen (-402 yen).

Canon Inc-Spons ADR <7751> 28.41 dollars, 4,438 yen (-61 yen).

Nintendo Co Ltd <7974> 13.77 dollars, 8,604 yen (-144 yen).

ITOCHU Corp <8001> 102.98 dollars, 8,043 yen (-123 yen).

Marubeni Corp <8002> 197.14 dollars, 3,080 yen (-58 yen).

Mitsui & Co Ltd <8031> 476.76 dollars, 3,724 yen (-53 yen).

Tokyo Electron Ltd <8035> 100.92 dollars, 31,529 yen (-1,861 yen).

Sumitomo Corp <8053> 25.9 dollars, 4,046 yen (-60 yen).

Mitsubishi Corp <8058> 21.49 dollars, 3,357 yen (-35 yen).

Mitsubishi UFJ Financial Group Inc <8306> 11.24 dollars, 1,756 yen (-14 yen).

Mitsui Sumitomo Insurance Group Holdings Inc <8316> 13.8 dollars, 10,778 yen (-127 yen).

Mizuho Financial Group Inc <8411> 4.41 dollars, 3,444 yen (-14 yen).

ORIX Corp <8591> 119.33 dollars, 3,728 yen (-47 yen).

MS&AD Insurance Group Holdings Inc <8725> 23.73 dollars, 3,707 yen (-52 yen).

Tokio Marine Holdings Inc <8766> 39.31 dollars, 6,141 yen (-74 yen).

a-REIT ETF Mitsubishi Estate Co Ltd <8801> 29.8 dollars, 1,552 yen (-32 yen).

<9432> NTT $25.33 158 yen (-1.7 yen)

<9433> KDDI Corporation $14.41 4502 yen (-43 yen)

<9983> Fast Retailing $26.41 41255 yen (-1125 yen)

<9984> SoftBank Group Corp. $34.73 10850 yen (-495 yen)