ADR (American depositary receipt) Japanese stocks saw mixed movement, with Japan Post <6178>, Honda Motor <7267>, Renesas <6723>, and Mizuho Financial Group <8411> rising, while Yucho Bank <7182>, Toyota Industries <6201>, Nidec <6594>, and Murata Manufacturing <6981> fell, using a conversion rate of 146.68 yen per dollar compared to the Tokyo Stock Exchange. Chicago Nikkei 225 futures were settled at 35,275 yen, up 225 yen from Osaka Day-Night 225.

The U.S. stock market continued to rise. The Dow rose 51.05 points to close at 39,497.54, while the Nasdaq rose 85.28 points to 16,745.30. After starting down due to concerns about a recession, it fell. Later, Barkin, president of the Federal Reserve Bank of Richmond, with voting rights for the FOMC this year, said, "There is time to judge the economy," and as investors' outlook on the pessimistic view of economic slowdown became too negative and buying momentum increased, it turned upward. Collins, president of the Boston Fed, pointed out that if inflation slows in a strong labor market, rate cuts are possible, and high-tech stocks also rebounded. Buying continued towards the end of the week with important inflation indicators to be announced next week.

On the New York foreign exchange market on the 9th, the dollar fell from 147.04 yen to 146.27 yen and closed at 146.61 yen. The dollar fell as long-term interest rates fell due to comments such as Fed member Collins of the Boston Fed, who said that easing would be appropriate soon if the data was as expected and incorporated the possibility of a rate cut by the end of the year by the Federal Reserve. At the same time, the yen’s downside was limited as risk aversion subsided. The euro/dollar fell to 1.0909 dollars, rose to 1.0931 dollars, and closed at 1.0916 dollars.

On the 9th, NY crude oil futures for September rose sharply (NYMEX crude oil for September: 76.84, up 0.65).

Top ADR gainers (9th)

Stock code, stock name, closing price (dollars), yen equivalent price, Japanese closing price/compared to previous day, change rate

<2801> Kikkoman $24.1 1767 yen (up 144.5 yen) +8.91%

<6178> Japan Post $10 1467 yen (up 106.5 yen) +7.83%

<9107> Kawasaki Kisen $13.31 1952 yen (up 42 yen) +2.2%

<5401> Nippon Steel $7.34 3230 yen (up 61 yen) +1.92%

<7267> Honda Motor $29.49 1442 yen (up 22 yen) +1.55%

Bottom ADR losers (9th)

Stock code, stock name, closing price (dollars), yen equivalent price, Japanese closing price/compared to previous day, change rate

<7182> Yucho Bank $8.45 1239 yen (down 153.5 yen) -11.02%

<8750> Dai-Ichi Life HD $23.4 3432 yen (down 371 yen) -9.76%

<8830> Sumitomo Realty $14 4107 yen (down 268 yen) -6.13%

<8630> SOMPO HD $9.7 2846 yen (down 112.5 yen) -3.8%

<8601> Daiwa Securities Group $6.45 946 yen (down 21.9 yen) -2.26%

Other ADR stocks (9th)

Code name closing price (dollar) Japanese yen conversion price Japan closing price comparison

<2914> Japan Tobacco $13.32 3908 yen (down 12 yen)

<3382> Seven&I HD $11.42 1675 yen (up 2.5 yen)

<4063> Shin-Etsu Chemical Industry $20.46 6002 yen (up 55 yen)

<4502> Takeda Pharmaceutical Co., Ltd. $13.87 JPY 4,069 (0 yen)

<4519> Chugai Pharmaceutical Co., Ltd. $20.94 JPY 6,143 (21 yen)

<4543> Terumo Corporation $17.91 JPY 2,627 (16 yen)

<4568> Daiichi Sankyo Company, Ltd. $37.48 JPY 5,498 (40 yen)

<4661> Oriental Land Co., Ltd. $26.71 JPY 3,918 (0 yen)

<4901> Fujifilm Holdings Corporation $11.62 JPY 3,409 (0 yen)

<5108> Bridgestone Corporation unsponsored ADR $18.99 JPY 5,571 (-11 yen)

<6098> Recruit Holdings Co., Ltd. $11.29 JPY 8,280 (-22 yen)

<6146> Disco Corporation $28.4 JPY 41,657 (327 yen)

<6178> Japan Post Holdings Co., Ltd. $10 JPY 1,467 (106.5 yen)

<6201> Toyota Industries Corporation $71.89 JPY 10,545 (-145 yen)

<6273> SMC Corporation $22.06 JPY 64,715 (-35 yen)

<6301> Komatsu $26.33 JPY 3,862 (-5 yen)

<6367> Daikin Industries, Ltd. unsponsored ADR $11.57 JPY 16,971 (41 yen)

<6501> Hitachi Ltd sponsored ADR $44.48 JPY 3,262 (9 yen)

<6503> Mitsubishi Electric Corp. unsponsored ADR $28.16 JPY 2,065 (7 yen)

<6594> Nidec Corporation $9.82 JPY 5,762 (-59 yen)

<6702> Fujitsu Limited $16.68 JPY 2,447 (29 yen)

<6723> Renesas Electronics Corporation $7.57 JPY 2,221 (33.5 yen)

<6758> Sony Group Corp $84.4 JPY 12,380 (55 yen)

<6857> Advantest $40 5867 yen (+75 yen)

<6902> Denso $14.35 2105 yen (-4 yen)

<6954> Fanuc $13.28 3896 yen (+9 yen)

<6981> Murata Manufacturing $9.36 2746 yen (-17 yen)

<7182> Japan Post Bank $8.45 1239 yen (-153.5 yen)

<7203> Toyota Motor $168.59 2473 yen (+25.5 yen)

<7267> Honda Motor $29.49 1442 yen (+22 yen)

<7741> Hoya $135.03 19806 yen (+111 yen)

<7751> Canon $30.81 4519 yen (-6 yen)

<7974> Nintendo Co Ltd $13.23 7762 yen (-39 yen)

<8001> Itochu $91.66 6722 yen (-8 yen)

<8002> Marubeni $155.52 2281 yen (+4.5 yen)

<8031> Mitsui & Co Ltd $391.58 2872 yen (+20 yen)

<8035> Tokyo Electron $88.91 26083 yen (+273 yen)

<8053> Sumitomo Corp $21.75 3190 yen (+18 yen)

<8058> Mitsubishi Corp $19.25 2824 yen (+32.5 yen)

<8306> Mitsubishi UFJ Financial Group $9.6 1408 yen (-2.5 yen)

<8316> Sumitomo Mitsui Financial Group $12.2 8947 yen (-21 yen)

<8411> Mizuho Financial Group $3.84 2816 yen (+36.5 yen)

<8591> ORIX $114.4 3356 yen (+21 yen)

<8725> MS&AD Insurance Holdings, Inc. at $20.47 and 3,003 yen (-10 yen).

<8766> Tokio Marine Holdings, Inc. at $33.29 and 4,883 yen (-23 yen).

<8801> Mitsui Fudosan Co., Ltd. at $29.30 and 1,433 yen (-2 yen).

<9432> NTT Corp. at $24.88 and 146 yen (+0.3 yen).

<9433> KDDI Corporation at $15.35 and 4,503 yen (-6 yen).

<9983> Fast Retailing Co., Ltd. at $27.18 and 39,868 yen (+228 yen).

<9984> SoftBank Group Corp. at $25.93 and 7,607 yen (-19 yen).