Japanese ADR (American Depositary Receipts) shares fell in comparison with the Tokyo Stock Exchange (1 dollar 147.24 yen conversion), Japan Post Bank ＜7182 ＞, Renesas ＜6723＞, Nintendo ＜7974＞, Advantest ＜6857＞, Daikin Industries ＜6367＞, HOYA ＜7741＞, Terumo ＜4543＞, etc. fell, and general sales dominance became dominant. The Chicago Nikkei 225 futures settlement value is 36,275 yen, 105 yen lower than the Osaka daytime ratio.

The US stock market continues to grow. The Dow average closed at 40,008.39 dollars, which rose 242.75 dollars, and the Nasdaq closed at 17,192.60, which rose 4.99 points. Continued slowing inflation was newly confirmed in the July Consumer Price Index (CPI), and purchases in response to expectations of interest rate cuts continued, and then rose. At the same time, the results were as expected, and purchases expected aggressive interest rate cuts retreated, and the NASDAQ then turned to a decline. The pessimistic view of the economy receded, and the Dow continued to grow until the end of the game, and the increase widened. The NASDAQ narrowly recovered to the positive zone and ended.

The dollar and yen fell to 146 yen 58 yen in the New York foreign exchange market on the 14th, then rose to 147 yen 58 yen, and closed at 147 yen 43 yen. The July Consumer Price Index (CPI) core index, which is closely watched by the Federal Reserve (Fed), growth slowed for 4 consecutive months compared to the previous year, and the results justified interest rate cuts, but the deep-seated inflation was shown in some items, and observations of drastic interest rate cuts in response to employment statistics receded. Dollar sales have also become limited. The euro dollar rose from $1.1003 to $1.1047 and closed at $1.1012.

NY crude oil futures continued to fall for the 9-month period (NYMEX crude oil closing price for the 9-month period: 76.98 ↓ 1.37).

■Stocks with the highest ADR growth rate (14 days)

Stock code stock name closing price (dollar) Japanese yen conversion price Japanese closing price ratio gain/fall rate

＜8830＞ Sumitomo Real Estate 17 dollars 5006 yen (346 yen) +7.42%

＜2801＞ Kikkoman 24.1 dollars 1774 yen (90.5 yen) +5.38%

＜6178＞ Japan Post $10 1472 yen (68 yen) +4.84%

＜8309＞ Sumitomo Mitsui Tiger HD 4.8 dollars 3534 yen (45 yen) +1.29%

＜8411＞ Mizuho Financial Services 4.02 dollars 2960 yen (36 yen) +1.23%

■Stocks with lower ADR depreciation rate (14 days)

Stock code stock name closing price (dollar) Japanese yen conversion price Japanese closing price ratio gain/fall rate

＜7182＞ Japan Post Bank 8.4 dollars 1237 yen (-162.5 yen) -11.61%

＜8750＞ Dai-ichi Life HD 23.8 dollars 3504 yen (-455 yen) -11.49%

＜9107＞ Kawasaki Kisen 13.25 dollars 1951 yen (-90 yen) -4.41%

＜7259＞ Aisin Seiki $31.96 4706 yen (-182 yen) -3.72%

＜8601＞ Daiwa Securities G Headquarters 6.94 dollars 1022 yen (-27.5 yen) -2.62%

■Other ADR stocks (14 days)

Stock Code Stock Name Closing Price (Dollar) Japanese Yen Conversion Price Japanese Closing Price Ratio

＜2914＞ Nippon Tobacco Industry 13.82 dollars 4070 yen (-14 yen)

＜3382＞ Seven & I HD 11.81 dollars 1739 yen (-5.5 yen)

＜4063＞ Shin-Etsu Chemical $20.83 6134 yen (-24 yen)

＜4502＞ Takeda Pharmaceutical 14.3 dollars 4211 yen (-25 yen)

＜4519＞ Chugai Pharmaceutical 21.49 dollars 6328 yen (-50 yen)

＜4543＞ Terumo 18.15 dollars 2672 yen (-23 yen)

＜4568＞ Daiichi Sankyo 39.2 dollars 5772 yen (8 yen)

＜4661＞ Orienland 26.68 dollars 3928 yen (-21 yen)

＜4901＞ Fujifilm $11.92 3510 yen (-23 yen)

＜5108＞ Bridgestone 19.45 dollars 5728 yen (-39 yen)

＜6098＞ Recruit HD 11.48 dollars 8452 yen (-35 yen)

＜6146＞ Disco 29.7 dollars 43730 yen (-120 yen)

＜6178＞ Japan Post $10 1472 yen (68 yen)

＜6201＞ Toyota Industries 75.52 dollars 11120 yen (-60 yen)

＜6273＞ SMC 21.96 dollars 64668 yen (-362 yen)

＜6301＞ Komatsu Seisakusho 27.76 dollars 4087 yen (-12 yen)

＜6367＞ Daikin Industries 11.9 dollars 17522 yen (-193 yen)

＜6501＞ Hitachi, Ltd. $46.31, 3409 yen (-14 yen)

＜6503＞ Mitsubishi Electric 29.58 dollars 2178 yen (-4.5 yen)

＜6594＞ Nidec 10.01 dollars 5895 yen (-17 yen)

＜6702＞ Fujitsu 16.85 dollars 2481 yen (-3.5 yen)

＜6723＞ Renesas 7.62 dollars 2,242 yen (-41 yen)

＜6758＞ Sony $88.99 13103 yen (23 yen)

＜6857＞ Advantest $42.3 6228 yen (-70 yen)

＜6902＞ Denso 15.07 dollars 2219 yen (-6 yen)

＜6954＞ FANUC $13.6 4005 yen (-25 yen)

＜6981＞ Murata Manufacturing 9.94 dollars 2927 yen (-21 yen)

＜7182＞ Japan Post Bank 8.4 dollars 1237 yen (-162.5 yen)

＜7203＞ Toyota Motor Corporation 177.01 dollars 2606 yen (-10 yen)

＜7267＞ Honda Motor 30.6 dollars 1502 yen (-3 yen)

＜7741＞ HOYA 131.72 dollars 19394 yen (-181 yen)

＜7751＞ Canon $31.6 4653 yen (-26 yen)

＜7974＞ Nintendo 13.38 dollars 7880 yen (-94 yen)

＜8001＞ ITOCHU Corporation 95.17 dollars 7006 yen (4 yen)

＜8002＞ Marubeni 162.79 dollars 2397 yen (-6 yen)

＜8031＞ Mitsui & Co., $410.36, 3021 yen (16 yen)

＜8035＞ Tokyo Electric 91.7 dollars 27004 yen (-221 yen)

＜8053＞ Sumitomo Corporation 22.48 dollars 3310 yen (-3 yen)

＜8058＞ Mitsubishi Corporation 19.7 dollars 2901 yen (10 yen)

＜8306＞ Mitsubishi UFJFG 9.91 dollars 1459 yen (1.5 yen)

＜8316＞ Sumitomo Mitsui Financial Group 12.76 dollars 9394 yen (-3 yen)

＜8411＞ Mizuho Financial Services 4.02 dollars 2960 yen (36 yen)

＜8591＞ ORIX $116.34 3426 yen (0 yen)

＜8725＞ MS&AD Inci HD 22.23 dollars 3273 yen (-11 yen)

＜8766＞ Tokio Marine HD 36.75 dollars 5411 yen (-2 yen)

＜8801＞ Mitsui Fudosan $30.4 1492 yen (-6.5 yen)

＜9432＞ NTT 25.11 dollars 148 yen (0.5 yen)

＜9433＞ KDDI 15.35 dollars 4520 yen (-18 yen)

＜9983＞ Fast Lite 27.29 dollars 40182 yen (-178 yen)

＜9984＞ SoftBank G 27.25 dollars 8025 yen (11 yen)