ADR (American Depositary Receipt) Japanese stocks, compared to the Tokyo Stock Exchange (converted at 1 dollar = 145.46 yen), Yucho Bank <7182>, Advantest <6857>, Tokyo Electron <8035>, Renesas <6723>, Disco <6146>, SoftBank Group <9984>, Shin-Etsu Chemical Industry <4063>, and others fell, with selling pressure prevailing overall. The settlement price of the Chicago Nikkei 225 futures was 37,595 yen, down 1,195 yen from the Osaka daytime comparison.

The U.S. stock market fell sharply. The Dow Jones Industrial Average ended the session down 626.15 points at 40,936.93, while the Nasdaq closed at 17,136.30, down 577.33 points. Concerns about a hard landing increased as the August ISM Manufacturing Index fell below expectations, leading to a decline after the opening. The Dow also accelerated profit-taking selling from its all-time high, and selling dominated throughout the day. Selling pressure on the semiconductor sector, such as NVIDIA (NVDA), also added further pressure, causing a significant decline in the Nasdaq, which expanded towards the end of the session.

In the New York foreign exchange market on the 3rd, the dollar-yen fell from 146.29 yen to 145.16 yen and closed at 145.58 yen. The dollar selling dominated due to the lower-than-expected August ISM Manufacturing Index, Manufacturing PMI revised figures, and July construction spending, incorporating the rate cut by the Federal Reserve Board (FRB) due to the deterioration of the U.S. economy. As the stock market fell, the yen buying for risk aversion also increased. At the same time, the demand for the safe-haven dollar supported the currency. The euro-dollar rose to 1.1068 dollars and then fell to 1.1026 dollars, closing at 1.1043 dollars. It was pushed down by euro selling in anticipation of additional rate cuts in September.

On the 3rd, NY crude oil futures for October continued to decline (NYMEX Crude Oil October futures closing price: 70.34, down 3.21).

Top performing ADRs on the 3rd

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

<2801> Kikkoman $22.8 1658 yen (+1.56%, +25.5 yen)

<9503> Kansai Electric Power $9.02 2624 yen (+0.36%, +9.5 yen)

<6178> Japan Post $10 1,455 yen (4.5 yen) +0.31%

<9983> First Retail $32.39 47,114 yen (134 yen) +0.29%

<3659> Nexon $20.13 2,928 yen (-5.5 yen) +-0.19%

Top Declining ADR Stocks (3 days)

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

<8750> Dai-Ichi Life Holdings $25.8 3,753 yen (-547 yen) -12.72%

<7182> Yucho Bank $8.55 1,244 yen (-176 yen) -12.39%

<7259> Aisin Seiki $32.1 4,669 yen (-374 yen) -7.42%

<6857> Advantest $42.8 6226 yen (-$417) -6.28%

<8035> Tokyo Electron $81.03 23573 yen (-$1572) -6.25%

■ Other ADR stocks (3rd day)

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

<2914> Japan Tobacco Inc $14.27 4151 yen (-$53)

<3382> Seven & I Holdings $14.9 2167 yen (-$42)

<4063> Shin-Etsu Chemical Co $21.02 6115 yen (-$258)

<4502> Takeda Pharmaceuticals $14.92 4341 yen (-$57)

<4519> Shionogi & Co Ltd $23.88 6947 yen (-$170)

<4543> Terumo Corporation $18.5 2691 yen (-$33.5)

<4568> Daiichi Sankyo Company, Limited $40.52 5894 yen (-$122)

<4661> Orlenland $26.68 3881 yen (-$70)

<4901> Fujifilm Holdings Corporation $13.29 3866 yen (-$103)

<5108> Bridgestone Corporation $19 5527 yen (-$104)

<6098> Recruit Holdings Co Ltd $12.17 8851 yen (-$209)

<6146> Disco Corporation $26.1 37965 yen (-$2195)

<6178> Japan Post $10 1455 yen (¥4.5)

<6201> Toyota Industries $76.58 11139 yen (-¥311)

<6273> SMC $21.47 62461 yen (-¥2199)

<6301> Komatsu $26.82 3901 yen (-¥118)

<6367> Daikin Industries $12.34 17950 yen (-¥600)

<6501> Hitachi $47.89 3483 yen (-¥116)

<6503> Mitsubishi Electric $32.55 2367 yen (-¥80.5)

<6594> Nidec $10.07 5859 yen (-¥159)

<6702> Fujitsu $19.17 2788 yen (-59 yen)

<6723> Renesas $7.99 2324 yen (-151.5 yen)

<6758> Sony $95.48 13889 yen (-286 yen)

<6857> Advantest $42.8 6226 yen (-417 yen)

<6902> Denso $14.85 2160 yen (-63.5 yen)

<6954> Fanuc $14.13 4111 yen (-151 yen)

<6981> Murata Manufacturing $10.18 2962 yen (-121 yen)

<7182> Japan Post Bank $8.55 1244 yen (-176 yen)

<7203> Toyota Motor, $186.15, 2,708 yen (-$64)

<7267> Honda Motor, $32.36, 1,569 yen (-35.5 yen)

<7741> HOYA, $135.89, 19,767 yen (-508 yen)

<7751> Canon, $34.28, 4,986 yen (-106 yen)

<7974> Nintendo, $13.3, 7,738 yen (-188 yen)

<8001> Itochu Corporation, $104.56, 7,605 yen (-219 yen)

<8002> Marubeni Corporation, $166.35, 2,420 yen (-69.5 yen)

<8031> Mitsubishi Corporation, $409.77, 2,980 yen (-111 yen)

<8035> Tokyo Electric $81.03 23,573 yen (-1572 yen)

<8053> Sumitomo Corporation $23.18 3,372 yen (-83 yen)

<8058> Mitsubishi Corporation $20.35 2,960 yen (-74 yen)

<8306> Mitsubishi UFJ Financial Group $10.76 1,565 yen (-34 yen)

<8316> Mitsui Sumitomo Financial Group $13.35 9,709 yen (-201 yen)

<8411> Mizuho Financial Group $4.23 3,076 yen (-61 yen)

<8591> Orix $124.32 3,617 yen (-69 yen)

<8725> MS&AD Insurance Holdings $23.43 3,408 yen (-87 yen)

<8766> Tokyo Marine HD $38.25 5564 yen (-$95)

<8801> Mitsui Fudosan $31.4 1522 yen (-$41.5)

<9432> NTT $26.85 156 yen (-$2.8)

<9433> KDDI $16.91 4919 yen (-$61)

<9983> First Retail $32.39 47114 yen ($134)

<9984> SoftBank G $27.52 8006 yen (-$427)