“Chicago Nikkei Average Futures (CME)” (11th)

SEP24

O 36090 (in dollars)

H 36630

L 35255

C 36595 large margin +825 (evening ratio +85)

Vol 14334

SEP24

O 36080 (in yen)

H 36630

L 35255

C 36595 large margin +825 (evening ratio +85)

Vol 32871

“American Depositary Receipts Overview (ADR)” (11th)

In the ADR market, Advantest ＜6857＞, SoftBank G ＜9984＞, Japan Post ＜6178＞, DISCO ＜6146＞, Tokyo Elec ＜8035＞, Renesas ＜6723＞, Hitachi, Ltd. ＜6501＞, etc. rose in comparison with the Tokyo Stock Exchange (142.33 yen equivalent to 1 dollar), and it was almost entirely high.

Code stock name closing price compared to previous day Japanese yen conversion price Japanese closing price ratio

7203 (TM.N) TOYOTA MOTOR CORPORATION 174.69 0.51 2486 64

8306 (MUFG.N) Mitsubishi UFJFG 10.25 0.13 1459 31.5

8035 (TOELY) Tokyo Elec 82.00 3.50 23342 1132

6758 (SONY.N) Sony 93.77 0.79 13346 186

9432 (NTTYY) NTT 26.40 0.03 150 0.8

8058 (MTSUY) Mitsubishi Corporation 20.00 -0.11 2847 67

6501 (HTHIY) Hitachi 47.31 1.11 3367 113

9983 (FRCOY) Fast Lite 30.98 0.36 44094 1194

9984 (SFTBY) SoftBank G 29.13 1.45 8292 418

4063 (SHECY) Shin-Etsu Chemical 19.87 0.30 5656 152

8001 (ITOCY) ITOCHU Corporation 106.67 0.39 7591 156

8316 (SMFG.N) Sumitomo Mitsui FG 12.74 0.08 9066 183

8031 (MITSY) Mitsui & Co. 410.31 14.05 2920 83

6098 (RCRUY) Recruit HD 12.11 0.11 8618 193

4568 (DSNKY) Daiichi Sanko 37.00 -0.24 5266 65

9433 (KDDIY) KDDI 16.76 -0.15 4771 32

7974 (NTDOY) Nintendo 13.43 -0.02 7646 107

8766 (TKOMY) Tokio Marine HD 36.20 0.28 5152 124

7267 (HMC.N) Honda Motor 30.98 0.14 1470 28.5

2914 (JAPAY) Nippon Tobacco Industry 14.49 -0.23 4125 26

6902 (DNZOY) DENSO 14.15 0.04 2014 48

4519 (CHGCY) Chugai Pharmaceutical 23.10 0.00 6576 96

4661 (OLCLY) ORIENLAND 27.47 -0.08 3910 35

8411 (MFG.N) Mizuho FG 4.00 0.01 2847 77

6367 (DKILY) Daikin Industries 11.91 0.04 16952 162

4502 (TAK.N) Takeda Pharmaceutical 14.82 -0.07 4219 24

7741 (HOCPY) HOYA 135.36 1.55 19266 516

6503 (MIELY) MITSUBISHI ELECTRIC 31.83 0.54 2265 56.5

6981 (MRAAY) Murata Manufacturing 9.51 0.04 2707 61

7751 (CAJPY) Canon 34.23 0.43 4872 74

6273 (SMCAY) SMC 20.86 0.34 59380 1560

7182 (JPPTY) Japan Post Bank 8.25 -0.15 1174 -139.5

6146 (DSCSY) disco 24.40 0.60 34729 1709

3382 (SVNDY) 7 & i HD 15.00 -0.13 2135 15

8053 (SSUMY) Sumitomo Corporation 22.47 0.11 3198 61

6702 (FJTSY) Fujitsu 20.01 0.60 2848 46

6201 (TYIDY) Toyota Industries 75.04 0.98 10680 260

5108 (BRDCY) Bridgestone 18.91 0.14 5383 63

6178 (JPPY) Japan Post 10.00 0.00 1423 71

8002 (MARUY) Marubeni 157.76 -1.00 2245 53

6723 (RNECY) Renesas 7.56 0.17 2152 91.5

6954 (FANUY) FANUC 13.33 -0.02 3795 73

8725 (MSADY) MS&AD Insi HD 22.46 0.05 3197 73

8801 (MTSFY) Mitsui Fudosan 29.40 -0.50 1395 29.5

6301 (KMTUY) Komatsu Seisakusho 26.13 0.38 3719 51

4901 (FUJIY) FUJIFILM 13.39 0.14 3812 43

6594 (NJDCY) Nidec 10.03 0.04 5710 52

6857 (ATEYY) ADVANTEST 43.00 1.40 6120 357

4543 (TRUMY) Terumo 18.14 -0.02 2582 49

8591 (IX.N) oryx 119.93 0.50 3414 62

(Top 50 by market capitalization, converted to 142.33 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (11th)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

9107 (KAIKY) Kawasaki Kisen 15.08 2146 274 14.64

5020 (JXHLY) ENEOS 11.27 802 80.8 11.20

6857 (ATEYY) ADVANTEST 43.00 6120 357 6.19

9503 (KAEPY) Kansai Electric Power 8.85 2519 132 5.53

9984 (SFTBY) SoftBank G 29.13 8292 418 5.31

“Top 5 ADR Decline Rate Stocks” (11th)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

7182 (JPPTY) Japan Post Bank 8.25 1174 -139.5 -10.62

8750 (DLICY) Dai-ichi Life HD 22.80 3245 -351 -9.76

4523 (ESAIY) Eisai Co 10.09 5744 -56 -0.97

2587 (STBFY) Suntory Foods 19.14 5448 0 0.00

4911 (SSDOY) Shiseido 21.95 3124 3 0.10

“US Stock Market Overview” (11th)

NYDOW

Closing price: 40861.71 compared to the previous day: 124.75

Opening Price: 40638.76 High Price: 40903.68 Low Price: 39993.07

Year-to-date high: 41563.08 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 17395.53 compared to the previous day: 369.65

Opening Price: 17061.41 High Price: 17420.23 Low Price: 16787.84

Year-to-date high: 18647.45 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5554.13 compared to the previous day: 58.61

Opening Price: 5496.42 High Price: 5560.41 Low Price: 5406.96

Year-to-date high: 5667.20 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 3.961% US 10-year government bonds 3.653%

The US stock market rose. The Dow average closed at 40,861.71 dollars, which rose 124.75 dollars, and the Nasdaq closed at 17,395.53, which rose 369.65 points.

The core index of the August Consumer Price Index (CPI) unexpectedly accelerated, and buying, which was expected to cut interest rates, retreated, and then fell after falling. Sales that were wary of the risk of government office closure at the end of September also further depressed the market price, and continued to drop drastically. After that, Solomon, Chief Executive Officer (CEO) of the financial Goldman Sachs Group (GS), expressed an optimistic view on the economy at an event hosted by the company that he was still anticipating a soft landing, and the Dow narrowed the decline due to a pick-up in the financial sector. The NASDAQ was supported by semiconductors such as NVDA (NVDA), etc., and turned upward to support the overall market price. Towards the end of the game, the Dow also recovered to the positive zone and ended. By sector, while semiconductors/manufacturing equipment, and software/services rose, household and personal goods declined.

The semiconductor NVIDIA (NVDA) rose because CEO Fan mentioned at an event that demand for the company's products was excessively strong, leading to heightened tension between customers, and emphasized the strength of demand. The solar cell module manufacturing company, First Solar (FSLR) received a presidential candidate debate held on the evening of the 10th, and increased expectations for sales growth due to the view that the Democratic Party had the upper hand.

The exchange Coinbase (COIN) declined in connection with crypto assets promoted by Republican candidate Trump. Williams Sonoma (WSM), a retailer that handles cooking-related supplies, etc., has risen due to analysts' investment decisions raised. Children's clothing retailer Children's Place Retail Stores (PLCE) recorded an unexpected surplus in quarterly financial results and rose. Sales of Game Stop (GME), a game sales and retail company, have dropped drastically, and are drastically low.

The VIX Index, which shows investors' fears, fell to 17.55.

(Horiko Capital Management LLC)