ADR (American Depositary Receipt) Japanese stocks, compared to TSE (at an exchange rate of 1 dollar = 140.91 yen), Japan Post <6178>, Mizuho Financial Group <8411>, SoftBank Group <9984>, Toyota Industries <6201>, Sumitomo Mitsui Financial Group <8316>, Mitsubishi UFJ Financial Group <8306>, Orix <8591>, etc. rose, while Japan Post Bank <7182>, Seven & I Holdings <3382>, Murata Manufacturing <6981>, Shin-Etsu Chemical <4063>, Marubeni <8002>, Bridgestone <5108>, Fujifilm <4901> and others fell, overall mixed. Chicago Nikkei 225 futures settlement price was 70 yen lower at 36,220 yen compared to Osaka daytime trading.

The US stock market continued to rise. The Dow Jones Industrial Average closed at 41,393.78, up 297.01 points, while the Nasdaq closed at 17,683.98, up 114.30 points. The buying prompted by expectations of a rate cut continued after the opening and rose. September Michigan Consumer Confidence improved more than expected, leading to increased buying expectations of a soft landing and further gains. Expectations of a more aggressive pace of rate cuts following statements from former Federal Reserve officials and the rise of semiconductor Nvidia (NVDA) further supported the market, leading to an expansion of gains in the late session.

In the New York foreign exchange market on the 13th, the dollar-yen fell from 141.02 yen to 140.29 yen, then stabilized and closed at 140.91 yen. The US August import price index slowed more than expected, and speculation arose that the Federal Reserve would cut interest rates by 0.5% at the September Federal Open Market Committee (FOMC) meeting, leading to a predominance of dollar selling due to the decline in long-term interest rates. Afterwards, the US September University of Michigan Consumer Confidence Index and the 5-10 year expected inflation rate of the same index exceeded expectations, causing the dollar selling to recede. The euro-dollar rose to 1.1102 dollars, then fell to 1.1073 dollars and closed at 1.1074 dollars. European Central Bank (ECB) President Lagarde did not rule out the possibility of additional rate cuts in October depending on the situation, but hinted that it is more likely to occur in December.

On the 13th, NY crude oil futures for the October contract struggled to rise (NYMEX crude oil October contract closing price: 68.65, down 0.32).

Top ADR gainers on the 13th:

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

<9107> Kawasaki Kisen Kaisha: $15.08, 2,125 yen (+157 yen), up 7.98%

<5020> ENEOS: $11.19, 788 yen (+52.8 yen), up 7.18%

<9503> Kansai Electric Power $8.89 2505 yen (+123.5 yen) +5.19%

<6178> Japan Post $10 1409 yen (+49 yen) +3.6%

<4755> Rakuten $6.86 967 yen (+20.2 yen) +2.13%

Top ADR decliners on the 13th:

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

<7182> Yucho Bank $8.1 1141 yen (-160 yen) -12.3%

<8750> Dai-Ichi Life Holdings $22.6 3185 yen (-404 yen) -11.26%

<3382> Seven & I Holdings $14.9 2100 yen (-68 yen) -3.14%

<2801> Kikkoman $22 1550 yen (-46.5 yen) -2.91%

<6981> Murata Manufacturing $9.58 2700 yen (-26.5 yen) -0.97%

Other ADR stocks on the 13th:

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

<2914> Japan Tobacco Inc $14.46 4075 yen (-19 yen)

<3382> Seven & I Holdings Co Ltd $14.9 2100 yen (-68 yen)

<4063> Shin-Etsu Chemical Co Ltd $20.08 5659 yen (-47 yen)

<4502> Takeda Pharmaceuticals SP ADR $14.7 4143 yen (6 yen)

<4519> Chugai Pharmaceutical $23.73 ¥6688 (-32 yen)

<4543> Terumo $18.48 ¥2604 (+16 yen)

<4568> Dainippon Sumitomo $36.38 ¥5126 (-9 yen)

<4661> Orient Land $27.35 ¥3854 (+9 yen)

<4901> Fujifilm $13.4 ¥3776 (-27 yen)

<5108> Bridgestone $18.7 ¥5270 (-38 yen)

<6098> Recruit Holdings $12.29 ¥8659 (-10 yen)

<6146> Disco $24.9 ¥35087 (-213 yen)

<6178> Japan Post $10 1409 yen (49 yen)

<6201> Toyota Industries $76.18 10735 yen (90 yen)

<6273> SMC $20.99 59154 yen (-226 yen)

<6301> Komatsu $26.25 3699 yen (-17 yen)

<6367> Daikin Industries $12.26 17276 yen (1 yen)

<6501> Hitachi $48.7 3431 yen (0 yen)

<6503> Mitsubishi Electric $32.65 2300 yen (-14 yen)

<6594> Nidec $10 5636 yen (9 yen)

<6702> Fujitsu $20.29 2859 yen (-4.5 yen)

<6723> Renesas $7.48 2108 yen (2 yen)

<6758> Sony $93.44 13167 yen (62 yen)

<6857> Advantest $45.3 6383 yen (8 yen)

<6902> Denso $14.27 2011 yen (-12 yen)

<6954> Fanuc $13.59 3830 yen (-26 yen)

<6981> Murata Manufacturing $9.58 2700 yen (-26.5 yen)

<7182> Japan Post Bank $8.1 1141 yen (-160 yen)

<7203> Toyota Motor Corp $175.39 2471 yen (+16 yen)

<7267> Honda Motor Co., Ltd $31.47 1478 yen (+6 yen)

<7741> HOYA $134.88 19006 yen (-79 yen)

<7751> Canon Inc $33.46 4715 yen (-4 yen)

<7974> Nintendo Co Ltd $13.36 7530 yen (-53 yen)

<8001> Itochu Corporation $103.85 7317 yen (-8 yen)

<8002> Marubeni Corporation $157.43 2218 yen (-16.5 yen)

<8031> Mitsui & Co Ltd $411.48 2899 yen (+7.5 yen)

<8035> Tokyo Electric $84.33 23766 yen (+86 yen)

<8053> Sumitomo Corporation $22.44 3162 yen (+6 yen)

<8058> Mitsubishi Corporation $20.05 2825 yen (-9.5 yen)

<8306> Mitsubishi UFJ Financial Group $10.37 1461 yen (+10 yen)

<8316> Mitsui Sumitomo Financial Group $12.84 9046 yen (+64 yen)

<8411> Mizuho Financial Group $4.05 2853 yen (+39.5 yen)

<8591> Orix Corporation $121.79 3432 yen (+23 yen)

<8725> MS&AD Insurance Holdings $22.45 3163 yen (-18 yen)

<8766> Tokyo Marine HD $36.01 ¥5074 (+¥1)

<8801> Mitsui Fudosan $29.6 ¥1390 (-¥6.5)

<9432> NTT $26.33 ¥148 (-¥0.8)

<9433> KDDI $17 ¥4791 (+¥28)

<9983> First Retail $30.98 ¥43654 (-¥246)

<9984> SoftBank G $30.23 ¥8519 (+¥90)