American Depositary Receipt (ADR) Japanese stocks, compared to the Tokyo Stock Exchange (converted at 1 dollar = 143.23 yen), companies such as Japan Post Bank <7182>, Mitsubishi Corporation <8058>, Chugai Pharmaceutical <4519>, Nippon Densan <6594>, Murata Manufacturing <6981>, Toyota Industries <6201>, Bridgestone <5108> etc. declined, with a slightly bearish tone overall. The clearing price of Chicago Nikkei 225 futures was 150 yen lower at 37,670 yen compared to the Osaka daytime market.

The U.S. stock market continued to rise. The Dow Jones Industrial Average closed at 42,208.22, up 83.57 points, while the Nasdaq ended trading at 18,074.52, up 100.25 points. Following the expectations of additional rate cuts within the year and China's economic stimulus measures, the global economic outlook improved. After the opening, there was an increase. However, as the September consumer confidence index fell short of estimates, optimism about the economy receded, resulting in selling pressure. Profit-taking selling was observed near historic highs for the Dow, causing its growth to stall. The Nasdaq, driven by demand for artificial intelligence (AI), showed strong buying interest in semiconductors such as Nvidia (NVDA), pushing the market higher and staying resilient. Towards the end of the session, the Dow also recovered into positive territory, updating record highs daily before closing.

In the New York foreign exchange market on the 24th, the Dollar-Yen pair rose to 144.20 yen, then fell to 143.11 yen before closing at 143.17 yen. The yen weakened due to diminished expectations of an early additional rate hike in Japan, as well as an unexpected improvement in the Chicago Fed National Activity Index for August and comments by Bowman, an FRB official, who opposed a significant rate cut by the Federal Open Market Committee (FOMC), citing inflation risks. This led to a rise in U.S. bond yields and a preference for buying the dollar. Subsequently, as the September consumer confidence index and the September Richmond Fed Manufacturing Index fell below expectations, long-term interest rates declined, causing an acceleration in dollar selling. Following lackluster results from the U.S. 2-year bond auction, dollar selling also eased. The Euro-Dollar pair rose from 1.1130 to 1.1179 before closing at 1.1178.

NY crude oil futures for November moved steadily (NYMEX crude oil November futures closing price: $71.56, up $1.19).

Top ADR gainers on the 24th

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

<5020> ENEOS $11.88, 851 yen (55.9 yen) +7.03%

<6857> Advantest $45.9, 6574 yen (259 yen) +4.1%

<8411> Mizuho FG $4.11 2943 yen (¥73) +2.54%

<6178> Japan Post $10 1432 yen (¥28) +1.99%

<4911> Shiseido Company,Limited Sponsored ADR $25.12 3598 yen (¥38) +1.07%

Top ADR decliners on the 24th

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

<8750> Dai-ichi Life HD $22.4 3208 yen (-¥478) -12.97%

<7182> Japan Post Bank $7.95 1139 yen (-¥169.5) -12.95%

<2801> Kikkoman $22 1576 yen (-¥91) -5.46%

<9107> Kawasaki Kisen 15.08 dollars 2160 yen (-46 yen) -2.09%

<6752> Panasonic 8.57 dollars 1227 yen (-20.5 yen) -1.64%

Other ADR stocks on the 24th

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

<2914> Japan Tobacco Inc 14.51 dollars 4157 yen (-13 yen)

<3382> Seven & i Holdings Co Ltd 14.86 dollars 2128 yen (-11 yen)

<4063> Shin-Etsu Chemical Co Ltd 20.44 dollars 5855 yen (-21 yen)

<4502> Takeda Pharmaceuticals Sp Adr 14.8 dollars 4240 yen (-18 yen)

<4519> IDAC Pharmaceuticals at $24.54, 7030 yen (-66 yen).

<4543> Terumo at $19.07, 2731 yen (4 yen).

<4568> Daiichi Sankyo at $33.07, 4737 yen (3 yen).

<4661> Orienlando at $26.65, 3817 yen (-8 yen).

<4901> Fujifilm at $13.17, 3773 yen (-1 yen).

<5108> Bridgestone at $19.24, 5511 yen (-29 yen).

<6098> Recruit Holdings at $12.89, 9231 yen (7 yen).

<6146> Disco at $25, 35808 yen (148 yen).

<6178> Japan Post 10 dollars 1432 yen (+28 yen)

<6201> Toyota Industries 77.13 dollars 11047 yen (-68 yen)

<6273> SMC 21.3 dollars 61016 yen (-24 yen)

<6301> Komatsu 27.23 dollars 3900 yen (+5 yen)

<6367> Daikin Industries 12.67 dollars 18147 yen (-83 yen)

<6501> Hitachi Ltd 53.69 dollars 3845 yen (-11 yen)

<6503> Mitsubishi Electric Corp. Unsponsored ADR 31.7 dollars 2270 yen (-6.5 yen)

<6594> Nidec Corp 10.43 dollars 5976 yen (-56 yen)

Fuji 32 Fujitsu $20.47 2932 yen (-5 yen)

Renesas 72 $7.04 2017 yen (-1 yen)

Sony Group Corp 95.56 dollars 13687 yen (-68 yen)

Advantest 57 $45.9 6574 yen (259 yen)

Denso $14.8 2120 yen (-10.5 yen)

Fanuc Corp 13.74 dollars 3936 yen (-15 yen)

Murata Manufacturing Co., Ltd. $9.71 2782 yen (-22 yen)

Japan Post Bank 7.95 dollars 1139 yen (-169.5 yen)

<7203> toyota motor 183.53 dollars 2629 yen (12 yen)

<7267> honda motor co., ltd. 32.74 dollars 1563 yen (2 yen)

<7741> hoya 139.71 dollars 20011 yen (-59 yen)

<7751> canon inc-spons adr 33.35 dollars 4777 yen (-20 yen)

<7974> nintendo co ltd 13.4 dollars 7677 yen (-39 yen)

<8001> itochu corporation 107.89 dollars 7727 yen (-31 yen)

<8002> marubeni corp 163.32 dollars 2339 yen (-2 yen)

<8031> mitsui & co., ltd. 432.23 dollars 3095 yen (-4 yen)

<8035> Tokyo Electric at $84.11, ¥24,094 (¥74)

<8053> Sumitomo Corporation at $22.81, ¥3,267 (¥2)

<8058> Mitsubishi Corporation at $20.44, ¥2,928 (-¥32.5)

<8306> Mitsubishi UFJ Financial Group at $10.36, ¥1,484 (¥1.5)

<8316> Mitsui Sumitomo Financial Group at $12.77, ¥9,145 (¥11)

<8411> Mizuho Financial Group at $4.11, ¥2,943 (¥73)

<8591> Orix at $119.04, ¥3,410 (¥16)

<8725> MS&AD Insurance Group Holdings at $23.64, ¥3,386 (-¥12)

<8766> Tokio Marine Holdings, $37.9, 5428 yen (-$17)

<8801> Mitsui Fudosan, $28.9, 1380 yen (-$1)

<9432> NTT, $26.12, 150 yen (no change)

<9433> KDDI, $16.79, 4810 yen (-$12)

<9983> Fast Retailing, $33.35, 47767 yen (-$163)

<9984> Softbank Group, $30.35, 8694 yen (+18)