Japanese stocks of American Depositary Receipts (ADRs) such as Japan Post Bank <7182>, Disco <6146>, Advantest <6857>, Renesas <6723>, Hitachi <6501>, Shin-Etsu Chemical <4063>, Murata Manufacturing <6981> etc fell in comparison to the Tokyo Stock Exchange (at a rate of 1 dollar to 142.21 yen), causing almost across-the-board declines. The Chicago Nikkei 225 futures settlement price was 2,400 yen lower at 37,450 yen compared to Osaka's daytime trading.

The U.S. stock market saw mixed results. The Dow Jones Industrial Average closed at 42,313.00, up 137.89 points, while the Nasdaq ended trading at 18,119.59, down 70.70 points. The inflation slowdown trend was confirmed with the August PCE Price Index, leading to an initial rise in stock prices. Observations of a significant interest rate cut due to a slower pace of inflation than expected supported the market, resulting in further gains. The University of Michigan's Consumer Sentiment Index exceeded expectations, pushing the Dow higher. Despite concerns over escalating tensions in the Middle East causing a slowdown towards the end of trading, record high levels were achieved. The Nasdaq was impacted by the decline of Nvidia (NVDA) in the semiconductor industry, leading to overall mixed results.

In the New York foreign exchange market on the 27th, the Dollar-Yen exchange rate fell from 143.21 to 142.07, closing at 142.15 due to expectations of a Fed's additional 0.5% interest rate cut following the slower than expected inflation in August, resulting in a prevalent selling of dollars amid declining long-term interest rates. The dollar's decline stopped after the final confirmation of the University of Michigan's Consumer Sentiment Index in September surpassing expectations. Continued buying of yen was seen following views of a hawkish stance by new Liberal Democratic Party leader in monetary policy. The Euro-Dollar rate rose to 1.1203 dollars before falling back to 1.1146 dollars, closing at 1.1164 dollars. The Euro faced selling pressure due to expectations of an additional rate cut by the European Central Bank by the end of the year.

On the 27th, NY crude oil futures for November showed strength (NYMEX crude oil November futures closing price: 68.18, up 0.51).

Top gainers among ADRs (as of the 27th):

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

Kansai Electric Power <9503> at $9.28 or 2639 yen (up 101.5 yen) +4%

Japan Post <6178> at $10 or 1422 yen (up 18 yen) +1.28%

<8411> Mizuho FG $4.01 2851 yen (+33 yen) +1.17%

<6201> Toyota Industries $82.91 11791 yen (+11 yen) +0.09%

<5401> Nippon Steel $7.58 3234 yen (-12 yen) -0.37%

■ADR Top Decliners (27th)

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

<8750> Dai-ichi Life HD $21.8 3100 yen (-634 yen) -16.98%

<7182> Japan Post Bank $7.95 1131 yen (-201.5 yen) -15.12%

<2801> Kikkoman $22 1564 yen (-186.5 yen) -10.65%

DISCO at $25.8, ¥36690 (-¥4010) -9.85%

ADVANTEST at $46.7, ¥6641 (-¥568) -7.88%

■Other ADR Stocks (27th)

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

Japan Tobacco Inc at $14.57, ¥4144 (-¥170)

Seven & i Holdings Co., Ltd at $14.99, ¥2132 (-¥85)

Shin-Etsu Chemical Co., Ltd. at $20.74, ¥5899 (-¥444)

Takeda Pharmaceuticals SP ADR at $14.54, ¥4135 (-¥28)

<4519> Chuogai Seiyaku $24.62 7002 yen (-337 yen)

<4543> Terumo $19.13 2720 yen (-134 yen)

<4568> Daiichi Sankyo $33.1 4707 yen (-160 yen)

<4661> Oriental Land $26.25 3733 yen (-119 yen)

<4901> Fujifilm $12.89 3666 yen (-190 yen)

<5108> Bridgestone $19.17 5452 yen (-242 yen)

<6098> Recruit Holdings $12.38 8803 yen (-505 yen)

<6146> Disco $25.8 36690 yen (-4010 yen)

<6178> Japan Post $10 1,422 yen (+18 yen)

<6201> Toyota Industries $82.91 11,791 yen (+11 yen)

<6273> SMC $22.22 63,198 yen (-4,092 yen)

<6301> Komatsu $27.32 3,885 yen (-199 yen)

<6367> Daikin Industries $13.79 19,611 yen (-939 yen)

<6501> Hitachi Ltd $52.55 3,737 yen (-287 yen)

<6503> Mitsubishi Electric Corp $32.67 2,323 yen (-134.5 yen)

<6594> Nidec $10.46 2,975 yen (-133 yen)

<6702> Fujitsu $20.2 2873 yen (-$151)

<6723> Renesas $7.13 2028 yen (-$171)

<6758> Sony $96.16 2735 yen (-$126)

<6857> Advantest $46.7 6641 yen (-$568)

<6902> Denso $14.94 2124 yen (-$131)

<6954> Fanuc Corp $14.76 4198 yen (-$243)

<6981> Murata Manufacturing $9.75 2773 yen (-$205)

<7182> Japan Post Bank $7.95 1131 yen (-$201.5)

<7203> Toyota Motor $182.82 2600 yen (-151.5 yen)

<7267> Honda Motor Co., Ltd. $32.22 1527 yen (-94.5 yen)

<7741> HOYA $137.71 19584 yen (-1256 yen)

<7751> Canon Inc-spons ADR $33.17 4717 yen (-259 yen)

<7974> Nintendo Co Ltd $13.53 7696 yen (-352 yen)

<8001> Itochu $105.35 7491 yen (-452 yen)

<8002> Marubeni $161 2290 yen (-137.5 yen)

<8031> Mitsui & Co Ltd $435.05 3093 yen (-176 yen)

<8035> Tokyo Electric Co., Ltd. $90.49 25737 yen (-$1738)

<8053> Sumitomo Corporation $22.45 3193 yen (-$136)

<8058> Mitsubishi Corporation $20.45 2909 yen (-$173)

<8306> Mitsubishi UFJ Financial Group $10.13 1441 yen (-$10)

<8316> Sumitomo Mitsui Financial Group $12.17 2884 yen (-$70.5)

<8411> Mizuho Financial Group $4.01 2851 yen (+$33)

<8591> Orix Corp. $119.5 3399 yen (-$67)

<8725> MS&AD Insurance Group Holdings, Inc. $22.59 3213 yen (-$146)

<8766> Tokio Marine Holdings at $35.9 and ¥5105 (-¥276)

<8801> Mitsui Fudosan at $29.8 and ¥1413 (-¥52.5)

<9432> NTT at $25.69 and ¥146 (-¥3.8)

<9433> KDDI at $16.54 and ¥4704 (-¥65)

<9983> Fast Retailing at $33.28 and ¥47327 (-¥1783)

<9984> SoftBank Group at $29.88 and ¥8498 (-¥595)