Chicago Nikkei futures (CME) (30th)

DEC24

O 37600 (in USD)

H 38615

L 37535

C 38265 TOCOM +335 (Evening +55)

Vol 8126

DEC24

O 37445 (in yen)

H 38460

L 37355

C 38115, +185 on TSE (evening comparison -95)

Volume 27246

Overview of American Depositary Receipts (ADR) (30th)

In the ADR market, compared to the Tokyo Stock Exchange (calculated at 1 dollar to 143.61 yen), Japan Post <6178>, Mizuho Financial Group <8411>, SMC <6273>, Mitsubishi Estate <8801>, Tokyo Electron <8035>, Toyota Motor <7203>, Advantest <6857>, among others, rose, with general buying dominance.

Code　　Company Name　　　　　Closing Price　Change from Previous Day　Price in JPY　Comparison to Japanese Price

7203 (TM.N) Toyota Motor 178.57 -4.25 2564 21.5

8306 (MUFG.N) Mitsubishi UFJFG 10.18 0.05 1462 8.5

8035 (TOELY) Tokyo Electron 88.83 -1.66 25514 224

6758 (SONY.N) Sony 96.57 0.41 2774 -3.5

9432 (NTTYY) NTT 25.58 -0.11 147 0.2

8058 (MTSUY) Mitsubishi Corporation 20.56 0.11 2953 0.5

6501 (HTHIY) Hitachi Ltd Sponsored ADR 53.00 0.45 3806 25

9983 (FRCOY) First Retailing 33.10 -0.18 47535 115

SoftBank G, ticker symbol 9984 (SFTBY), is trading at 29.51, down 0.37, with 8476 shares traded.

Shin-Etsu Chemical Industry, ticker symbol 4063 (SHECY), is trading at 20.82, up 0.08, with 5980 shares traded.

Itochu Corporation, ticker symbol 8001 (ITOCY), is trading at 107.40, up 2.05, with 7712 shares traded.

Mitsui Sumitomo Financial Group, ticker symbol 8316 (SMFG.N), is trading at 12.63, up 0.46, with 3023 shares traded, down 22 points.

Mitsui & Co., Ltd., ticker symbol 8031 (MITSY), is trading at 444.16, up 9.11, with 3189 shares traded.

Recruit Holdings, ticker symbol 6098 (RCRUY), is trading at 12.13, down 0.25, with 8710 shares traded.

Daiichi Sankyo, ticker symbol 4568 (DSNKY), is trading at 32.92, down 0.18, with 4728 shares traded.

KDDI Corporation, ticker symbol 9433 (KDDIY), is trading at 15.92, down 0.62, with 4573 shares traded, down 21 points.

7974 (NTDOY) Nintendo 13.32 -0.21 7652 16

8766 (TKOMY) Tokio Marine Holdings 36.65 0.75 5263 32

7267 (HMC.N) Honda Motor Co., Ltd. sponsored adr 31.73 -0.49 1519 11.5

2914 (JAPAY) Japan Tobacco Inc 14.55 -0.02 4179 0

6902 (DNZOY) Denso 14.84 -0.10 2131 5.5

4519 (CHGCY) Chugai Pharmaceuticals 24.09 -0.53 6919 -13

4661 (OLCLY) Orient Land Co., Ltd. 25.69 -0.56 3689 -9

8411 (MFG.N) Mizuho Financial Group 4.18 0.17 3001 65

6367 (DKILY) Daikin Industries 13.99 0.20 20091 16

4502 (TAK.N) Takeda Pharmaceutical Industries 14.22 -0.32 4084 -19

7741 (HOCPY) HOYA 138.40 0.69 19876 91

6503 (MIELY) Mitsubishi Electric Corp. Unsponsored ADR 32.27 -0.40 2317 13.5

6981 (MRAAY) Murata Manufacturing Co Ltd 9.83 0.08 2823 16.5

7751 (CAJPY) Canon Inc 32.90 -0.27 4725 22

6273 (SMCAY) SMC 22.40 0.18 64337 687

7182 (JPPTY) Japan Post Bank Co Ltd 8.20 0.25 1178 -160

6146 (DSCSY) Disco 26.30 0.50 37769 279

3382 (SVNDY) Seven & i Holdings 14.97 -0.02 2150 3

8053 (SSUMY) Sumitomo Corporation 22.37 -0.08 3213 19

6702 (FJTSY) Fujitsu 20.50 0.30 2944 8.5

6201 (TYIDY) Toyoda Automatic Loom Works 76.60 -6.31 11001 -24

5108 (BRDCY) Bridgestone 19.26 0.09 5532 32

6178 (JPPHY) Japan Post 10.00 0.00 1436 70

8002 (MARUY) Marubeni 163.06 2.06 2342 2

6723 (RNECY) Renesas 7.23 0.10 2077 -2

6954 (FANUY) Fanuc 14.61 -0.15 4196 6

8725 (MSADY) MS&AD Insurance Holdings 23.08 0.49 3315 -15

8801 (MTSFY) Mitsui Fudosan 28.20 -1.60 1350 12

6301 (KMTUY) Komatsu 27.73 0.41 3982 16

4901 (FUJIY) Fujifilm 12.86 -0.03 3694 6

6594 (NJDCY) Nippon Denso 10.50 0.04 3016 10

6857 (ATEYY) Advantest 47.30 0.60 6793 52

4543 (TRUMY) Terumo 18.72 -0.41 2688 -12

8591 (IX.N) Orix 116.05 -3.45 3333 15

(Ranked in the top 50 based on market capitalization, converted at 1 dollar to 143.61 yen)

"Top 5 ADRs by increase rate" (30-day)

コード 　 　 　 銘柄名 　 　 　 　 終値 日本円換算価格 日本終値比 （％）

6988 (NDEKY) Nitto Denko 45.05 2588 199.5 8.35

6178 (JPPHY) Japan Post 10.00 1436 70 5.12

7259 (ASEKY) Aisin Seiki 33.94 1625 48 3.04

8411 (MFG.N) Mizuho Financial Group 4.18 3001 65 2.21

7532 (DQJCY) Panasonic HD 26.20 3763 68 1.84

"Top 5 ADRs by decrease rate" (30-day)

コード 　 　 　 銘柄名 　 　 　 　 終値 日本円換算価格 日本終値比 （％）

7182 (JPPTY) Japan Post Bank 8.20 1178 -160 -11.96

8750 (DLICY) Dai-ichi Life Holdings 22.60 3246 -436 -11.84

5020 (JXHLY) ENEOS 10.30 740 -38.7 -4.97

2801 (KIKOY) Kikkoman 22.00 1580 -48 -2.95

9735 (SOMLY) Secom 17.98 5164 -130 -2.46

"Overview of the US stock market" (30-day)

NYDOW

Closing Price: 42330.15 Change from Previous Day: 17.15

Opening Price: 42289.75 High: 42347.66 Low: 41929.07

Year-to-Date High: 42330.15 Year-to-Date Low: 37266.67

Previous Year High: 37,710.10, Previous Year Low: 31,819.14

NASDAQ

Closing Price: 18189.17, Change from Previous Day: 69.58

Opening Price: 18069.83, High: 18198.16, Low: 17997.56

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

Previous Year High: 15,099.18, Previous Year Low: 10,305.24

S&P 500

Closing Price: 5762.48, Change from Previous Day: 24.31

Opening Price: 5726.52, High: 5765.14, Low: 5703.53

Year-to-Date High: 5762.48, Year-to-Date Low: 4688.68

Previous Year High: 4,783.35, Previous Year Low: 3,808.10

The yield on 30-year US Treasury bonds is 4.116%, while the yield on 10-year US Treasury bonds is 3.781%.

The US stock market rose. The Dow Jones Industrial Average closed the trading session at 42,330.15, up 17.15 points, while the Nasdaq ended at 18,189.17, up 69.58 points.

Ahead of Federal Reserve Chair Powell's speech, cautious sentiment strengthened, leading to mixed trading after the opening bell. The September Chicago Purchasing Managers Index unexpectedly improved, leading to predominant buying, but a slight suggestion of a rate cut by Chair Powell led to a temporary sharp turn to selling due to disappointment. While the Nasdaq showed aversion to rising long-term interest rates, the uptrend in Apple's mobile devices provided support, pushing the market back into positive territory towards the end. At the end of the month, amid optimistic views on the economy and expectations of a soft landing due to Chair Powell's positive outlook, buying sentiment prevailed, resulting in a late-day rise in the Dow to set new all-time highs for consecutive days. In terms of sectors, technology hardware and equipment saw increases, while materials experienced declines.

CVS Health, managing drug stores, received favorable reports of a meeting with outspoken investor Glenview Capital Management regarding business improvement measures, resulting in an increase. Apple, in the mobile device sector, was bought up as analysts took an optimistic view of improving demand trends based on the time from the initial orders to delivery of the new 'Pro' model of the iPhone, which was initially showing signs of weak demand.

Carnival, operating cruise ships, fell due to a lower-than-expected outlook for the fourth quarter. Satellite communications infrastructure company, SATS, under the EchoStar umbrella, declined as it agreed to sell its subsidiary, Dish Network, to DIRECTV.

Chair Powell indicated that if economic indicators align as expected, the total rate cut by the year-end would likely be 0.5%.

(Horiko Capital Management LLC)