On the Chicago Nikkei futures (CME) (7th)

DEC24

O 39820 (in dollars).

H 40025

L 38940

C 39085 -285 (Tokyo Stock Exchange -285, Evening +165)

Volume 6369

DEC24

O 39635 (yen basis)

H 39855

L 38755

C 38915 TSE -455 (evening -5)

Vol 23984

The overview of American depositary receipts (ADR) (7th)

In the ADR market, compared to the Tokyo Stock Exchange (converted at 1 dollar to 148.15 yen), Yucho Bank <7182>, Murata Manufacturing <6981>, Sony <6758>, Marubeni <8002>, MS&AD Insurance Group Holdings <8725>, Mitsubishi Corporation <8058>, Denso <6902>, etc., declined, with general selling pressure prevailing.

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

7203 (TM.N) Toyota Motor Corporation 177.32 -2.70 2627 -18.5

8306 (MUFG.N) Mitsubishi UFJFG 10.37 0.00 1536 5

8035 (TOELY) Tokyo Electric Power Company 86.37 -1.47 25591 -59

6758 (SONY.N) Sony Corporation 95.66 0.81 2834 -46.5

9432 (NTTYY) Nippon Telegraph and Telephone Corporation 25.05 -0.04 148 -1.6

8058 (MTSUY) Mitsubishi Corporation 20.51 -0.49 3039 -47

6501 (HTHIY) Hitachi Ltd Sponsored ADR 52.21 0.14 3867 -37

9983 (FRCOY) First Resources Limited 33.60 -0.39 49778 -672

9984 (SFTBY) SoftBank Group 29.20 -0.66 8652 -93

4063 (SHECY) Shin-Etsu Chemical 20.52 -0.22 6080 -62

8001 (ITOCY) Itochu Corporation 106.89 -1.68 7918 -73

8316 (SMFG.N) Mitsubishi UFJ Financial Group 12.98 0.09 3205 -2

8031 (MITSY) Mitsui & Co. 459.71 -7.84 3405 -37

6098 (RCRUY) Recruit Holdings 12.56 0.27 9300 -139

4568 (DSNKY) Daiichi Sankyo 32.88 -0.36 4871 -26

9433 (KDDIY) KDDI Corporation 15.88 0.10 4705 -35

7974 (NTDOY) Nintendo 13.58 0.34 8048 -39

8766 (TKOMY) Tokio Marine Holdings 38.95 0.14 5770 -27

7267 (HMC.N) Honda Motor Co., Ltd. 32.07 -0.53 1584 -18

2914 (JAPAY) Japan Tobacco Inc 14.52 0.01 4302 -31

6902 (DNZOY) Denso Corp 14.49 -0.19 2147 -33

4519 (CHGCY) Chugai Pharmaceutical Co., Ltd. 23.14 -0.49 6856 -52

4661 (OLCLY) Orlen 25.32 -0.12 3751 -35

8411 (MFG.N) Mizuho Financial Group, Inc. 4.27 0.08 3163 48

6367 (DKILY)　　Daikin Industries 　 　13.69　-0.04 　 　 　 20282 　 　 -118

4502 (TAK.N)　　Takeda Pharmaceuticals sp adr 　 　14.33　-0.10 　 　 　　4246 　 　　-22

7741 (HOCPY)　　Hoya 　 　 　 　 139.35 　0.81 　 　 　 20645 　 　　-50

6503 (MIELY)　　Mitsubishi Electric Corp. Unsponsored adr 　 　 　 32.82　-0.57 　 　 　　2431 　 　　-30

6981 (MRAAY)　　Murata Manufacturing Co. Ltd. unsponsored adr 　 　 　 9.45　-0.18 　 　 　　2800 　 　　-51

7751 (CAJPY)　　Canon Inc. unsponsored adr 　 　 　 32.77　-0.42 　 　 　　4855 　 　　-46

6273 (SMCAY)　　SMC 　 　 　 　 　22.43　-0.52 　 　 　 66460 　 　 -350

7182 (JPPTY)　　Japan Post Bank Co., Ltd. unsponsored adr 　 　 8.35　-0.30 　 　 　　1237 　 　 -164

6146 (DSCSY) Disco 25.10 -2.20 37186 -34

3382 (SVNDY) Seven & I Holdings 14.95 0.05 2214 -8

8053 (SSUMY) Sumitomo Corporation 22.91 -0.39 3394 -30

6702 (FJTSY) Fujitsu 20.27 -0.39 3003 -22

6201 (TYIDY) Toyota Industries 78.72 0.21 11663 -17

5108 (BRDCY) Bridgestone 19.09 -0.20 5656 -61

6178 (JPPHY) Japan Post 10.00 0.00 1482 66

8002 (MARUY) Marubeni 167.32 -0.95 2479 -40

6723 (RNECY) Renesas 7.31 -0.04 2166 -3.5

6954 (FANUY) Fanuc 14.23 -0.01 4216 -49

8725 (MSADY) MS&AD Insurance Holdings 23.40 0.03 3467 -55

8801 (MTSFY) Mitsui Fudosan 28.10 -0.50 1388 -17

6301 (KMTUY) Komatsu 28.10 0.16 4163 -13

4901 (FUJIY) Fujifilm 12.62 -0.13 3739 -31

6594 (NJDCY) Nidec 10.35 -0.20 3067 -31

6857 (ATEYY) Advantest 48.50 0.20 7185 -6

4543 (TRUMY) Terumo 19.25 0.04 2852 8.5

8591 (IX.N) Orix 114.34 -1.52 3388 -12

(Ranked in the top 50 in market capitalization, equivalent to 1 dollar 148.15 yen)

Top 5 ADR increases (7 days)

Code Company Name Closing Price Japanese Yen Conversion Rate Japanese Closing Price Ratio (%)

9107 (KAIKY) Kawasaki Kisen 15.08 2234 183.5 8.95

5020 (JXHLY) ENEOS 12.15 900 61.1 7.28

2801 (KIKOY) Kikkoman 24.10 1785 91 5.37

6178 (JPPHY) Japan Post 10.00 1482 66 4.66

8830 (MITEY) Sumitomo Realty 17.00 5037 166 3.41

Top 5 ADR declines (7 days)

Code Company Name Closing Price Japanese Yen Conversion Rate Japanese Closing Price Ratio (%)

7182 (JPPTY) Japan Post Bank 8.35 1237 -164 -11.71

8750 (DLICY) Dai-ichi Life Holdings 24.20 3585 -388 -9.77

5802 (SMTOY) Sumitomo Electric Industries 15.84 2347 -77 -3.18

7270 (FUJHY) Subaru 8.70 2578 -51.5 -1.96

6981 (MRAAY) 　　TDK Corporation 　 　 9.45 　 　 　　2800 　 　　-51 -1.79

US stock market overview (7 days)

NYDOW

Closing Price: 41,954.24 Day-on-day Change: -398.51

Opening Price: 42,289.51 High: 42,293.64 Low: 41,831.74

Year-to-Date High: 42352.75 Year-to-Date Low: 37266.67

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

NASDAQ

Closing Price: 17,923.90 Day-on-Day Change: -213.94

Opening Price: 18,080.12 High: 18,096.33 Low: 17,900.04

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: 5,695.94 Day-on-Day Change: -55.13

Opening Price: 5,737.80 High: 5,739.34 Low: 5,686.85

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

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

USA 30-year Treasury bond 4.305% USA 10-year Treasury bond 4.027%

US stock market fell. The Dow Jones Industrial Average closed at 41,954.24, down 398.51 points, while the Nasdaq ended trading at 17,923.90, down 213.95 points.

It has been a year since the attack by Hamas, Israel's Prime Minister announced the continuation of the attack, increasing concerns about the worsening Middle East situation. After opening, the market declined. Additionally, Nasdaq was sold off due to the rise in long-term interest rates, leading to a soft market throughout the day. Concerns grew about a newly intensifying hurricane leading to economic turmoil, resulting in a further decline towards the end of the day and closing lower. By sector, semiconductors, manufacturing equipment, and energy rose, while insurance saw a significant decline.

Pharmaceutical company Pfizer (PFE) saw a rise after activist investor Starboard revealed a $1 billion stake in the company. Hims & Hers Health (HIMS), an online pharmaceutical services provider, rose after Standard & Poor's (S&P) announced the inclusion of its stock in the S&P SmallCap 600 Index. However, Apple (AAPL), Amazon (AMZN), and Netflix (NFLX) experienced declines due to investment downgrades by analysts.

Insurance companies Allstate (ALL) and Progressive (PGR) were sold off as Hurricane 'Milton,' following 'Helene,' intensified to Category 5, raising concerns of significant damage. Disney (DIS) in the entertainment sector also saw sales due to concerns over potential revenue loss from the closure of theme parks caused by a major hurricane. Alphabet (GOOG), which operates Google search, fell after a judge ordered the opening of Android's app store to competition.

Minneapolis Federal Reserve President Kashkari reiterated in a speech that the risk balance had shifted from inflation to unemployment.

(Horiko Capital Management LLC)