[NYDow・Nasdaq・CME (table)] NYDOW: 38,571.03, -115.29 Nasdaq: 16,828.67, +93.65 CME225: 38,650, -290 (compared to TSE) [NY market data] On May 3, the NY market was mixed. The Dow ended trading at 38,571.03, down 115.29 dollars, while the Nasdaq closed up 93.65 points at 16,828.67. The ISM manufacturing index for May unexpectedly declined, and prices paid also fell, which was bought on expectations of interest rate cuts and rose after the opening. However, the Dow turned to selling throughout the day as concerns about a slowdown in economic growth emerged and remained sluggish. On the other hand, the Nasdaq remained solidly supported by purchases due to the recovery of NVIDIA in the semiconductor industry and the anticipation of lower interest rates, and closed mixed. By sector, semiconductors and semiconductor manufacturing equipment, pharmaceuticals and biotechs rose, while energy declined. The Chicago Nikkei 225 futures settlement value was 38,650 yen, down 290 yen from the Osaka daytime session. In the ADR market, Yucho Bank <7182>, Japan Post <6178>, Recruit HD <6098>, Fujifilm <4901>, Mitsui Fudosan <8801>, Terumo <4543>, Komatsu Manufacturing <6301>, etc. fell, and selling was dominant overall.

The NY market on the 30th fell. The Dow Jones Industrial Average closed at 42,141.54, down 91.51 points, and the Nasdaq ended trading at 18,607.93, down 104.82 points. Heavy equipment maker Caterpillar (CAT) weighed on the Dow, leading to mixed trading after the opening. The private sector employment statistics exceeded expectations, and the domestic gross domestic product (GDP) for the July-September quarter also showed a subdued but still strong growth from the previous quarter, raising hopes of a soft landing. However, concerns arose over the rise in long-term interest rates, and the semiconductor sector weakened, capping gains and stalling. The market turned lower towards the end. By sector, media & entertainment and durable consumer goods & clothing rose, while semiconductors & semiconductor manufacturing equipment, technology hardware & equipment declined. The Chicago Nikkei 225 futures settlement price was down 195 yen from Osaka daytime trading to 39,295 yen. In the ADR market, compared to the Tokyo Stock Exchange (converted at 153.31 yen to the US dollar), Hitachi Ltd Sponsored ADR<6501>, Yucho Bank<7182>, Japan Post<6178>, KDDI Corporation<9433>, Nippon Electric<6594>, Toyota Motor<7203>, Komatsu<6301>, etc. all declined, with selling prevailing across the board.

Nasdaq; 18,607.93; -104.82

CME225; 39,295; -195 (compared to TSE)

[NY market data]

The NY market on the 30th fell. The Dow Jones Industrial Average closed at $42,141.54, down 91.51, and the Nasdaq closed at 18,607.93, down 104.82. The decline was attributed to Caterpillar's (CAT) drop, causing mixed trading after the opening. The private sector employment statistics exceeded estimates, and the GDP for July-September also showed a continued robust growth despite a slowing trend from the previous quarter, leading to an upward market sentiment on expectations of a soft landing. However, concerns over rising long-term interest rates and weakness in the semiconductor sector restrained the upside, leading to a loss of momentum towards the end and closing in negative territory. By sector, Media & Entertainment and durable consumer goods & clothing saw gains, while semiconductors & semiconductor manufacturing equipment, technology hardware & equipment declined. The Chicago Nikkei 225 futures closed 195 yen lower at 39,295 in comparison to Osaka daytime trading. In the ADR market, Hitachi Ltd Sponsored ADR<6501>, Japan Post Bank<7182>, Japan Post Holdings<6178>, KDDI Corporation<9433>, Nidec Corp<6594>, Toyota Motor Corp<7203>, and Komatsu Ltd<6301>, among others, experienced declines, leading to an overall selling bias.