Japanese stocks of American Depositary Receipts (ADRs), when compared to the Tokyo Stock Exchange (at an exchange rate of 1 dollar to 152.98 yen), rose with Japan Post Holdings <6178>, KDDI Corporation <9433>, Mizuho Financial Group <8411>, Disco Corporation <6146>, Hoya Corporation <7741>, Nippon Electric Glass <6594>, Mitsui Fudosan Co., Ltd. <8801>, and others showing a general buying preference. The Chicago Nikkei 225 futures settlement price was 455 yen higher than the Osaka daytime comparison at 38,575 yen.

The U.S. stock market rebounded. The Dow Jones Industrial Average closed at 42,052.19, up 288.73 points, while the Nasdaq ended trading at 18,239.92, up 144.77 points. The market was bought into on expectations of interest rate cuts following the employment statistics, leading to an increase after the opening. Positive corporate earnings and new funds flowing in at the beginning of the month also supported the market, causing it to rise. Despite the rise in long-term interest rates, the gains of online retail Amazon (AMZN) and semiconductor Intel (INTC) provided support, leading the Nasdaq to perform well throughout the day and close positively.

In the New York foreign exchange market on the 1st, the dollar-yen pair fell to 151.80 yen, then rose to 153.09 yen, and closed at 152.98 yen. Following the October U.S. employment statistics, where the growth in non-farm payrolls fell below expectations, remaining at its lowest growth level since 2020, and with downward revisions to employment figures for the previous two months, the speculation of additional rate cuts intensified. This led to a decrease in bond yields and a boost in selling pressure on the dollar. Subsequently, the revised October Manufacturing PMI unexpectedly increased, and the Paying Price component of the October ISM Manufacturing Purchasing Managers' Index rose significantly. Furthermore, with a focus on next week's presidential election, long-term interest rates reversed course to rise, leading to increased buying of the dollar. Risk appetite favored selling the yen. The Euro-dollar pair rose to 1.0905 dollars, then fell to 1.0832 dollars, closing at 1.0835 dollars.

On the 1st, NY crude oil futures for December inched higher (NYMEX crude oil December contract closing price: 69.49, up 0.23).

Top ADR gainers (1st):

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

Sumitomo Realty & Development Co., Ltd. <8830> $16.93 5201 yen (597 yen) +12.97%

Kawasaki Kisen Kaisha, Ltd. <9107> $15.08 2307 yen (188 yen) +8.87%

<6178> Japan Post $9.69 1483 yen (¥75.5) +5.36%

<5802> Sumitomo Electric Industries $15.93 2437 yen (¥105) +4.5%

<8601> Daiwa Securities Group Inc. $6.78 1037 yen (¥34.5) +3.44%

■A-bottom performers (1 day)

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

<7182> Japan Post Bank $8.05 1231 yen (-¥135) -9.88%

<8750> Dai-ichi Life Holdings $23 3519 yen (-¥321) -8.36%

<5020> ENEOS $9.59 734 yen (-¥37.1) -4.81%

<7259> Aisin Seiki $10.13 1550 yen (-42.5 yen) -2.67%

<6981> Murata Manufacturing Co., Ltd. $8.54 2613 yen (-15.5 yen) -0.59%

■Other ADR Stocks (1 day)

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

<2914> Japan Tobacco Inc $13.58 4155 yen (30 yen)

<3382> Seven & i Holdings Co., Ltd. $14.2 2172 yen (12.5 yen)

<4063> Shin-Etsu Chemical Co., Ltd. $18.33 5608 yen (34 yen)

<4502> Takeda Pharmaceuticals SP ADR $13.96 4271 yen (1 yen)

<4519> Chugai Pharmaceutical $23.71 ¥7254 (+¥41)

<4543> Terumo $19.01 ¥2908 (+¥21.5)

<4568> Daiichi Sankyo $32.13 ¥4915 (+¥46)

<4661> Oriental Land $24.57 ¥3759 (+¥17)

<4901> Fujifilm $11.7 ¥3580 (+¥26)

<5108> Bridgestone $17.82 ¥5452 (+¥33)

<6098> Recruit Holdings $12.07 ¥9232 (+¥91)

<6146> DISCO $28.6 ¥43752 (+¥942)

<6178> Japan Post $9.69 1483 yen (75.5 yen)

<6201> Toyota Industries $67.3 10296 yen (91 yen)

<6273> SMC $21.43 65567 yen (807 yen)

<6301> Komatsu $26.39 4037 yen (41 yen)

<6367> Daikin Industries, Ltd. $12.08 18480 yen (80 yen)

<6501> Hitachi Ltd Sponsored ADR $48.8 3733 yen (54 yen)

<6503> Mitsubishi Electric Corp. Unsponsored ADR $35.9 2746 yen (20 yen)

<6594> Nidec Corp $5.03 3078 yen (61 yen)

<6702> Fujitsu $17.84 2729 yen (+34 yen)

<6723> Renesas $6.56 2007 yen (+15.5 yen)

<6758> Sony $17.73 2712 yen (+37.5 yen)

<6857> Advantest $57.9 8858 yen (+113 yen)

<6902> Denso $14.24 2178 yen (+22 yen)

<6954> Fanuc $13.38 4094 yen (+50 yen)

<6981> Murata Manufacturing $8.54 2613 yen (-15.5 yen)

<7182> Japan Post Bank $8.05 1231 yen (-135 yen)

<7203> Toyota Motor $172.83 2644 yen (28.5 yen)

<7267> Honda Motor Co., Ltd. $30.3 1545 yen (21 yen)

<7741> HOYA $136.67 20908 yen (423 yen)

<7751> Canon Inc-Spon ADR $32.38 4953 yen (46 yen)

<7974> Nintendo Co Ltd $13.07 7998 yen (35 yen)

<8001> Itochu Corporation $99.4 7603 yen (51 yen)

<8002> Marubeni Corp. $152.32 2330 yen (41.5 yen)

<8031> Mitsui & Co. Ltd. $417.31 3192 yen (38 yen)

<8035> Tokyo Electric 74.9 dollars 22916 yen (431 yen)

<8053> Sumitomo Corporation 21.14 dollars 3234 yen (45 yen)

<8058> Mitsubishi Corporation 18.18 dollars 2781 yen (34.5 yen)

<8306> Mitsubishi UFJ Financial Group 10.66 dollars 1631 yen (10.5 yen)

<8316> Sumitomo Mitsui Financial Group 12.85 dollars 3276 yen (37 yen)

<8411> Mizuho Financial Group 4.31 dollars 3297 yen (87 yen)

<8591> Orix Corporation 106.12 dollars 3247 yen (11 yen)

<8725> MS&AD Insurance Group Holdings 22.25 dollars 3404 yen (49 yen)

<8766> Tokio Marine Holdings at $36.1 and ¥5523 (+¥88)

<8801> Mitsui Fudosan at $26.3 and ¥1341 (+¥26)

<9432> NTT at $24.1 and ¥147 (-¥0.4)

<9433> KDDI at $16.03 and ¥4905 (+¥145)

<9983> First Retailing at $31.89 and ¥48785 (+¥645)

<9984> Softbank Group at $29.86 and ¥9136 (+¥172)