In the ADR market, Japanese stocks such as Tokyo Electron <8035>, Advantest <6857>, Disco <6146>, SoftBank Group <9984>, and Mitsui & Co. <8031> all rose compared to the Tokyo Stock Exchange, while Japan Post Bank <7182>, Sony <6758>, Japan Post Holdings <6178>, Seven & i Holdings <3382>, and Japan Tobacco Inc <2914> declined, resulting in mixed overall performance. The Chicago Nikkei 225 futures settlement price closed at 38,615 yen, up 145 yen from the Osaka daytime comparison.

The U.S. stock market had mixed performance. The Dow Jones Industrial Average closed at 44,782.00, down 128.65 points, while the Nasdaq closed at 19,403.95, up 185.78 points. With important economic indicators such as employment statistics scheduled for release this week, adjustments intensified, resulting in a mixed start after the opening bell. The Dow faced caution due to rising long-term interest rates, geopolitical risks in the Middle East, and the prospect of a collapse of the French cabinet through a vote of no confidence, leading to a soft performance throughout the day. The Nasdaq was supported by the tech sector and traded steadily, breaking previous record highs. The market closed with mixed results.

On the 2nd in the New York foreign exchange market, the dollar-yen exchange rate rose to 150.35 yen, then fell to 149.08 yen before closing at 149.56 yen. A strong result exceeding expectations in U.S. November ISM manufacturing sentiment, October construction spending, and revised November manufacturing PMI led to a rise in long-term interest rates, making the dollar dominant. However, due to expectations of the Bank of Japan's early additional rate hikes, buying of the yen, as well as increased yen buying related to cross-yen transactions, led to the decline. Federal Reserve Board Governor Waller's statement leaning toward additional rate cuts at the Federal Open Market Committee (FOMC) meeting in December strengthened selling pressure on the dollar. The euro-dollar pair fell from 1.0514 dollars to 1.0461 dollars and closed at 1.0499 dollars. Speculation about the passage of the budget and a possible resolution of a vote of no confidence in the French cabinet, along with the European Central Bank (ECB) being nearly certain to announce additional rate cuts at its regular board meeting next week, accelerated euro selling.

NY crude oil futures for January were mixed (NYMEX crude oil January futures closing price: $68.10, up $0.10).

■ Top ADR Stock Price Increases (2nd)

Stock Code Symbol Name Closing Price (USD) Japanese Yen Conversion Price Japan Closing Price Comparison Rise and Fall Rate

<8830> Sumitomo Realty $17 5084 yen (410 yen) +8.77%

<7259> Aisin Seiki $11.4 1705 yen (109 yen) +6.83%

<9107> Kawasaki Kisen Kaisha, Ltd. at $13.68 and ¥2046 (+¥34) up by 1.69%.

<8035> Tokyo Electron Ltd. at $80.37 and ¥24037 (+¥397) up by 1.68%.

<6857> Advantest at $57.1 and ¥8539 (+¥118) up by 1.4%.

■ADR Bottom Performing Stocks (2nd Day)

Stock Code Symbol Name Closing Price (USD) Japanese Yen Conversion Price Japan Closing Price Comparison Rise and Fall Rate

<7182> Japan Post Bank Co., Ltd. at $9 and ¥1346 (-¥118) down by 8.06%.

<8750> Dai-ichi Life Holdings, Inc. at $26.6 and ¥3978 (-¥327) down by 7.6%.

<8601> Nomura Holdings, Inc. at $6.56 and ¥981 (-¥45.5) down by 4.43%.

ENEOS at $10.48 and 784 yen (-35.7 yen) down 4.36%.

Kansai Electrical Utilities at $6.56 and 1962 yen (-33.5 yen) down 1.68%.

■qitabankuai ADR stocks (2nd day)

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

Japan Tobacco Inc at $14.04 and 4199 yen (-22 yen)

Seven & i Holdings Co. Ltd. at $17.31 and 2589 yen (-17 yen)

Shin-Etsu Chemicals at $18.55 and 5548 yen (2 yen)

Takeda Pharmaceuticals SP ADR at $13.86 and 4145 yen (26 yen)

<4519> Chugai Pharmaceutical $22.05 6595 yen (-?$10)

<4543> Terumo $20.49 3064 yen (-?$4)

<4568> Daiichi Sankyo $32.56 4869 yen (-?$2)

<4661> Oriental Land $23.36 3493 yen (+?$5)

<4901> Fujifilm $11.33 3389 yen (-?$14)

<5108> Bridgestone Corporation Unsponsored ADR $17.91 5357 yen (+?1 yen)

<6098> Recruit Holdings Inc $14.22 10632 yen (+?12 yen)

<6146> Disco $28 41871 yen (+?541 yen)

<6178> Japan Post $10.26 1534 yen (-11 yen)

<6201> Toyota Industries $75.72 11323 yen (68 yen)

<6273> SMC $21.57 64512 yen (-78 yen)

<6301> Komatsu $27.2 4067 yen (1 yen)

<6367> Daikin Industries $12.12 18124 yen (-46 yen)

<6501> Hitachi $52.65 3937 yen (-9 yen)

<6503> Mitsubishi Electric $34.22 2559 yen (-9.5 yen)

<6594> Nidec $4.63 2769 yen (20.5 yen)

＜6702＞ Fujitsu $19.07 2852 yen (-$11)

＜6723＞ Renesas $6.8 2032 yen (+$14.5)

＜6758＞ Sony $20.01 2992 yen (-$22)

＜6857＞ Advantest $57.1 8539 yen (+$118)

＜6902＞ Denso $14.47 2164 yen (-$3.5)

＜6954＞ FANUC $13.1 3918 yen (-$12)

＜6981＞ Murata Manufacturing $8.32 2488 yen (-$6.5)

＜7182＞ Japan Post Bank $9 1346 yen (-$118)

<7203> Toyota Motor $175.81 2629 yen (+18 yen)

<7267> Honda Motor Co. $26.06 1299 yen (-3 yen)

<7741> HOYA $131.05 19597 yen (+72 yen)

<7751> Canon Inc-Spons ADR $32.74 4896 yen (-8 yen)

<7974> Nintendo Co Ltd $14.74 8817 yen (-38 yen)

<8001> Itochu Corporation $100.32 7501 yen (-1 yen)

<8002> Marubeni Corporation $152.56 2281 yen (-1 yen)

<8031> Mitsui & Co Ltd $431 3223 yen (+26 yen)

<8035> Tokyo Electric 80.37 dollars 24037 yen (+397 yen)

<8053> Sumitomo Corporation 21.82 dollars 3263 yen (-1 yen)

<8058> Mitsubishi Corporation 17.15 dollars 2565 yen (0 yen)

<8306> Mitsubishi UFJ Financial Group 12.15 dollars 1817 yen (-9.5 yen)

<8316> Mitsui Sumitomo Financial Group 15.27 dollars 3806 yen (-17 yen)

<8411> Mizuho Financial Group 5.21 dollars 3896 yen (+17 yen)

<8591> Orix 114.2 dollars 3415 yen (-4 yen)

<8725> MS&AD Insurance Holdings 22.91 dollars 3426 yen (-12 yen)

<8766> Tokio Marine Holdings $38.48 5754 yen (+45 yen)

<8801> Mitsui Fudosan $25.4 1266 yen (+0 yen)

<9432> NTT $25.97 155 yen (-0.2 yen)

<9433> KDDI $16.52 4941 yen (-16 yen)

<9983> Fast Retailing $33.87 50649 yen (+219 yen)

<9984> SoftBank Group $30.04 8984 yen (+78 yen)