The Japanese stocks of American Depositary Receipts (ADR), compared to the Tokyo Stock Exchange (based on an exchange rate of 157.88 yen per dollar), saw gains in Japan Post Holdings <6178>, Toyota Industries <6201>, Mitsubishi UFJ Financial Group <8306>, Tokyo Electron <8035>, Mitsubishi Corporation <8058>, and Denso <6902>, while Japan Post Bank <7182>, Japan Tobacco Inc <2914>, Nidec Corporation <6594>, Toyota Motor <7203>, Bridgestone Corporation Unsponsored ADR <5108>, and Honda Motor Co., Ltd. <7267> declined, resulting in mixed overall performance. The clearing value of Chicago Nikkei 225 Futures was 39,700 yen, an increase of 210 yen compared to the day session in Osaka.
The US stock market was mixed. The Dow Jones Industrial Average rose by 28.77 points to close at 43,325.80, while the Nasdaq fell by 10.77 points to 20,020.36. A surprising decrease in unemployment insurance claims led to selling due to concerns over rising long-term interest rates, causing a decline after the market opened. With little market movement following the Christmas holiday, buying interest in anticipation of a year-end Christmas rally supported lower prices. Later, as the number of continuing unemployment insurance beneficiaries reached a three-year high and a strong result from the 7-year bond auction caused interest rates to decline, buying intensified toward the end, allowing the Dow to barely recover to positive territory. The Nasdaq, however, could not sustain buying and ended mixed.
In the New York foreign exchange market on the 26th, the dollar-yen rate rose from 157.60 to 158.08, closing at 157.99. The unexpected decrease in new unemployment insurance claims in the US last week confirmed the robustness of the labor market and supported expectations for a slowdown in next year's rate cuts, continuing the dollar buying in tandem with rising long-term interest rates. Subsequently, the dollar struggled as interest rates turned lower following strong results from the 7-year bond auction. The Bank of Japan Governor Ueda suggested continuing easing measures until the 2% price target is achieved, leading to ongoing selling of the yen. The euro-dollar rose from 1.0395 to 1.0430 and closed at 1.0421.
New York crude oil futures for February were weak (NYMEX crude oil February futures closing price: 69.62 ↓0.48).
■ Top rising ADR stocks (26th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison | Rate of change |
<8830> | sumitomo realty | 16.93 dollars | 5346 yen (463 yen) | +9.48% |
<6178> | Japan Post Holdings | 9.86 dollars | 1556 yen (62.5 yen) | +4.18% |
<6201> | Toyota Automatic Loom Works | 82.08 dollars | 12959 yen (249 yen) | +1.96% |
<7532> | Pan Pacific International Holdings Corporation | 27.58 dollars | 4354 yen (75 yen) | +1.75% |
<8306> | Mitsubishi UFJ Financial Group | 11.64 dollars | 1839 yen (28 yen) | +1.55% |
■ADR declining stocks (26th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison | Rate of change |
<7182> | Japan Post Bank | 8.7 dollars | 1374 yen (-106 yen) | -7.16% |
<5020> | ENEOS | 9.99 dollars | 789 yen (-39.7 yen) | -4.79% |
<7259> | Aisin Seiki | 10.88 dollars | 1718 yen (-64.5 yen) | -3.62% |
<6752> | Panasonic | 10 dollars | 1579 yen (-50 yen) | -3.07% |
<9503> | kansai electric power co inc | 5.33 dollars | 1683 yen (-34 yen) | -1.98% |
■Other ADR stocks (26th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison |
<2914> | Japan Tobacco Inc | 12.95 dollars | 4089 yen (-43 yen) |
<3382> | Seven & i Holdings Co., Ltd. | 15.49 dollars | 2446 yen (-6.5 yen) |
<4063> | Shin-Etsu Chemical Co., Ltd. | 16.55 dollars | 5226 yen (-11 yen) |
<4502> | Takeda Pharmaceuticals sp adr | 13.14 dollars | 4149 yen (14 yen) |
<4519> | Chugai Pharmaceutical Co., Ltd. | 21.95 dollars | 6931 yen (-15 yen) |
<4543> | Terumo | 19.45 dollars | 3071 yen (2 yen) |
<4568> | Daiichi Sankyo Company | 27.43 dollars | 4,331 yen (10 yen) |
<4661> | Orient Land | 21.5 dollars | 3,394 yen (-7 yen) |
<4901> | FUJIFILM | 10.35 dollars | 3268 yen (-3 yen) |
<5108> | Bridgestone Corporation Unsponsored ADR | 16.85 dollars | 5321 yen (-35 yen) |
<6098> | Recruit Holdings | 14.22 dollars | 11225 yen (-15 yen) |
<6146> | Disco | 27.2 dollars | 42943 yen (173 yen) |
<6178> | Japan Post Holdings | 9.86 dollars | 1556 yen (62.5 yen) |
<6201> | Toyota Automatic Loom Works | 82.08 dollars | 12959 yen (249 yen) |
<6273> | SMC | 19.73 dollars | 62,299 yen (-31 yen) |
<6301> | komatsu | 27.45 dollars | 4,334 yen (8 yen) |
<6367> | Daikin Industries, Ltd. unsponsored adr | 11.58 dollars | 18,283 yen (-32 yen) |
<6501> | Hitachi Ltd Sponsored ADR | 50.34 dollars | 3,974 yen (16 yen) |
<6503> | Mitsubishi Electric Corp. | 33.94 dollars | 2679 yen (-1 yen) |
<6594> | Nidec | 4.28 dollars | 2703 yen (-27 yen) |
<6702> | Fujitsu | 17.44 dollars | 2753 yen (5 yen) |
<6723> | Renesas | 6.42 dollars | 2027 yen (1 yen) |
<6758> | Sony | 21.18 dollars | 3344 yen (-6 yen) |
<6857> | Advantest | 57.9 dollars | 9141 yen (46 yen) |
<6902> | DENSO | 13.84 dollars | 2185 yen (14.5 yen) |
<6954> | ファナック | 13.04 dollars | 4118 yen (2 yen) |
<6981> | Murata Manufacturing Co., Ltd. | 7.86 dollars | 2482 yen (-5 yen) |
<7182> | Japan Post Bank | 8.7 dollars | 1374 yen (-106 yen) |
<7203> | toyota motor | 197.36 dollars | 3116 yen (-26 yen) |
<7267> | HONDA MOTOR CO., LTD. | 28.37 dollars | 1493 yen (-7 yen) |
<7741> | HOYA | 126.16 dollars | 19918 yen (33 yen) |
<7751> | Canon Inc - sponsored ADR | 32.87 dollars | 5190 yen (-24 yen) |
<7974> | Nintendo Co Ltd | 14.64 dollars | 9245 yen (-15 yen) |
<8001> | Itochu Corporation | 98.5 dollars | 7776 yen (8 yen) |
<8002> | Marubeni | 149.62 dollars | 2362 yen (11 yen) |
<8031> | Mitsui & Co., Ltd. | 413.54 dollars | 3264 yen (-6 yen) |
<8035> | Tokyo Electron | 76.14 dollars | 24042 yen (212 yen) |
<8053> | Sumitomo Corporation | 21.47 dollars | 3390 yen (11 yen) |
<8058> | Mitsubishi Corporation | 16.35 dollars | 2,581 yen (21 yen) |
<8306> | Mitsubishi UFJ Financial Group | 11.64 dollars | 1839 yen (28 yen) |
<8316> | Sumitomo Mitsui Financial Group | 14.27 dollars | 3,755 yen (13 yen) |
<8411> | Mizuho Financial Group | 4.9 dollars | 3,868 yen (5 yen) |
<8591> | orix | 106.57 dollars | 3365 yen (2 yen) |
<8725> | MS&AD Insurance Holdings | 21.75 dollars | 3434 yen (1 yen) |
<8766> | Tokio Marine Holdings, Inc. | 35.8 dollars | 5652 yen (1 yen) |
<8801> | Mitsui Fudosan | 23.9 dollars | 1258 yen (2.5 yen) |
<9432> | NTT | 24.56 dollars | 155 yen (-0.3 yen) |
<9433> | kddi corporation | 15.74 dollars | 4970 yen (-7 yen) |
<9983> | Fast Retailing | 33.67 dollars | 53,158 yen (-92 yen) |
<9984> | SoftBank Group | 28.88 dollars | 9,119 yen (10 yen) |