In comparison to the Tokyo Stock Exchange (1 US dollar equivalent to 143.57 yen), ADR (American Depositary Receipt) Japanese stocks such as Mizuho Financial Group <8411>, Toyoda Automatic Loom Works <6201>, Terumo <4543>, Hitachi <6501>, Tokio Marine Holdings <8766>, Sumitomo Corporation <8053>, Mitsui & Co. <8031>, etc., have risen, with overall buying dominance. Chicago Nikkei 225 Futures settlement price was 585 yen higher than Osaka's daytime trading, at 38,115 yen.

The US stock market rose. The Dow Jones Industrial Average closed at 42,124.65, up 61.29 points, while the Nasdaq ended trading at 17,974.27, up 25.95 points. It was bought on expectations of further interest rate cuts by the end of the year, leading to an increase after the opening. Following the better-than-expected September service industry PMI data, the rise in long-term interest rates led to a temporary slowdown in the market. However, due to buying expectations for a soft landing and comments from Federal Reserve Board (FRB) officials hinting at not ruling out significant additional rate cuts, the downside was limited. The market recovered towards the end, maintaining a positive trend, and the Dow updated previous record highs for consecutive days before closing.

On the 23rd in the New York foreign exchange market, the dollar-yen pair rose to 144.34 yen, then fell to 143.28 yen, closing at 143.60 yen. This was due to the unexpected improvement in the August Chicago Fed National Activity Index and the September service industry PMI preliminary data exceeding expectations, leading to a rise in long-term interest rates and a dominant dollar buying trend. Subsequently, comments from Federal Reserve Board (FRB) officials regarding additional interest rate cuts by the end of the year caused the long-term interest rates to decline, resulting in a retreat in dollar buying. The Euro-dollar pair rose from 1.1108 dollars to 1.1144 dollars, closing at 1.1112 dollars.

NY crude oil futures for November showed weakness (NYMEX crude oil November futures closing price: 70.37, down 0.63).

Top-performing ADR stocks (23rd):

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

<8267> Aeon at 29.3 dollars, 4207 yen (199 yen), up 4.97%.

<6988> Nippon Electric Glass at 44.51 dollars, 12781 yen (591 yen), up 4.85%.

<4307> Nomura Research Institute, Inc. $37.45 5377 yen (212 yen) +4.1%

<8411> Mizuho Financial Group, Inc. $4.16 2986 yen (95.5 yen) +3.3%

<8309> Sumitomo Mitsui Trust Holdings, Inc. $4.98 3575 yen (109 yen) +3.14%

ADR stocks with the largest declines (23rd):

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

<7182> Japan Post Bank Co., Ltd. $8.15 1170 yen (-152.5 yen) -11.53%

<8750> Dai-ichi Life Holdings, Inc. $23 3302 yen (-339 yen) -9.31%

<9503> Kansai Electric Power Co., Inc. $7.58 2177 yen (-172 yen) -7.32%

ENEOS at $10.21, ¥733 (-¥55.9) -7.09%

Daiichi Sankyo at $33.48, ¥4,807 (-¥137) -2.77%

Other ADR stocks (23rd):

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

Japan Tobacco Inc at $14.32, ¥4,112 (+¥18)

Seven & i Holdings Co at $15.05, ¥2,161 (+¥9.5)

Shin-Etsu Chemical Co at $20.6, ¥5,915 (+¥53)

Takeda Pharmaceuticals at $14.89, ¥4,276 (+¥1)

<4519> Chugai Pharmaceutical $24.18 6943 yen (+94 yen)

<4543> Terumo $19.2 2757 yen (+74.5 yen)

<4568> Daiichi Sankyo $33.48 4807 yen (-137 yen)

<4661> Oriental Land $27.58 3960 yen (+50 yen)

<4901> Fujifilm $13.25 3805 yen (+43 yen)

<5108> Bridgestone $19.4 5571 yen (+47 yen)

<6098> Recruit Holdings $13.1 9404 yen (+139 yen)

<6146> Disco $25.5 36610 yen (+320 yen)

Japan Post <6178> 10 dollars 1436 yen (+12 yen)

Toyota Textile Machinery <6201> 79.59 dollars 11427 yen (+317 yen)

SMC <6273> 21.28 dollars 61103 yen (+623 yen)

Komatsu <6301> 27.14 dollars 3896 yen (+42 yen)

Daikin Industries, Ltd. Unsponsored ADR <6367> 12.64 dollars 18147 yen (+187 yen)

Hitachi Ltd Sponsored ADR <6501> 52.37 dollars 3759 yen (+87 yen)

Mitsubishi Electric Corp. Unsponsored ADR <6503> 32.15 dollars 2308 yen (+31.5 yen)

Nidec Corp. <6594> 10.24 dollars 5881 yen (+4 yen)

<6702> Fujitsu $20.46 2937 yen (+34.5 yen)

<6723> Renesas $7.38 2119 yen (+0.5 yen)

<6758> Sony $94.21 13,526 yen (+161 yen)

<6857> Advantest $44.6 6403 yen (+108 yen)

<6902> Denso $15 2154 yen (+34.5 yen)

<6954> Fanuc $13.99 4017 yen (+52 yen)

<6981> Murata Manufacturing $9.63 2765 yen (+16 yen)

<7182> Japan Post Bank $8.15 1170 yen (-152.5 yen)

<7203> Toyota Motor $185.4 2662 yen (+28 yen)

<7267> Honda Motor Co., Ltd. $32.95 1577 yen (+20.5 yen)

<7741> HOYA $139.22 19988 yen (+253 yen)

<7751> Canon Inc-spons ADR $33.31 4782 yen (+53 yen)

<7974> Nintendo Co Ltd $13.39 7690 yen (+20 yen)

<8001> ITOCHU Corp $108.34 7777 yen (+126 yen)

<8002> Marubeni Corp $163.06 2341 yen (+39.5 yen)

<8031> Mitsui & Co Ltd $433.24 3110 yen (+59 yen)

Tokyo Electric Co., Ltd. is at $85.47, ¥24,542 (+¥297).

Sumitomo Corp. is at $23.09, ¥3,315 (+¥66).

Mitsubishi Corp. is at $20.62, ¥2,961 (+¥8.5).

Mitsubishi UFJ Financial Group, Inc. is at $10.49, ¥1,506 (+¥24).

Mitsui Sumitomo Financial Group, Inc. is at $12.9, ¥9,260 (+¥148).

Mizuho Financial Group, Inc. is at $4.16, ¥2,986 (+¥95.5).

Orix Corporation is at $120.15, ¥3,450 (+¥53).

MS&AD Insurance Group Holdings, Inc. is at $23.55, ¥3,381 (+¥43).

<8766> Tokio Marine Holdings Co., Ltd. $37.47 5380 yen (121 yen)

<8801> Mitsui Fudosan Co., Ltd. $29.1 1393 yen (21.5 yen)

<9432> NTT $26.17 150 yen (0.2 yen)

<9433> KDDI Corporation $16.75 4810 yen (6 yen)

<9983> Fast Retailing Co. $33.71 48397 yen (587 yen)

<9984> SoftBank Group Corp. $30.29 8697 yen (134 yen)