ADR (American Depositary Receipt) Japanese stocks such as Hitachi Ltd Sponsored ADR <6501>, Japan Post Bank <7182>, Japan Post Holdings Co Ltd <6178>, KDDI Corporation <9433>, Nidec Corporation <6594>, Toyota Motor <7203>, Komatsu <6301>, etc. all declined in comparison to the Tokyo Stock Exchange (equivalent to $153.31). Overall, there was a preference for selling. Chicago Nikkei 225 futures settlement price was $195 lower at ¥39,295 compared to Osaka daytime prices.

The US stock market declined. The Dow Jones Industrial Average closed the trading session with a loss of 91.51 points at 42,141.54, while the Nasdaq ended trading down by 104.82 points at 18,607.93. The decline of the heavy equipment manufacturer, Caterpillar (CAT), weighed on the Dow, resulting in mixed performance after the opening bell. Stronger-than-expected private sector employment data and a robust GDP growth figure for the domestic economy in the July-September quarter fueled market optimism towards a soft landing scenario. However, concerns over rising long-term interest rates and weakness in the semiconductor sector led to a suppression of gains and subsequent deceleration, turning the market downwards towards the end.

In the New York foreign exchange market on the 30th, the dollar-yen rate rose to ¥153.49 before falling back to ¥152.87 and finally closed at ¥153.36. The unexpected acceleration in the US October ADP employment statistics pushed the dollar higher, as it reached its highest level since last July, leading to a dominance of dollar buying following a retracement of rate cut expectations. Subsequently, the preliminary GDP figure for the US July-September quarter decelerated more than expected from the previous period, causing a shift towards dollar selling. However, the existing home sales contract index exceeded expectations, and coupled with the interest rate trends in the UK following the budget proposal, long-term interest rates rose again, halting the decline. The euro-dollar rate fell to $1.0808 before rising to $1.0871 and closing at $1.0858. After the dollar strengthened in response to the US ADP employment data, Germany avoided an unexpected economic downturn, and the October Consumer Price Index accelerated more than expected, in addition to the GDP in the Eurozone surpassing expectations, prompting a euro buyback after the retreat of additional ECB rate cut speculations.

NY Crude Oil futures for December rose (NYMEX Crude Oil December futures closing price: $68.61, up $1.40).

Top ADR gainers (30th)

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

Sumitomo Realty & Development Co Ltd A-Reit ETF $17, 5213 yen (+591 yen), up 12.79%.

Kawasaki Kisen Kaisha, Ltd $15.08, 2312 yen (+228 yen), up 10.94%.

<6857> Advantest 60.8 dollars 9321 yen (726 yen) +8.45%

<4503> Astellas Pharma 12.3 dollars 1886 yen (97 yen) +5.42%

<9104> Mitsui OSK Lines 17.3 dollars 5305 yen (239 yen) +4.72%

Bottom performing ADRs (30 days):

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

<6501> Hitachi Ltd sponsored adr 48.15 dollars 3691 yen (-456 yen) -11%

<8750> Dai-ichi Life Holdings 22.8 dollars 3495 yen (-365 yen) -9.46%

<7182> Japan Post Bank 8.2 dollars 1257 yen (-125.5 yen) -9.08%

<6971> Kyocera $10.52 1613 yen (-$143) -8.14%

<7259> Aisin Seiki $10.13 1553 yen (-$136) -8.05%

■ Other ADR stocks (30 days)

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

<2914> Japan Tobacco Inc $13.77 4222 yen (-$38)

<3382> Seven & i Holdings Co. $14.46 2217 yen (-$11.5)

<4063> Shin-Etsu Chemical Co. $18.41 5645 yen (-$35)

<4502> Takeda Pharmaceuticals SP ADR $13.89 4259 yen ($8)

<4519> Sino-Japanese Pharmaceuticals $23.91 7331 yen (-9 yen)

<4543> Terumo $19.38 2971 yen (-16.5 yen)

<4568> Daiichi Sankyo $32.71 5015 yen (2 yen)

<4661> Orienrando $23.77 3644 yen (-13 yen)

<4901> Fujifilm $12.06 3698 yen (-25 yen)

<5108> Bridgestone $17.73 5436 yen (-27 yen)

<6098> Recruit Holdings $12.31 9436 yen (-61 yen)

<6146> Disco $30 45993 yen (673 yen)

<6178> Japan Post $9 1380 yen (-$47)

<6201> Toyota Industries $76.57 11739 yen (+$129)

<6273> SMC $21.78 66782 yen (+$102)

<6301> Komatsu $26.03 3991 yen (-$37)

<6367> Daikin Industries $12.12 18581 yen (-$129)

<6501> Hitachi Ltd $48.15 3691 yen (-$456)

<6503> Mitsubishi Electric Corp. $30.97 2374 yen (-$14)

<6594> Nidec Corp $5.27 3232 yen (-$35)

Fuji 6702, Fujitsu, $19.38, 2971 yen (-9 yen)

Renesas 6723, Renesas Electronics Corporation, $7.23, 2217 yen (-4 yen)

Sony 6758, Sony Group Corp, $17.98, 2757 yen (7 yen)

Advantest 6857, Advantest Corporation, $60.8, 9321 yen (726 yen)

Denso 6902, Denso Corporation, $14.25, 2185 yen (-16.5 yen)

Fanuc 6954, Fanuc Corp, $13.41, 4112 yen (-5 yen)

Murata Manufacturing 6981, Murata Manufacturing Co Ltd, $8.9, 2729 yen (-24 yen)

Japan Post Bank 7182, Japan Post Bank Co Ltd, $8.2, 1257 yen (-125.5 yen)

Toyota Motor's stock price is $175.21 and ¥2686 (-¥25.5).

Honda Motor's stock price is $30.8 and ¥1574 (-¥3.5).

HOYA's stock price is $133.82 and ¥20516 (-¥9).

Canon's stock price is $33.12 and ¥5078 (-¥37).

Nintendo's stock price is $13.18 and ¥8083 (-¥9).

ITOCHU Corporation's stock price is $100.43 and ¥7698 (-¥29).

Marubeni Corporation's stock price is $153.69 and ¥2356 (-¥9).

Mitsui & Co., Ltd.'s stock price is $413.16 and ¥3167 (-¥27).

<8035> Tokyo Electric $77.9 23886 yen (-124 yen)

<8053> Sumitomo Corporation $21.63 3316 yen (-12 yen)

<8058> Mitsubishi Corporation $18.68 2864 yen (16.5 yen)

<8306> Mitsubishi UFJ Financial Group $10.56 1619 yen (-10 yen)

<8316> Mitsui Sumitomo Financial Group $12.77 3263 yen (-7 yen)

<8411> Mizuho Financial Group $4.23 3243 yen (20 yen)

<8591> Orix $106.46 3264 yen (-7 yen)

<8725> MS&AD Insurance Holdings $22.41 3436 yen (-30 yen)

Tokio Marine Holdings, Inc. at $36.31, ¥5567 (-¥4)

Mitsui Fudosan at $25.8, ¥1318 (-¥11)

NTT at $23.95, ¥147 (-¥0.7)

KDDI Corporation at $15.65, ¥4799 (-¥55)

Fast Retailing Co., Ltd. at $32.99, ¥50577 (-¥63)

SoftBank Group Corp. at $30.87, ¥9465 (-¥78)