Japanese stocks of ADRs (American Depositary Receipt) saw increases in comparison to the Tokyo Stock Exchange (calculated at 157.16 yen per dollar), with Honda Motor Co <7267>, Japan Post <6178>, Toyota Industries <6201>, Tokyo Electron <8035>, Advantest <6857>, Disco <6146>, Hitachi Ltd Sponsored ADR <6501>, etc., showing strong buying interest overall. The clearing price for Chicago Nikkei 225 Futures was up 115 yen compared to Osaka's daytime rate at 39,305 yen.
The US stock market continued to rise. The Dow Jones Industrial Average increased by 66.69 points to 42,906.95, while the Nasdaq ended trading up 192.29 points at 19,764.88. Due to concerns about the decline in consumer confidence index, trading was mixed shortly after the opening. The Dow fell following a rise in long-term interest rates amidst decreasing expectations of rapid rate cuts by the Federal Reserve (FRB). The Nasdaq showed resilience amidst buying in technology stocks expected from the Santa Claus rally, widening its increase towards the end and boosting the overall market. With participation limited prior to the Christmas holiday, the Dow also recovered into positive territory by the close.
In the New York forex market on the 23rd, the dollar-yen rate rose to 157.27 yen, then fell to 156.98 yen, and closed at 157.15 yen. The US economy is performing well, with ongoing dollar buying as long-term interest rates rose due to a slowdown in the FRB's rate cut pace. However, following US November new home sales that fell short of expectations and a surprising decline in the US December consumer confidence index, growth stagnated. The euro-dollar fell to 1.0384, then rose to 1.0418, closing at 1.0406.
NY crude oil futures for February showed weakness (NYMEX crude oil February settlement price: 69.24 ↓0.22).
■ Top Gainers of ADR on the 23rd
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison | Rate of change |
<7267> | HONDA MOTOR CO., LTD. | 26.93 dollars | 1411 yen (134.5 yen) | +10.54% |
<5020> | ENEOS | 11.35 dollars | 892 yen (72.5 yen) | +8.85% |
<9107> | Kawasaki Kisen Kaisha | 14.1 dollars | 2216 yen (113.5 yen) | +5.4% |
<9503> | kansai electric power co inc | 5.56 dollars | 1,748 yen (68.5 yen) | +4.08% |
<6178> | Japan Post Holdings | 9.86 dollars | 1549 yen (40 yen) | +2.65% |
■Stocks with the lowest ADR decline rate (23rd)
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 | 1367 yen (-94 yen) | -6.43% |
<7259> | Aisin Seiki | 10.72 dollars | 1685 yen (-64.5 yen) | -3.69% |
<2801> | Kikkoman | 22 dollars | 1729 yen (-21 yen) | -1.2% |
<6594> | Nidec | 4.32 dollars | 2716 yen (-26.5 yen) | -0.97% |
<7201> | Nissan Motor Co. | 5.68 dollars | 446 yen (-4 yen) | -0.89% |
Other ADR stocks (23rd):
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison |
<2914> | Japan Tobacco Inc | 13.13 dollars | 4127 yen (4 yen) |
<3382> | Seven & i Holdings Co., Ltd. | 15.43 dollars | 2425 yen (5.5 yen) |
<4063> | Shin-Etsu Chemical Co., Ltd. | 16.32 dollars | 5130 yen (14 yen) |
<4502> | Takeda Pharmaceuticals sp adr | 13.17 dollars | 4140 yen (18 yen) |
<4519> | Chugai Pharmaceutical Co., Ltd. | 21.98 dollars | 6909 yen (27 yen) |
<4543> | Terumo | 19.46 dollars | 3058 yen (-1 yen) |
<4568> | Daiichi Sankyo Company | 28 dollars | 4400 yen (19 yen) |
<4661> | Orient Land | 21.29 dollars | 3346 yen (-17 yen) |
<4901> | FUJIFILM | 10.41 dollars | 3272 yen (-2 yen) |
<5108> | Bridgestone Corporation Unsponsored ADR | 16.97 dollars | 5334 yen (42 yen) |
<6098> | Recruit Holdings | 14.27 dollars | 11,213 yen (-17 yen) |
<6146> | Disco | 27.3 dollars | 42,905 yen (405 yen) |
<6178> | Japan Post Holdings | 9.86 dollars | 1549 yen (40 yen) |
<6201> | Toyota Automatic Loom Works | 75.93 dollars | 11933 yen (163 yen) |
<6273> | SMC | 19.69 dollars | 61,890 yen (-290 yen) |
<6301> | komatsu | 26.78 dollars | 4,209 yen (1 yen) |
<6367> | Daikin Industries, Ltd. unsponsored adr | 11.18 dollars | 17,570 yen (-30 yen) |
<6501> | Hitachi Ltd Sponsored ADR | 49.72 dollars | 3,907 yen (36 yen) |
<6503> | Mitsubishi Electric Corp. | 34.01 dollars | 2673 yen (13 yen) |
<6594> | Nidec | 4.32 dollars | 2716 yen (-26.5 yen) |
<6702> | Fujitsu | 17.85 dollars | 2805 yen (-4 yen) |
<6723> | Renesas | 6.48 dollars | 2037 yen (-13.5 yen) |
<6758> | Sony | 21.16 dollars | 3326 yen (25 yen) |
<6857> | Advantest | 57.9 dollars | 9100 yen (100 yen) |
<6902> | DENSO | 13.13 dollars | 2064 yen (-5 yen) |
<6954> | ファナック | 12.81 dollars | 4026 yen (-18 yen) |
<6981> | Murata Manufacturing Co., Ltd. | 7.89 dollars | 2480 yen (0 yen) |
<7182> | Japan Post Bank | 8.7 dollars | 1367 yen (-94 yen) |
<7203> | toyota motor | 180.53 dollars | 2837 yen (0 yen) |
<7267> | HONDA MOTOR CO., LTD. | 26.93 dollars | 1411 yen (134.5 yen) |
<7741> | HOYA | 126.38 dollars | 19862 yen (47 yen) |
<7751> | Canon Inc - sponsored ADR | 33 dollars | 5186 yen (-7 yen) |
<7974> | Nintendo Co Ltd | 14.65 dollars | 9210 yen (39 yen) |
<8001> | Itochu Corporation | 97.03 dollars | 7625 yen (13 yen) |
<8002> | Marubeni | 144.63 dollars | 2273 yen (-11 yen) |
<8031> | Mitsui & Co., Ltd. | 410 dollars | 3222 yen (5 yen) |
<8035> | Tokyo Electron | 75.98 dollars | 23,882 yen (277 yen) |
<8053> | Sumitomo Corporation | 21.03 dollars | 3,305 yen (8 yen) |
<8058> | Mitsubishi Corporation | 15.9 dollars | 2499 yen (-13 yen) |
<8306> | Mitsubishi UFJ Financial Group | 11.5 dollars | 1807 yen (7 yen) |
<8316> | Sumitomo Mitsui Financial Group | 14.14 dollars | 3704 yen (10 yen) |
<8411> | Mizuho Financial Group | 4.83 dollars | 3795 yen (7 yen) |
<8591> | orix | 106.04 dollars | 3333 yen (18 yen) |
<8725> | MS&AD Insurance Holdings | 21.57 dollars | 3390 yen (1 yen) |
<8766> | Tokio Marine Holdings, Inc. | 35.61 dollars | 5596 yen (17 yen) |
<8801> | Mitsui Fudosan | 23.9 dollars | 1252 yen (3 yen) |
<9432> | NTT | 24.74 dollars | 156 yen (0.6 yen) |
<9433> | kddi corporation | 15.86 dollars | 4985 yen (-11 yen) |
<9983> | Fast Retailing | 33.89 dollars | 53,262 yen (82 yen) |
<9984> | SoftBank Group | 28.54 dollars | 8,971 yen (35 yen) |