Japanese ADR (American Depositary Receipts) stocks rose in comparison with the Tokyo Stock Exchange (converted to 1 dollar 156.21 yen), Tokio Marine HD ＜8766＞, Denso ＜6902＞, Mitsui Trust ＜8309＞, Omron ＜6645＞, Kirin ＜2503＞, HOYA ＜7741＞, ANA ＜9202＞, etc. rose, and became the general buying advantage. The Chicago Nikkei 225 futures settlement value is 39,295 yen, 225 yen higher than the Osaka daytime ratio.

The US stock market is mixed. The Dow average closed at 39,806.77 dollars, down 196.82 dollars, and the Nasdaq closed at 16,794.88, 108.91 points higher. Expectations for interest rate cuts have receded, and after getting close, things have been mixed. Since several senior Federal Reserve (Fed) officials were still uncertain that inflation would reach the 2% target sustainably and showed a cautious attitude of maintaining interest rates for the time being, the upper price was suppressed by rising long-term interest rates. The Dow was pushed by profit-taking sales from around 40,000 dollars, which is a milestone, and turned into a decline, and the decline widened towards the end of the game. Meanwhile, the rise in semiconductor NVIDIA (NVDA), which is scheduled to announce quarterly financial results this week, led the NASDAQ to rise, hit a record high, and ended in various places.

The dollar and yen rose from 155 yen 73 yen to 156 yen 30 yen in the New York foreign exchange market on the 20th, and closed at 156 yen 30 yen. Federal Reserve Vice Chairman Jefferson and Federal Reserve Vice Chairman Barr did not see much progress due to improvements in inflation, and in addition to showing the idea that patience is necessary in dealing with inflation, US Cleveland Federal Bank President Mester received statements from hawks that the interest rate cut forecast for the end of the year was “no longer appropriate,” and dollar purchases associated with rising long-term interest rates became dominant. The euro dollar fell to 1.0854 dollars, then rebounded to 1.0871 dollars, and closed at 1.0857 dollars.

NY crude oil futures are sluggish for the 6 month period (NYMEX crude oil closing price for the 6 month period: 79.80 ↓ 0.26).

■Stocks with the highest ADR growth rate (20th)

＜8766＞ Tokio Marine HD 34.31 dollars 5360 yen (393 yen) +7.91%

＜6902＞ Denso 17.07 dollars 2667 yen (55.5 yen) +2.13%

＜8252＞ Marui $30.85 2410 yen (36 yen) +1.52%

＜8309＞ Mitsui Trust $4.73 3694 yen (41 yen) +1.12%

＜6645＞ Omron 35.19 dollars 5497 yen (60 yen) +1.1%

■Stocks with lower ADR depreciation rate (20th)

＜6753＞ Sharp 1.27 dollars 797 yen (-41.5 yen) -4.95%

＜5631＞ Nippon Steel 14.6 dollars 4561 yen (-152 yen) -3.23%

＜3401＞ Teijin 8.93 dollars 1396 yen (-40 yen) -2.79%

＜1812＞ Kashima 17.3 dollars 2702 yen (-63.5 yen) -2.3%

＜6723＞ Renesas 8.65 dollars 2702 yen (-55.5 yen) -2.01%

■Other ADR stocks (20th)

＜1812＞ Kashima 17.3 dollars 2702 yen (-63.5 yen)

＜1925＞ Daiwa House 26.25 dollars 4101 yen (-11 yen)

＜1928＞ Sekisui House 22.98 dollars 3590 yen (15 yen)

＜2503＞ Kirin 14.45 dollars 2257 yen (22 yen)

＜2802＞ Ajinomoto 39.02 dollars 6095 yen (-14 yen)

＜3402＞ Toray $10.11 790 yen (-2.9 yen)

＜3407＞ Asahi Kasei 13.39 dollars 1046 yen (-2 yen)

＜4901＞ Fujifilm $11.04 3449 yen (-5 yen)

＜4911＞ Shiseido $31.55 4928 yen (10 yen)

＜5108＞ Bridgestone 22.3 dollars 6967 yen (-7 yen)

＜5201＞ AGC 7.08 dollars 5534 yen (-36 yen)

＜5802＞ Sumitomo Electric 15.54 dollars 2428 yen (0.5 yen)

＜6301＞ Komatsu $30.16 4711 yen (29 yen)

＜6361＞ Ebara 40.78 dollars 12740 yen (25 yen)

＜6503＞ Mitsubishi Electric 36.22 dollars 2829 yen (4.5 yen)

＜6586＞ Makita $31.08 4855 yen (26 yen)

＜6645＞ Omron 35.19 dollars 5497 yen (60 yen)

＜6702＞ Fujitsu 14.89 dollars 2326 yen (-7.5 yen)

＜6723＞ Renesas 8.65 dollars 2702 yen (-55.5 yen)

＜6758＞ Sony G $83.59 13058 yen (-7 yen)

＜6762＞ TDK 47.9 dollars 7482 yen (34 yen)

＜6902＞ Denso 17.07 dollars 2667 yen (55.5 yen)

＜6954＞ FANUC 15.03 dollars 4696 yen (22 yen)

＜6988＞ Nittoden 39.56 dollars 12359 yen (54 yen)

＜7201＞ Nissan from 7.21 dollars 563 yen (3.1 yen)

＜7202＞ Isuzu 13.08 dollars 2043 yen (11.5 yen)

＜7203＞ Toyota 220.5 dollars 3444 yen (-3 yen)

＜7267＞ Honda $33.86 1,763 yen (-7 yen)

＜7270 ＞ SUBARU 10.6 dollars 3313 yen (-3 yen)

＜7741＞ HOYA 121.47 dollars 18975 yen (175 yen)

＜7912＞ Dainichito 15.34 dollars 4793 yen (3 yen)

＜7974＞ Nintendo 13.38 dollars 8357 yen (-34 yen)

＜8001＞ ITOCHU 93.9 dollars 7334 yen (1 yen)

＜8002＞ Marubeni 196.07 dollars 3063 yen (6 yen)

＜8031＞ Mitsui Mono 1045.28 dollars 8164 yen (-16 yen)

＜8053＞ Sumitomo Corporation 26.82 dollars 4190 yen (20 yen)

＜8267＞ AEON 21.2 dollars 3312 yen (-11 yen)

＜8306＞ Mitsubishi UFJ 10.03 dollars 1567 yen (4 yen)

＜8309＞ Mitsui Trust 4.73 dollars 3694 yen (41 yen)

＜8316＞ Sumitomo Mitsui 12.64 dollars 9872 yen (3 yen)

＜8411＞ Mizuho FG 4.14 dollars 3234 yen (2 yen)

＜8591＞ ORIX 109.67 dollars 3426 yen (4 yen)

＜8604＞ Nomura HD 5.82 dollars 909 yen (1 yen)

＜8766＞ Tokio Marine HD 34.31 dollars 5360 yen (393 yen)

＜8802＞ Ryojisho 17.62 dollars 2752 yen (-9.5 yen)

＜9202＞ ANA 3.91 dollars 3055 yen (20 yen)

＜9432＞ NTT 24.34 dollars 152 yen (0.2 yen)

＜9735＞ SECOM 16.03 dollars 10016 yen (16 yen)

＜9983＞ Fast Retay 26.59 dollars 41,536 yen (176 yen)

＜9984＞ SoftBank G 26.75 dollars 8357 yen (45 yen)