Japanese ADR (American Depositary Securities) stocks rose in comparison with the Tokyo Stock Exchange (converted to 147.19 yen per dollar), Japan Post ＜6178 ＞, Advantest ＜6857＞, MS&AD Insi HD ＜8725＞, Tokyo Elec ＜8035＞, Shin-Etsu Chemical (4063), Renesas ＜6723＞, Fast Retite ＜9983＞, etc. rose, and there was an overall buying advantage. The Chicago Nikkei 225 futures settlement value is 35,545 yen, which is 495 yen higher than the Osaka daytime ratio.

The US stock market is mixed. The Dow average fell by 140.53 dollars to 39,357.01 dollars, and the NASDAQ closed at 16,780.61, which was 35.31 points higher. After falling close due to a rekindling of expectations for a soft landing, it rose. After that, it was reported that a retaliatory attack on Israel by Iran was imminent, and sales that were disgusted by rising geopolitical risks accelerated, and the market price began to decline. Buybacks of semiconductors such as NVIDIA were spurred by a sense of affordability, and the NASDAQ index remained steady. Meanwhile, the Dow also saw adjusted sales ahead of the announcement of important inflation indicators, and the decline widened towards the end of the game, and ended in various ways.

The dollar and yen rose to 148 yen 22 yen in the New York foreign exchange market on the 12th, then fell to 147 yen 03 yen, and closed at 147 yen 25 yen. Director Bowman of the Federal Reserve (Fed) said that inflation is still uncomfortably above target values, and since he mentioned the risk of rising inflation and showed a cautious stance on interest rate cuts, dollar purchases associated with rising long-term interest rates became dominant. After that, interest rates began to decline due to the decline in the expected inflation rate of the NY Federal Reserve and interest rate cuts were observed by the end of the year, which spurred dollar sales. Also, it was reported that Iran might attack Israel within 24 hours, and yen purchases to avoid risk intensified due to rising Middle Eastern geopolitical risks. After falling to 1.0915 dollars, the euro dollar rose to 1.0939 dollars and closed at 1.0931 dollars.

NY crude oil futures for the 9 month limit are significantly high (NYMEX crude oil closing price for the 9 month limit: 80.06 ↑ 3.22).

■Stocks with the highest ADR growth rate (12th)

Stock code stock name closing price (dollar) Japanese yen conversion price Japanese closing price ratio gain/fall rate

＜2801＞ Kikkoman 24.1 dollars 1774 yen (151.5 yen) +9.34%

＜6178＞ Japan Post $10 1472 yen (111.5 yen) +8.2%

＜8630＞ SompoHD 10.68 dollars 3144 yen (185.5 yen) +6.27%

＜9503＞ Kansai Electric Power 8.43 dollars 2482 yen (94.5 yen) +3.96%

＜5401＞ Nippon Steel 7.45 dollars 3290 yen (121 yen) +3.82%

■Stocks with lower ADR depreciation rate (12 days)

Stock code stock name closing price (dollar) Japanese yen conversion price Japanese closing price ratio gain/fall rate

＜7182＞ Japan Post Bank 8.55 dollars 1258 yen (-134.5 yen) -9.66%

＜8750＞ Dai-ichi Life HD 23.4 dollars 3444 yen (-359 yen) -9.44%

＜5020＞ ENEOS 8.92 dollars 656 yen (-29.9 yen) -4.36%

＜4755＞ Rakuten 5.12 dollars 754 yen (-25.5 yen) -3.27%

＜6594＞ Nidec 9.76 dollars 5746 yen (-75 yen) -1.29%

■Other ADR stocks (12 days)

Stock Code Stock Name Closing Price (Dollar) Japanese Yen Conversion Price Japanese Closing Price Ratio

＜2914＞ Nippon Tobacco Industry 13.34 dollars 3927 yen (7 yen)

＜3382＞ Seven & I HD 11.42 dollars 1681 yen (8.5 yen)

＜4063＞ Shin-Etsu Chemical 20.59 dollars 6061 yen (114 yen)

＜4502＞ Takeda Pharmaceutical 13.85 dollars 4077 yen (8 yen)

＜4519＞ Chugai Pharmaceutical 21.04 dollars 6194 yen (72 yen)

＜4543＞ Terumo 17.91 dollars 2636 yen (25 yen)

＜4568＞ Daiichi Sankyo 37.45 dollars 5512 yen (54 yen)

＜4661＞ Orienland 26.68 dollars 3927 yen (9 yen)

＜4901＞ Fujifilm $11.63 3424 yen (15 yen)

＜5108＞ Bridgestone 18.98 dollars 5587 yen (5 yen)

＜6098＞ Recruit HD 11.38 dollars 8375 yen (73 yen)

＜6146＞ Disco 28.5 dollars 41949 yen (619 yen)

＜6178＞ Japan Post $10 1472 yen (111.5 yen)

＜6201＞ Toyota Industries 73.5 dollars 10818 yen (128 yen)

＜6273＞ SMC 22.16 dollars 65235 yen (485 yen)

＜6301＞ Komatsu Seisakusho 26.35 dollars 3878 yen (11 yen)

＜6367＞ Daikin Industries 11.57 dollars 17030 yen (100 yen)

＜6501＞ Hitachi, Ltd. $44.57, 3280 yen (27 yen)

＜6503＞ Mitsubishi Electric 28.17 dollars 2073 yen (15 yen)

＜6594＞ Nidec 9.76 dollars 5746 yen (-75 yen)

＜6702＞ Fujitsu 16.68 dollars 2455 yen (37 yen)

＜6723＞ Renesas 7.56 dollars 2226 yen (38.5 yen)

＜6758＞ Sony $84.72 12,470 yen (145 yen)

＜6857＞ Advantest 40.7 dollars 5991 yen (199 yen)

＜6902＞ Denso 14.37 dollars 2115 yen (6 yen)

＜6954＞ FANUC $13.28 3909 yen (22 yen)

＜6981＞ Murata Manufacturing 9.45 dollars 2782 yen (19 yen)

＜7182＞ Japan Post Bank 8.55 dollars 1258 yen (-134.5 yen)

＜7203＞ Toyota Motor Corporation 167.97 dollars 2472 yen (24.5 yen)

＜7267＞ Honda Motor 29.29 dollars 1437 yen (17 yen)

＜7741＞ HOYA 135.21 dollars 1990 2 yen (207 yen)

＜7751＞ Canon $30.89 4547 yen (22 yen)

＜7974＞ Nintendo 13.27 dollars 7813 yen (12 yen)

＜8001＞ ITOCHU Corporation 92.6 dollars 6815 yen (85 yen)

＜8002＞ Marubeni 157 dollars 2311 yen (34.5 yen)

＜8031＞ Mitsui & Co., 393.4 dollars 2895 yen (43 yen)

＜8035＞ Tokyo Electric $89.68 26400 yen (590 yen)

＜8053＞ Sumitomo Corporation 21.8 dollars 3209 yen (37 yen)

＜8058＞ Mitsubishi Corporation 19.29 dollars 2839 yen (47.5 yen)

＜8306＞ Mitsubishi UFJFG 9.61 dollars 1414 yen (3.5 yen)

＜8316＞ Sumitomo Mitsui Financial Group 12.22 dollars 8993 yen (25 yen)

＜8411＞ Mizuho Financial Services 3.83 dollars 2819 yen (39.5 yen)

＜8591＞ ORIX $113.88 3352 yen (17 yen)

＜8725＞ MS&AD Inci HD 21.01 dollars 3092 yen (79 yen)

＜8766＞ Tokio Marine HD 33.74 dollars 4966 yen (60 yen)

＜8801＞ Mitsui Fudosan 29.5 dollars 1447 yen (12 yen)

＜9432＞ NTT 24.92 dollars 147 yen (1.3 yen)

＜9433＞ KDDI 15.34 dollars 4516 yen (7 yen)

＜9983＞ Fast Lite 27.39 dollars 40315 yen (675 yen)

＜9984＞ SoftBank G 25.86 dollars 7613 yen (25 yen)