“Chicago Nikkei Average Futures (CME)” (7 days)

DEC24

O 39820 (in dollars)

H 40025

L 38940

C 39085 large exchange ratio -285 (evening ratio +165)

Vol 6369

DEC24

O 39635 (in yen)

H 39855

L 38755

C 38915 large exchange ratio -455 (evening ratio -5)

Vol 23984

“American Depositary Receipts Overview (ADR)” (7th)

In the ADR market, Japan Post Bank ＜7182 ＞, Murata Seisakusho ＜6981＞, Sony ＜6758＞, Marubeni ＜8002＞, MS&AD Insi HD ＜8725＞, Mitsubishi Corp. ＜8058＞, Denso ＜6902＞, etc. fell in comparison with the Tokyo Stock Exchange (148.15 yen equivalent to 1 dollar), etc., and overall sales dominance.

Code stock name closing price compared to previous day Japanese yen conversion price Japanese closing price ratio

7203 (TM.N) Toyota Motor Corporation 177.32 -2.70 2627 -18.5

8306 (MUFG.N) MITSUBISHI UFJFG 10.37 0.00 1536 5

8035 (TOELY) Tokyo Elec 86.37 -1.47 25591 -59

6758 (SONY.N) Sony 95.66 0.81 2834 -46.5

9432 (NTTYY) NTT 25.05 -0.04 148 -1.6

8058 (MTSUY) Mitsubishi Corporation 20.51 -0.49 3039 -47

6501 (HTHIY) Hitachi 52.21 0.14 3867 -37

9983 (FRCOY) Fast Lite 33.60 -0.39 49778 -672

9984 (SFTBY) SoftBank G 29.20 -0.66 8652 -93

4063 (SHECY) Shin-Etsu Chemical 20.52 -0.22 6080 -62

8001 (ITOCY) ITOCHU Corporation 106.89 -1.68 7918 -73

8316 (SMFG.N) Sumitomo Mitsui FG 12.98 0.09 3205 -2

8031 (MITSY) Mitsui & Co. 459.71 -7.84 3405 -37

6098 (RCRUY) Recruit HD 12.56 0.27 9300 -139

4568 (DSNKY) Daiichi Sankyo 32.88 -0.36 4871 -26

9433 (KDDIY) KDDI 15.88 0.10 4705 -35

7974 (NTDOY) Nintendo 13.58 0.34 8048 -39

8766 (TKOMY) Tokio Marine HD 38.95 0.14 5770 -27

7267 (HMC.N) Honda Motor 32.07 -0.53 1584 -18

2914 (JAPAY) Japan Tobacco 14.52 0.01 4302 -31

6902 (DNZOY) Denso 14.49 -0.19 2147 -33

4519 (CHGCY) Chugai Pharmaceutical 23.14 -0.49 6856 -52

4661 (OLCLY) ORIENLAND 25.32 -0.12 3751 -35

8411 (MFG.N) Mizuho FG 4.27 0.08 3163 48

6367 (DKILY) Daikin Industries 13.69 -0.04 20282 -118

4502 (TAK.N) Takeda Pharmaceutical 14.33 -0.10 4246 -22

7741 (HOCPY) HOYA 139.35 0.81 20645 -50

6503 (MIELY) Mitsubishi Electric 32.82 -0.57 2431 -30

6981 (MRAAY) Murata Manufacturing 9.45 -0.18 2800 -51

7751 (CAJPY) Canon 32.77 -0.42 4855 -46

6273 (SMCAY) SMC 22.43 -0.52 66460 -350

7182 (JPPTY) Japan Post Bank 8.35 -0.30 1237 -164

6146 (DSCSY) disco 25.10 -2.20 37186 -34

3382 (SVNDY) 7 & i HD 14.95 0.05 2214 -8

8053 (SSUMY) Sumitomo Corporation 22.91 -0.39 3394 -30

6702 (FJTSY) Fujitsu 20.27 -0.39 3003 -22

6201 (TYIDY) TOYOTA INDUSTRIES 78.72 0.21 11663 -17

5108 (BRDCY) Bridgestone 19.09 -0.20 5656 -61

6178 (JPPY) Japan Post 10.00 0.00 1482 66

8002 (MARUY) Marubeni 167.32 -0.95 2479 -40

6723 (RNEcy) Renesas 7.31 -0.04 2166 -3.5

6954 (FANUY) FANUC 14.23 -0.01 4216 -49

8725 (MSADY) MS&AD Insi HD 23.40 0.03 3467 -55

8801 (MTSFY) Mitsui Fudosan 28.10 -0.50 1388 -17

6301 (KMTUY) Komatsu Seisakusho 28.10 0.16 4163 -13

4901 (FUJIY) FUJIFILM 12.62 -0.13 3739 -31

6594 (NJDCY) Nidec 10.35 -0.20 3067 -31

6857 (ATEYY) ADVANTEST 48.50 0.20 7185 -6

4543 (TRUMY) Terumo 19.25 0.04 2852 8.5

8591 (IX.N) ORIX 114.34 -1.52 3388 -12

(Top 50 by market capitalization, converted to 148.15 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (7th)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

9107 (KAIKY) Kawasaki Kisen 15.08 2234 183.5 8.95

5020 (JXHLY) ENEOS 12.15 900 61.1 7.28

2801 (KIKOY) Kikkoman 24.10 1785 91 5.37

6178 (JPPY) Japan Post 10.00 1482 66 4.66

8830 (MITEY) Sumitomo Real Estate 17.00 5037 166 3.41

“Top 5 ADR depreciation rate stocks” (7th)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

7182 (JPPTY) JP BANK 8.35 1237 -164 -11.71

8750 (DLICY) Dai-ichi Life HD 24.20 3585 -388 -9.77

5802 (SMTOY) Sumitomo Electric Industries 15.84 2347 -77 -3.18

7270 (FUJHY) SUBARU 8.70 2578 -51.5 -1.96

6981 (MRAAY) Murata Manufacturing 9.45 2800 -51 -1.79

“US Stock Market Overview” (7th)

NYDOW

Closing price: 41954.24 YoY: -398.51

Opening Price: 42289.51 High Price: 42293.64 Low Price: 41831.74

Year-to-date high: 42352.75 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 17923.90 YoY: -213.94

Opening Price: 18080.12 High Price: 18096.33 Low Price: 17900.04

Year-to-date high: 18647.45 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5695.94 compared to the previous day: -55.13

Opening Price: 5737.80 High Price: 5739.34 Low Price: 5686.85

Year to date high: 5762.48 Year old low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.305% US 10-year government bonds 4.027%

The US stock market fell. The Dow average closed at 41,954.24 dollars, down 398.51 dollars, and the NASDAQ fell 213.95 points at 17,923.90.

The prime minister of Israel, which is the first year since the attack by Hamas, announced the continuation of the attack, and a sense of caution against the worsening situation in the Middle East intensified, and then fell after being close. Also, the NASDAQ was sold due to rising long-term interest rates, and the market remained soft throughout the day. The newly occurring hurricane increased its power, and concerns intensified that it would lead to economic turmoil, and it depreciated further towards the end, and it ended. By sector, while semiconductors, manufacturing equipment, and energy rose, insurance fell drastically.

The pharmaceutical company Pfizer (PFE) rose when it became clear that the company's stock holdings worth 1 billion dollars were held by the dismissive investor Starboard. Hims & Hars Health (HIMS), a start-up company that provides online pharmaceutical services, announced that Standard & Poor's (S&P) would adopt the company's shares into the 600 small-cap stock index, and it rose. The mobile terminal Apple (AAPL), the online retailer Amazon (AMZN), and the video distribution company Netflix (NFLX) each declined due to analysts' lower investment decisions.

The liability insurance companies All State (ALL) and Progressive (PGR) gained momentum following Hurricane “Helene,” and developed into category “5,” so they were sold wary of large-scale damage. The entertainment company Disney (DIS) was also disgusted by the possibility that profits would decrease due to the closure of theme parks due to a major hurricane, so it was sold. Alphabet (GOOG) operated by search Google declined due to disgust with the judgment of the judge who ordered that the Android app store be opened to competitors.

In his speech, President Kashkari of the Minneapolis Federal Reserve reiterated the idea that the risk balance had shifted from inflation to unemployment.

(Horiko Capital Management LLC)