Japanese ADR (American Depositary Receipts) shares rose in comparison with the Tokyo Stock Exchange (1 dollar 149.19 yen conversion), Japan Post ＜6178 ＞, Mizuho FG ＜8411＞, Advantest ＜6857＞, Mitsubishi Electric ＜6503＞, Tokyo Elec ＜8035＞, Mitsubishi UFJFG ＜8306＞, Mitsubishi Corp. ＜8058＞, etc. rose, and general buying dominance. The Chicago Nikkei 225 futures settlement value is 39,665 yen, 375 yen higher than the Osaka daytime ratio.

The US stock market continues to grow. The Dow average closed at 42,512.00 dollars, which rose 431.63 dollars, and the Nasdaq closed at 18,291.62, which rose 108.70 points. It fell after being close due to the retreat of expectations for quick interest rate cuts by the Federal Reserve (Fed). However, from the push, the Chinese government's fiscal strengthening measures aimed at bottoming out the economy were bought with the expectation that they would support the global economy and corporate sales recovery, and the market price began to rise. It became clear that all participants agreed to continue interest rate cuts at the September Federal Open Market Committee (FOMC) announced by the Federal Reserve (Fed), and the increase in the market price widened until the end of the game. The Dow hit a record high and ended.

The dollar and yen rose from 148 yen 65 yen to 149 yen 36 yen in the New York foreign exchange market on the 9th, and closed at 149 yen 35 yen. President Logan of the US Dallas Federal Reserve Bank expressed the view that a gradual interest rate reduction trajectory was necessary due to the persistence of inflation risks, and dollar buying became dominant as 10-year bond tenders were poor and long-term interest rates rose. In the September Federal Open Market Committee (FOMC) minutes published by the Federal Reserve (Fed), it became clear that members had differences of opinion over the range of agreements to maintain interest rate reduction trajectories, and the dollar remained high. The euro dollar fell from 1.0960 dollars to 1.0936 dollars and closed at 1.0937 dollars. Germany lowered its gross domestic product (GDP) forecast for this year to negative growth, spurring euro sales incorporating interest rate cuts by the European Central Bank (ECB).

NY crude oil futures continued to decline slightly during the November period (NYMEX crude oil closing price for the November period: 73.24 ↓ 0.33).

■Stocks with the highest ADR growth rate (9th)

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

＜9107＞ Kawasaki Kisen 15.08 dollars 2250 yen (223 yen) +11%

＜2801＞ Kikkoman 24.1 dollars 1,798 yen (139.5 yen) +8.41%

＜6178＞ Japan Post $10 1492 yen (100.5 yen) +7.22%

＜5020＞ ENEOS 12.15 dollars 906 yen (61 yen) +7.22%

＜8830＞ Sumitomo Real Estate 17 dollars 5072 yen (324 yen) +6.82%

■Stocks with lower ADR depreciation rate (9th)

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

＜7182＞ Japan Post Bank 8.2 dollars 1223 yen (-153 yen) -11.12%

＜8750＞ Dai-ichi Life HD 23 dollars 3431 yen (-383 yen) -10.04%

＜7259＞ Aisin Seiki 10.01 dollars 1493 yen (-86.5 yen) -5.48%

＜8267＞ AEON 25.15 dollars 3752 yen (-126 yen) -3.25%

＜6752＞ Panasonic 8.5 dollars 1268 yen (-37.5 yen) -2.87%

■Other ADR stocks (9th)

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

＜2914＞ Nippon Tobacco Industry 14.45 dollars 4312 yen (1 yen)

＜3382＞ Seven & I HD 15.84 dollars 2363 yen (28 yen)

＜4063＞ Shin-Etsu Chemical $20.71 6179 yen (50 yen)

＜4502＞ Takeda Pharmaceutical 14.28 dollars 4261 yen (33 yen)

＜4519＞ Chugai Pharmaceutical 23.58 dollars 7036 yen (8 yen)

＜4543＞ Terumo 19.89 dollars 2967 yen (35.5 yen)

＜4568＞ Daiichi Sankyo 33.2 dollars 4953 yen (16 yen)

＜4661＞ Orienland 24.74 dollars 3691 yen (3 yen)

＜4901＞ Fujifilm 12.73 dollars 3798 yen (14 yen)

＜5108＞ Bridgestone 18.88 dollars 5633 yen (44 yen)

＜6098＞ Recruit HD 13.08 dollars 9757 yen (38 yen)

＜6146＞ Disco 25.5 dollars 38043 yen (193 yen)

＜6178＞ Japan Post $10 1492 yen (100.5 yen)

＜6201＞ Toyota Industries 76.07 dollars 11,349 yen (119 yen)

＜6273＞ SMC 22.26 dollars 66419 yen (679 yen)

＜6301＞ Komatsu Seisakusho 27.3 dollars 4073 yen (42 yen)

＜6367＞ Daikin Industries 13.19 dollars 19678 yen (128 yen)

＜6501＞ Hitachi, Ltd. $53.6, 3998 yen (27 yen)

＜6503＞ Mitsubishi Electric 32.55 dollars 2428 yen (37 yen)

＜6594＞ Nidec 5.08 dollars 1516 yen (-1,528 yen)

＜6702＞ Fujitsu 21.24 dollars 3169 yen (17 yen)

＜6723＞ Renesas 7.21 dollars 2,151 yen (15 yen)

＜6758＞ Sony 19.05 dollars 568 yen (-2252 yen)

＜6857＞ Advantest 52 dollars 7758 yen (119 yen)

＜6902＞ Denso $14.34 2139 yen (17 yen)

＜6954＞ FANUC $13.85 4133 yen (13 yen)

＜6981＞ Murata Manufacturing 9.7 dollars 2894 yen (24.5 yen)

＜7182＞ Japan Post Bank 8.2 dollars 1223 yen (-153 yen)

＜7203＞ Toyota Motor Corporation 173.99 dollars 2596 yen (32.5 yen)

＜7267＞ Honda Motor 31.45 dollars 1564 yen (11 yen)

＜7741＞ HOYA 144.39 dollars 21542 yen (147 yen)

＜7751＞ Canon 34 dollars 5072 yen (12 yen)

＜7974＞ Nintendo 13.29 dollars 7931 yen (54 yen)

＜8001＞ ITOCHU Corporation 104.36 dollars 7785 yen (70 yen)

＜8002＞ Marubeni 162 dollars 2417 yen (2.5 yen)

＜8031＞ Mitsui & Co., $439, 3275 yen (41 yen)

＜8035＞ Tokyo Electric $87.67 26159 yen (389 yen)

＜8053＞ Sumitomo Corporation 22.39 dollars 3340 yen (39 yen)

＜8058＞ Mitsubishi Corporation 20.01 dollars 2985 yen (39.5 yen)

＜8306＞ Mitsubishi UFJFG 10.2 dollars 1522 yen (20.5 yen)

＜8316＞ Sumitomo Mitsui Financial Group 12.47 dollars 3101 yen (20 yen)

＜8411＞ Mizuho Financial Services 4.11 dollars 3062 yen (62 yen)

＜8591＞ ORIX $111.21 $3318 yen (34 yen)

＜8725＞ MS&AD Inci HD 22.97 dollars 3427 yen (22 yen)

＜8766＞ Tokio Marine HD 37.09 dollars 5533 yen (51 yen)

＜8801＞ Mitsui Fudosan 27.8 dollars 1,382 yen (8 yen)

＜9432＞ NTT 24.97 dollars 149 yen (0 yen)

＜9433＞ KDDI 15.94 dollars 4756 yen (-25 yen)

＜9983＞ Fast Lite 34.24 dollars 51083 yen (373 yen)

＜9984＞ SoftBank G 29.51 dollars 8805 yen (109 yen)