ADR (American Depositary Receipt) Japanese stocks such as Orient Land Co., Ltd. dow inc <4661>, Toyota Motor Corp. dow inc <7203>, Disco Corp. dow inc <6146>, Itochu Corporation dow inc <8001>, SoftBank Group Corp. dow inc <9984>, Honda Motor Co., Ltd. dow inc <7267>, Orix Corp. dow inc <8591>, etc. rose compared to the Tokyo stock exchange (calculated at 1 dollar = 154.85 yen), with general buying dominance. Chicago Nikkei 225 futures settlement price closed at Osaka daytime comparison 255 yen higher at 38,595 yen.

The U.S. stock market extended its gains. The Dow Jones Industrial Average closed at a high of 426.16 points to 44,296.51 points, while the Nasdaq ended trading at 31.23 points higher at 19,003.65 points. With improvements in manufacturing and service industry PMI leading to expectations of a soft landing, the market was bought up after the opening and rose. The decrease in long-term interest rates, along with strong earnings from retailers such as Gap Inc. dow inc and Ross Stores Inc., pushed the Dow to continue rising and achieve record highs. The Nasdaq, supported by the artificial intelligence (AI) semiconductor market led by Nvidia dow inc, struggled due to its decline but managed to maintain positive territory and closed.

In the New York foreign exchange market on the 22nd, the dollar-yen declined to 154.20 yen, then rose to 155.02 yen, closing at 154.84 yen. After the dominance of dollar selling due to the decline in U.S. long-term interest rates, the dollar shifted to buying as the preliminary value of the U.S. service industry PMI for November was unexpectedly revised upward. Although the final value of the November University of Michigan Consumer Confidence Index was unexpectedly revised downward, leading to a retreat in dollar buying, the long-term expected inflation rate in the same index unexpectedly rose, keeping a solid movement. The Euro-dollar fell from 1.0435 dollars to 1.0392 dollars, then closed at 1.0415 dollars. Germany's preliminary value for the November service industry PMI unexpectedly fell into contraction territory for the first time since February, along with the unexpectedly worst results for the Eurozone's preliminary value for the November service industry PMI, which led to continued euro selling priced in with a substantial interest rate cut by the European Central Bank (ECB).

On the 22nd, NY crude oil futures for January continued to rise (NYMEX crude oil January futures closing price: 71.24, up 1.14).

■Top ADR Gainers (22nd)

Stock Code Symbol Name Closing Price (USD) Japanese Yen Conversion Price Japan Closing Price Comparison Rise and Fall Rate

Sumitomo Realty & Development Co., Ltd. dow inc <8830> 17 dollars 5,265 yen (698 yen) +15.28%.

Kawasaki Kisen Kaisha, Ltd. dow inc <9107> 14.7 dollars 2,276 yen (121 yen) +5.61%.

<4661> Orion Land $22.75 3523 yen (141 yen) +4.17%

<9503> Kansai Electric Power $6.2 1920 yen (70 yen) +3.78%

<5020> ENEOS $10.88 842 yen (29.1 yen) +3.58%

■ADR Declining Rate Bottom Stocks (22nd)

Stock Code Symbol Name Closing Price (USD) Japanese Yen Conversion Price Japan Closing Price Comparison Rise and Fall Rate

<7182> Japan Post Bank $8.65 1339 yen (-106 yen) -7.34%

<7259> Aisin Seiki $9.79 1516 yen (-98.5 yen) -6.1%

<8750> Dai-ichi Life Holdings $23.2 3593 yen (-206 yen) -5.42%

<6178> Japan Post $8.99 1392 yen (-72.5 yen) -4.95%

<9101> Nippon Yusen $6.31 4886 yen (-89 yen) -1.79%

■ Other ADR stocks (22nd)

Code name closing price (dollar) Japanese yen conversion price Japan closing price comparison

<2914> Japan Tobacco Inc $13.63 4221 yen (-15 yen)

<3382> Seven & I Holdings Co $16.49 2553 yen (-3.5 yen)

<4063> Shin-Etsu Chemical $18.31 5671 yen (22 yen)

<4502> Takeda Pharmaceuticals sp Adr $13.38 4144 yen (31 yen)

<4519> Chugai Pharmaceutical Co., Ltd. $20.30 6287 yen (+17 yen)

<4543> Terumo Corporation $19.95 3089 yen (+16 yen)

<4568> Daiichi Sankyo $28.80 4460 yen (+25 yen)

<4661> Oriental Land Co., Ltd. $22.75 3523 yen (+141 yen)

<4901> Fujifilm Holdings Corporation $10.57 3274 yen (+9 yen)

<5108> Bridgestone Corporation unsponsored ADR $17.44 5401 yen (+6 yen)

<6098> Recruit Holdings Co., Ltd. $12.73 9856 yen (+32 yen)

<6146> DISCO Corporation $27.80 43048 yen (+458 yen)

<6178> Japan Post $8.99 1,392 yen (-72.5 yen)

<6201> Toyota Industries Corporation $74.99 11,612 yen (97 yen)

<6273> SMC $21.62 66,957 yen (377 yen)

<6301> Komatsu $26.72 4,138 yen (22 yen)

<6367> Daikin Industries, Ltd. Unsponsored ADR $11.88 18,396 yen (101 yen)

<6501> Hitachi Ltd Sponsored ADR $49.66 3,845 yen (24 yen)

<6503> Mitsubishi Electric Corp. Unsponsored ADR $33.64 2,605 yen (21 yen)

<6594> Nippon Denso $4.56 2,824 yen (-34 yen)

<6702> Fujitsu $17.88 2769 yen (+12 yen)

<6723> Renesas $6.5 2013 yen (+1 yen)

<6758> Sony $19.06 2951 yen (+3 yen)

<6857> Advantest $61.5 9523 yen (+76 yen)

<6902> Denso $14.75 2284 yen (+16.5 yen)

<6954> Fanuc $13.28 4113 yen (-1 yen)

<6981> Murata Manufacturing $8.31 2574 yen (+12 yen)

<7182> Japan Post Bank $8.65 1339 yen (-106 yen)

<7203> Toyota Motor is $174.4, ¥2701 (+36.5 yen).

<7267> Honda Motor Co.,Ltd. is $26.66, ¥1376 (+13.5 yen).

<7741> HOYA is $126.22, ¥19545 (+170 yen).

<7751> Canon Inc-Sponsored ADR is $32.76, ¥5073 (+19 yen).

<7974> Nintendo Co Ltd is $13.17, ¥8157 (-9 yen).

<8001> Itochu Corporation is $98.91, ¥7658 (+77 yen).

<8002> Marubeni is $155.4, ¥2406 (+10.5 yen).

<8031> Mitsui & Co is $429.87, ¥3328 (+23 yen).

Tokyo Electric Co. is $72.09, ¥22,326 (¥76)

Sumitomo Corporation is $21.38, ¥3,311 (¥29)

Mitsubishi Corporation is $17.2, ¥2,663 (¥16.5)

Mitsubishi UFJ Financial Group is $11.82, ¥1,830 (¥5)

Mitsui Sumitomo Financial Group is $14.27, ¥3,683 (¥20)

Mizuho Financial Group is $4.99, ¥3,864 (¥29)

Orix is $107.65, ¥3,334 (¥31)

MS&AD Insurance Holdings is $22.88, ¥3,543 (¥12)

Tokio Marine Holdings, Inc. $36.92 5717 yen (+$36)

Mitsui Fudosan Co., Ltd. $24.50 1265 yen (+$8)

NTT $25.27 157 yen (+$1)

KDDI Corporation $16.26 5036 yen (+$6)

Fast Retailing Co., Ltd. $31.79 49227 yen (+$207)

SoftBank Group Corp $28 8672 yen (+$86)