Japanese stocks with american depositary receipts, compared to the Tokyo Stock Exchange (1 dollar equals 149.59 yen), rose for companies such as Denso, Disco, komatsu, SMC, and Mizuho Financial Group, while stocks like Japan Post Bank, Japan Post, Nidec, Seven & I Holdings, MS&AD Insurance Group Holdings, Mitsubishi UFJ Financial Group, and nintendo co ltd fell, leading to a mixed overall performance. The clearing price for the Chicago Nikkei 225 futures was 38,300 yen, which is 130 yen higher compared to the daytime session in Osaka.

The US stock market rebounded. The Dow average rose by 188.59 dollars to 44,910.65 dollars, and the nasdaq closed up 157.69 points at 19,218.17. Following the presidential election, the small business confidence index increased, and it became clear that the incoming President Trump had a constructive dialogue over tariffs with leaders of Canada and Mexico, easing concerns and improving investor sentiment which drove buying after opening and led to a rally. Optimism about retail sales reaching record levels due to discount sales by retailers on Black Friday, the day after Thanksgiving, and expectations for the year-end sales season also contributed to buying in the retail sector, lifting the overall market. The decline in long-term interest rates was well received, leading to strength in tech stocks. The Dow updated its all-time high and closed higher.

In the New York foreign exchange market on the 29th, the dollar-yen exchange rate rose to 150.53 yen and then fell to 149.47 yen, closing at 149.61 yen. Following a strong preference for risk that triggered yen selling, the acceleration of Tokyo's consumer price index in November, along with comments from Governor Ueda regarding correcting the weak yen, strengthened expectations for an early additional rate hike by the Bank of Japan, accelerating yen buying. The euro-dollar fell to 1.0542 dollars, then rose to 1.0581 dollars, and closed at 1.0580 dollars.

On the 29th, the NY crude oil futures for January were slightly lower (nymex crude oil January contract close: 68.00, down 0.72).

Top-performing ADRs (as of the 29th)

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

Kawasaki Kisen Kaisha <9107> 14.7 dollars 2199 yen (206.5 yen) +10.36%

Sumitomo Realty & Development <8830> 17 dollars 5086 yen (448 yen) +9.66%

＜7259＞ Aisin Seiki 11.4 dollars 1705 yen (127 yen) +8.05%

＜5401＞ Nippon Steel 6.89 dollars 3092 yen (33 yen) +1.08%

＜8309＞ Sumitomo Mitsui Trust Holdings 5.06 dollars 3785 yen (39 yen) +1.04%

Top losers in ADR (as of the 29th)

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

＜7182＞ Japan Post Bank 8.7 dollars 1301 yen (-115 yen) -8.12%

＜8750＞ Dai-ichi Life Holdings 25.2 dollars 3770 yen (-281 yen) -6.94%

＜6752＞ Panasonic 9.29 dollars 1390 yen (-75.5 yen) -5.15%

<4911> shiseido company,limited sponsored adr 18.14 dollars 2714 yen (-141.5 yen) -4.96%

<6178> japan post holdings 9.59 dollars 1434 yen (-65.5 yen) -4.37%

Other ADR stocks (as of the 29th)

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

<2914> japan tobacco inc 14.08 dollars 4212 yen (-7 yen)

<3382> seven & i hd 17.29 dollars 2586 yen (-18 yen)

<4063> shin-etsu chemical industry 18.54 dollars 5547 yen (-7 yen)

<4502> takeda pharmaceuticals sp adr 13.62 dollars 4075 yen (-8 yen)

<4519> Chugai Pharmaceutical 22 dollars 6582 yen (-16 yen)

<4543> Terumo 20.39 dollars 3050 yen (-1 yen)

<4568> Daiichi Sankyo 31.75 dollars 4749 yen (0 yen)

<4661> Orienland 23.64 dollars 3536 yen (-2 yen)

<4901> Fujifilm 11.26 dollars 3369 yen (-5 yen)

<5108> bridgestone corporation unsponsored adr 17.86 dollars 5343 yen (-6 yen)

<6098> Recruit HD 13.87 dollars 10374 yen (-11 yen)

<6146> DISCO 27.3 dollars 40838 yen (238 yen)

<6178> japan post 9.59 dollars 1434 yen (-65.5 yen)

<6201> toyota automatic loom works 74.54 dollars 11151 yen (1 yen)

<6273> smc 21.34 dollars 63845 yen (305 yen)

<6301> komatsu 27.07 dollars 4049 yen (23 yen)

<6367> daikin industries, ltd. unsponsored adr 12.07 dollars 18056 yen (-39 yen)

<6501> hitachi ltd sponsored adr 50.28 dollars 3761 yen (10 yen)

<6503> mitsubishi electric corp. unsponsored adr 34.12 dollars 2552 yen (5 yen)

<6594> japan electric 4.57 dollars 2735 yen (-20 yen)

＜6702＞ Fujitsu 19.09 dollars 2856 yen （-10 yen）

＜6723＞ Renesas 6.53 dollars 1954 yen （-9.5 yen）

＜6758＞ Sony group corp 20.05 dollars 2999 yen （-8 yen）

＜6857＞ Advantest 55.3 dollars 8272 yen （32 yen）

＜6902＞ Denso 14.34 dollars 2145 yen （16 yen）

＜6954＞ Fanuc corp 12.97 dollars 3880 yen （-7 yen）

＜6981＞ Murata manufacturing 8.36 dollars 2501 yen （-9 yen）

＜7182＞ Japan Post bank 8.7 dollars 1301 yen （-115 yen）

＜7203＞ toyota motor $170.63 ¥2552 (¥0.5)

＜7267＞ honda motor co., ltd. $25.9 ¥1291 (¥-0.5)

＜7741＞ HOYA $129.08 ¥19309 (¥49)

＜7751＞ canon inc-spons adr $32.57 ¥4872 (¥4)

＜7974＞ nintendo co ltd $14.65 ¥8766 (¥-44)

＜8001＞ itochu corporation $98.96 ¥7402 (¥18)

＜8002＞ marubeni corp $150.2 ¥2247 (¥-7)

＜8031＞ mitsui & co., ltd. $419.8 ¥3140 (¥4)

<8035> Tokyo Electron 78.22 dollars 23,401 yen (91 yen)

<8053> Sumitomo Corporation 21.46 dollars 3,210 yen (2 yen)

<8058> Mitsubishi Corporation 16.87 dollars 2,524 yen (-1.5 yen)

<8306> Mitsubishi UFJ Financial Group 11.91 dollars 1,782 yen (-10 yen)

<8316> Sumitomo Mitsui Financial Group 14.81 dollars 3,692 yen (6 yen)

<8411> Mizuho Financial Group 5.08 dollars 3,800 yen (16 yen)

<8591> Orix 112.82 dollars 3,375 yen (8 yen)

<8725> MS&AD Insurance Group Holdings 22.2 dollars 3,321 yen (-20 yen)

＜8766＞ tokio marine hd 37.24 usd 5571 yen (7 yen)

＜8801＞ mitsui real estate 25.2 usd 1257 yen (3 yen)

＜9432＞ ntt 25.65 usd 153 yen (-0.4 yen)

＜9433＞ kddi 16.5 usd 4936 yen (-14 yen)

＜9983＞ fast retailing 34.1 usd 51010 yen (-100 yen)

＜9984＞ softbank group 29.95 usd 8960 yen (24 yen)