ADR Japanese stock rankings – mixed highs and lows, Chicago is up 100 yen compared to Osaka at 39,570 yen.
Japanese stocks represented by ADRs (American Depositary Receipts) showed mixed results in comparison to the Tokyo Stock Exchange (at an exchange rate of 153.66 yen to the dollar), with companies like SoftBank G <9984>, Mitsui Sumitomo FG <8316>, Mizuho FG <8411>, Mitsubishi Corporation <8058>, and HOYA <7741> seeing increases, while others such as Japan Post Bank <7182>, MS&AD Insurance Group Holdings <8725>, Nidec <6594>, Japan Post Holdings <6178>, and Sony <6758> declined, resulting in overall mixed performance. The closing price of the Chicago Nikkei 225 Futures was 39,570 yen, which is 100 yen higher than during the Osaka day session.
The US stock market presented mixed results. The Dow Average was down by 86.06 dollars, closing at 43,828.06 dollars, while the Nasdaq finished 23.88 points higher at 19,926.72. Following positive major corporate earnings, the market opened higher. The Dow dropped as selling pressure from the expectation of a slowdown in the Federal Reserve's (FRB) rate-cutting pace and profit-taking came into play, leading to a soft performance throughout the day. Although interest rates weighed on the Nasdaq, the rise in Semiconductors company Broadcom (AVGO) boosted the index, helping it maintain a solid stance during the day, and ultimately ending mixed.
On the 13th in the New York foreign exchange market, the dollar-yen exchange rate rose from 153.26 yen to 153.80 yen, closing at 153.61 yen. The unexpectedly positive November import price index in the USA and recent inflation data led to a dominance of dollar buying amidst expectations of a deceleration in rate cuts next year, accompanied by rising long-term interest rates. Additionally, reports indicated that the Bank of Japan is considering postponing interest rate hikes at its monetary policy meeting scheduled for the 18th and 19th, which favored yen selling. The euro-dollar exchange rate rose to 1.0524 dollars before falling back to 1.0482 dollars, closing at 1.0501 dollars. French President Macron appointed a centrist, Mr. Bile, as the new Prime Minister, alleviating political uncertainty, along with comments from Portugal’s central bank president Centeno favoring a gradual policy adjustment, which reduced euro selling pressure.
On the 13th, NY crude oil futures for January rebounded (NYMEX crude oil January contract closing price: 71.29 ↑1.27).
■ Top performing ADRs by increase rate (on the 13th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison | Rate of change |
<8830> | sumitomo realty | 17 dollars | 5224 yen (586 yen) | +12.63% |
<9107> | Kawasaki Kisen Kaisha | 14.1 dollars | 2167 yen (57 yen) | +2.7% |
<2802> | Ajinomoto Co., Inc. | 43.1 dollars | 6623 yen (134 yen) | +2.07% |
<9984> | SoftBank Group | 30.74 dollars | 9447 yen (118 yen) | +1.26% |
<8316> | Sumitomo Mitsui Financial Group | 14.89 dollars | 3813 yen (46 yen) | +1.22% |
■ Stocks with the lowest ADR decline rate (13th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison | Rate of change |
<5020> | ENEOS | 9.88 dollars | 759 yen (-59 yen) | -7.21% |
<7182> | Japan Post Bank | 9.3 dollars | 1429 yen (-96 yen) | -6.3% |
<9503> | kansai electric power co inc | 5.5 dollars | 1690 yen (-46.5 yen) | -2.68% |
<7259> | Aisin Seiki | 11.08 dollars | 1703 yen (-35.5 yen) | -2.04% |
<2801> | Kikkoman | 22.3 dollars | 1713 yen (-28.5 yen) | -1.64% |
■ Other ADR stocks (13th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison |
<2914> | Japan Tobacco Inc | 13.59 dollars | 4176 yen (3 yen) |
<3382> | Seven & i Holdings Co., Ltd. | 16.37 dollars | 2515 yen (10 yen) |
<4063> | Shin-Etsu Chemical Co., Ltd. | 17.15 dollars | 5271 yen (6 yen) |
<4502> | Takeda Pharmaceuticals sp adr | 13.42 dollars | 4124 yen (-11 yen) |
<4519> | Chugai Pharmaceutical Co., Ltd. | 21.47 dollars | 6598 yen (4 yen) |
<4543> | Terumo | 19.88 dollars | 3055 yen (4 yen) |
<4568> | Daiichi Sankyo Company | 28.09 dollars | 4316 yen (6 yen) |
<4661> | Orient Land | 21.74 dollars | 3341 yen (-3 yen) |
<4901> | FUJIFILM | 11.11 dollars | 3414 yen (-7 yen) |
<5108> | Bridgestone Corporation Unsponsored ADR | 17.31 dollars | 5320 yen (12 yen) |
<6098> | Recruit Holdings | 14.95 dollars | 11486 yen (51 yen) |
<6146> | Disco | 26.5 dollars | 40720 yen (210 yen) |
<6178> | Japan Post Holdings | 9.86 dollars | 1515 yen (-15.5 yen) |
<6201> | Toyota Automatic Loom Works | 72.72 dollars | 11174 yen (29 yen) |
<6273> | SMC | 19.98 dollars | 61,418 yen (-262 yen) |
<6301> | komatsu | 27.59 dollars | 4,239 yen (-1 yen) |
<6367> | Daikin Industries, Ltd. unsponsored adr | 11.62 dollars | 17,855 yen (-105 yen) |
<6501> | Hitachi Ltd Sponsored ADR | 52.25 dollars | 4,014 yen (17 yen) |
<6503> | Mitsubishi Electric Corp. | 34.51 dollars | 2651 yen (17 yen) |
<6594> | Nidec | 4.52 dollars | 2778 yen (-38.5 yen) |
<6702> | Fujitsu | 18.45 dollars | 2835 yen (-8 yen) |
<6723> | Renesas | 6.51 dollars | 2001 yen (-13 yen) |
<6758> | Sony | 21.69 dollars | 3333 yen (-25 yen) |
<6857> | Advantest | 61.3 dollars | 9419 yen (39 yen) |
<6902> | DENSO | 13.95 dollars | 2144 yen (-6 yen) |
<6954> | ファナック | 13.11 dollars | 4029 yen (-16 yen) |
<6981> | Murata Manufacturing Co., Ltd. | 8.06 dollars | 2477 yen (-16 yen) |
<7182> | Japan Post Bank | 9.3 dollars | 1429 yen (-96 yen) |
<7203> | toyota motor | 175.86 dollars | 2702 yen (4.5 yen) |
<7267> | HONDA MOTOR CO., LTD. | 25.46 dollars | 1304 yen (10.5 yen) |
<7741> | HOYA | 132.07 dollars | 20294 yen (164 yen) |
<7751> | Canon Inc - sponsored ADR | 32.71 dollars | 5026 yen (3 yen) |
<7974> | Nintendo Co Ltd | 14.81 dollars | 9103 yen (-21 yen) |
<8001> | Itochu Corporation | 100.6 dollars | 7729 yen (-8 yen) |
<8002> | Marubeni | 148.62 dollars | 2284 yen (-4 yen) |
<8031> | Mitsui & Co., Ltd. | 422.72 dollars | 3248 yen (8 yen) |
<8035> | Tokyo Electron | 78.04 dollars | 23983 yen (123 yen) |
<8053> | Sumitomo Corporation | 21.73 dollars | 3339 yen (2 yen) |
<8058> | Mitsubishi Corporation | 16.78 dollars | 2578 yen (26.5 yen) |
<8306> | Mitsubishi UFJ Financial Group | 12.09 dollars | 1858 yen (8.5 yen) |
<8316> | Sumitomo Mitsui Financial Group | 14.89 USD | 3813 yen (46 yen) |
<8411> | Mizuho Financial Group | 5.02 USD | 3857 yen (40 yen) |
<8591> | orix | 109.35 dollars | 3361 yen (16 yen) |
<8725> | MS&AD Insurance Holdings | 22.24 dollars | 3417 yen (-53 yen) |
<8766> | Tokio Marine Holdings, Inc. | 37.11 dollars | 5702 yen (11 yen) |
<8801> | Mitsui Fudosan | 24.2 dollars | 1240 yen (-1 yen) |
<9432> | NTT | 25.28 dollars | 155 yen (-0.3 yen) |
<9433> | kddi corporation | 16.19 dollars | 4976 yen (-2 yen) |
<9983> | Fast Retailing | 34.73 dollars | 53,366 yen (126 yen) |
<9984> | SoftBank Group | 30.74 dollars | 9,447 yen (118 yen) |