The Japanese stocks of ADR (American Depositary Receipt), compared to the Tokyo Stock Exchange (calculated at 154.66 yen per dollar), saw declines in stocks such as Japan Post Bank <7182>, Disco <6146>, Renesas <6723>, Nidec <6594>, Advantest <6857>, SoftBank Group <9984>, and Tokyo Electron <8035>, leading to a nearly universal downturn. The clearing price for the Chicago Nikkei 225 futures was down 740 yen from Osaka daytime, at 38,460 yen.
The US stock market continued to decline. Ahead of the Federal Open Market Committee (FOMC) results announcement, a wait-and-see atmosphere strengthened, and after the opening, the market was mixed. The Dow Jones Industrial Average, which had been declining until the previous day, saw some major stocks being bought and rose, while the Nasdaq started with a slight drop. The FOMC lowered the key policy rate by 0.25% as expected, but the reduced projection for rate cuts in 2025 was disappointing, leading to a decline. Subsequently, amid rising long-term interest rates, the decline expanded by the end.
In the New York foreign exchange market on the 18th, the dollar-yen dropped to 153.68 yen, then rose to 154.78 yen, settling at 154.68 yen. An unexpected decrease in US housing starts in November temporarily strengthened dollar selling. Later, the FOMC's decision to cut rates by 0.25 points also raised the median forecast for interest rates at the end of 2025, reducing the expected number of rate cuts next year to two. Additionally, Fed Chair Powell mentioned that there may be more cautious consideration regarding "additional adjustments", which led to a surge in dollar buying. The euro-dollar rose to 1.0503 dollars, then fell to 1.0344 dollars, closing at 1.0365 dollars.
NY crude oil futures for February were slightly strong (NYMEX crude oil February closing price: 70.02 ↑0.37).
■Top gaining ADR stocks (18th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison | Rate of change |
<8830> | sumitomo realty | 16.93 dollars | 5237 yen (544 yen) | +11.59% |
<7201> | Nissan Motor Co. | 5.98 dollars | 462 yen (44.4 yen) | +10.63% |
<5020> | ENEOS | 11.1 dollars | 858 yen (69 yen) | +8.75% |
<9107> | Kawasaki Kisen Kaisha | 14.1 dollars | 2181 yen (88.5 yen) | +4.23% |
<6178> | Japan Post Holdings | 9.86 dollars | 1,525 yen (34 yen) | +2.28% |
■ Stocks with the lowest ADR decline (18th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison | Rate of change |
<7182> | Japan Post Bank | 8.95 dollars | 1384 yen (-96.5 yen) | -6.52% |
<6146> | Disco | 27 dollars | 41,758 yen (-1,602 yen) | -3.69% |
<6723> | Renesas | 6.28 dollars | 1,943 yen (-62 yen) | -3.09% |
<6594> | Nidec | 4.42 dollars | 2734 yen (-86 yen) | -3.05% |
<6857> | Advantest | 55 dollars | 8,506 yen (-254 yen) | -2.9% |
■ Other American Depositary Receipt stocks (18th)
Stock code Stock name | Closing price (dollars) | Price in Japanese yen | Japan closing price comparison |
<2914> | Japan Tobacco Inc | 13.37 dollars | 4136 yen (-18 yen) |
<3382> | Seven & i Holdings Co., Ltd. | 16.12 dollars | 2493 yen (-6.5 yen) |
<4063> | Shin-Etsu Chemical Co., Ltd. | 16.49 dollars | 5101 yen (-100 yen) |
<4502> | Takeda Pharmaceuticals sp adr | 13.11 dollars | 4055 yen (-42 yen) |
<4519> | Chugai Pharmaceutical Co., Ltd. | 21.77 dollars | 6734 yen (-79 yen) |
<4543> | Terumo | 19.28 dollars | 2982 yen (-43 yen) |
<4568> | Daiichi Sankyo Company | 27.92 dollars | 4318 yen (-25 yen) |
<4661> | Orient Land | 21.07 dollars | 3259 yen (-45 yen) |
<4901> | FUJIFILM | 10.73 dollars | 3319 yen (-53 yen) |
<5108> | Bridgestone Corporation Unsponsored ADR | 16.79 dollars | 5193 yen (-50 yen) |
<6098> | Recruit Holdings | 14.13 dollars | 10,927 yen (-153 yen) |
<6146> | Disco | 27 dollars | 41,758 yen (-1,602 yen) |
<6178> | Japan Post Holdings | 9.86 dollars | 1525 yen (34 yen) |
<6201> | Toyota Automatic Loom Works | 71.4 dollars | 11043 yen (-157 yen) |
<6273> | SMC | 19.76 dollars | 61,122 yen (-1,218 yen) |
<6301> | komatsu | 26.7 dollars | 4,129 yen (-44 yen) |
<6367> | Daikin Industries, Ltd. unsponsored adr | 11.43 dollars | 17,678 yen (-247 yen) |
<6501> | Hitachi Ltd Sponsored ADR | 50.21 dollars | 3,883 yen (-83 yen) |
<6503> | Mitsubishi Electric Corp. | 33.61 dollars | 2599 yen ( -40.5 yen ) |
<6594> | Nidec | 4.42 dollars | 2734 yen ( -86 yen ) |
<6702> | Fujitsu | 17.62 dollars | 2725 yen (-38 yen) |
<6723> | Renesas | 6.28 dollars | 1943 yen (-62 yen) |
<6758> | Sony | 20.91 dollars | 3234 yen (-57 yen) |
<6857> | Advantest | 55 dollars | 8506 yen (-254 yen) |
<6902> | DENSO | 13.33 dollars | 2062 yen (-21.5 yen) |
<6954> | ファナック | 12.83 dollars | 3969 yen (-82 yen) |
<6981> | Murata Manufacturing Co., Ltd. | 7.81 dollars | 2416 yen (-51.5 yen) |
<7182> | Japan Post Bank | 8.95 dollars | 1384 yen (-96.5 yen) |
<7203> | toyota motor | 173.62 dollars | 2685 yen (-41.5 yen) |
<7267> | HONDA MOTOR CO., LTD. | 24.03 dollars | 1239 yen (-5.5 yen) |
<7741> | HOYA | 127.73 dollars | 19,755 yen (-385 yen) |
<7751> | Canon Inc - sponsored ADR | 32.17 dollars | 4,975 yen (-49 yen) |
<7974> | Nintendo Co Ltd | 14.78 US dollars | 9143 yen (-122 yen) |
<8001> | Itochu Corporation | 97.37 US dollars | 7530 yen (-93 yen) |
<8002> | Marubeni | 142.14 dollars | 2198 yen (-37 yen) |
<8031> | Mitsui & Co., Ltd. | 404.21 dollars | 3126 yen (-45 yen) |
<8035> | Tokyo Electron | 75.14 dollars | 23242 yen (-543 yen) |
<8053> | Sumitomo Corporation | 20.94 dollars | 3239 yen (-47 yen) |
<8058> | Mitsubishi Corporation | 16 dollars | 2475 yen (-30 yen) |
<8306> | Mitsubishi UFJ Financial Group | 11.51 dollars | 1780 yen (-32.5 yen) |
<8316> | Sumitomo Mitsui Financial Group | 13.98 dollars | 3604 yen (-55 yen) |
<8411> | Mizuho Financial Group | 4.83 dollars | 3735 yen (-44 yen) |
<8591> | orix | 105.4 dollars | 3260 yen (-51 yen) |
<8725> | MS&AD Insurance Holdings | 21.37 dollars | 3305 yen (-42 yen) |
<8766> | Tokio Marine Holdings, Inc. | 34.9 dollars | 5398 yen (-54 yen) |
<8801> | Mitsui Fudosan | 23.6 dollars | 1217 yen (-22.5 yen) |
<9432> | NTT | 24.93 dollars | 154 yen (-0.9 yen) |
<9433> | kddi corporation | 15.88 dollars | 4912 yen (-37 yen) |
<9983> | Fast Retailing | 33.48 dollars | 51,780 yen (-710 yen) |
<9984> | SoftBank Group | 29.8 dollars | 9,218 yen (-216 yen) |