“Chicago Nikkei Average Futures (CME)” (31st)

MAR24

O 39635 (in dollars)

H 39865

L 39325

C 39395 large exchange ratio -235 (evening ratio +35)

Vol 6095

MAR24

O 39610 (in yen)

H 39825

L 39290

C 39355 large exchange ratio -275 (evening ratio -5)

Vol 22741

“American Depositary Receipts Overview (ADR)” (31st)

In the ADR market, Japan Post ＜6178 ＞, Japan Post Bank ＜7182 ＞, Renesas ＜6723＞, Toyota Industries ＜6201＞, Toyota Motor Corporation ＜7203＞, Shin-Etsu Chemical (4063), Mizuho Financial Group (8411), etc. fell in comparison with the Tokyo Stock Exchange (converted to 155.12 yen per dollar), etc., and general sales dominance.

Code stock name closing price compared to previous day Japanese yen conversion price Japanese closing price ratio

(Top 50 by market capitalization, converted to 155.12 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (31st)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

“Top 5 ADR depreciation rate stocks” (31st)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

“US Stock Market Overview” (31st)

NYDOW

Closing price: 44544.66 YoY: -337.47

Opening Price: 45054.36 High Price: 45054.36 Low Price: 44507.22

Nasdaq

Closing price: 19627.44 compared to the previous day: -54.31

Opening Price: 19832.33 High Price: 19969.17 Low Price: 19575.21

S&P 500

Closing price: 6040.53 compared to the previous day: -30.64

Opening Price: 6096.79 High Price: 6120.91 Low Price: 6030.93

US 30-year government bonds 4.788% US 10-year government bonds 4.54%

The US stock market fell. The Dow average closed at 44,544.66 dollars, down 337.47 dollars, and the NASDAQ fell 54.31 points at 19,627.44.

There were no surprises in the PCE core price index, and it rose after being close due to falling interest rates. Reports that tariffs will be postponed until March by the Trump administration were well received, and it went up a notch. After that, the government's press secretary denied the report, and since it was clarified that there was no alternative to the plan to begin tariffs on 2/1, a sense of caution intensified, sales accelerated, and began to decline. The NASDAQ, which had been well received by Apple's financial results and had risen greatly, also began to decline, and the market price widened until the end of the market, and it ended. By sector, while automobiles and auto parts rose, durable consumer goods and apparel declined.

Meta Platforms (META), which operates social media Facebook (FB), rose as analysts raised target stock prices in response to expectations for artificial intelligence (AI). The electric vehicle manufacturer Tesla (TSLA) also rose as it became clear in reports to the authorities that analysts raised target stock prices and that famous investors increased their stock holdings of the company.

The Walgreens Boots Alliance (WBA), which operates drugstore retail stores, announced the suspension of quarterly dividends that have continued for 92 years to secure cash for management reconstruction, and it was sold. Shoe manufacturer Decker's Outdoor (DECK), which operates popular brands such as Hoka and AG, raised its outlook, but it did not meet expectations and fell. The profit of the energy company Chevron (CVX) fell short of expectations in the fourth quarter financial results. Chipotle Mexican Grill (CMG), which operates casual Mexican restaurants, and Constellation Brands (STZ), a beverage company that operates COVID-19 beer, etc. were wary of tariffs imposed by the Trump administration, and each fell.

President Trump mentioned that the talks with NVIDIA's Chief Executive Officer (CEO) had good content. At the same time, the policy of imposing tariffs on semiconductors was clarified.

(Horiko Capital Management LLC)