Japanese stock ADRs rose almost across the board in the US stock market on the 21st, with Sumitomo Mitsui Financial Group ADRs and Mizuho Financial Group ADRs gaining. Takeda Pharmaceutical ADRs, meanwhile, fell. With the Tokyo market closed, buying of ADRs against the backdrop of gains in US stocks was pronounced.
Japanese stock ADRs were broadly bought in the US stock market on the 21st, rising almost across the board. With the Tokyo market closed, there was no trading in the underlying shares, making ADR movements the focus of the market. Japanese stock ADRs were frequently bought in line with the broader gains in US stocks.
Individually, Sumitomo Mitsui Financial Group ADRs and Mizuho Financial Group ADRs rose. Takeda Pharmaceutical ADRs, by contrast, fell.
These moves represented ADRs' reaction to developments in the US stock market and can be viewed as movements that occurred as trading activity in the local market picked up.