On the 29th, American depositary receipts (ADRs) of Japanese stocks were broadly lower in response to declines in Japanese and U.S. share prices. Takeda Pharmaceutical and Orix fell, while Sumitomo Mitsui Financial Group and Honda were also lower. Sony Group, meanwhile, rose.
In the U.S. equity market on the 29th, ADRs of Japanese stocks were broadly lower, with rising global interest rates and concerns over the situation in the Middle East cited as the background. Japanese-stock ADRs came under selling pressure as major Japanese and U.S. share indexes fell.
Takeda Pharmaceutical and Orix stood out with declines in ADR trading, while Sumitomo Mitsui Financial Group and Honda Motor also traded lower.
Sony Group, meanwhile, rose in ADR trading. The ADR market was generally weak, although performance varied by stock.