Business · Markets · 5 hrs ago
Japanese ADRs mixed as Mizuho and other banks rise
Japanese companies’ US-traded depositary receipts moved in different directions on Oct.
27.
Depositary receipts let investors trade shares linked to overseas companies in the US market.
AI and semiconductor stocks were bought, helping lift stock markets in both Japan and the US that day.
Mizuho, Sumitomo Mitsui and Mitsubishi UFJ gained in US trading.
Sony Group and Honda declined, showing that gains were not shared by all Japanese companies.
The update covers one trading session and gives no indication of what happens next.
Japanese American depositary receipts were mixed in the US stock market on October 27.
Mizuho Financial Group, Sumitomo Mitsui Financial Group and Mitsubishi UFJ rose.
Sony Group and Honda fell.
Japanese and US stock markets rose as artificial intelligence and semiconductor shares attracted buying, but trading in Japanese ADRs was mixed.
- Who
- Japanese companies represented by ADRs, including Mizuho Financial Group, Sony Group and Honda.
- What
- Japanese ADRs were mixed, with some shares rising and others falling.
- When
- October 27.
- Where
- The US stock market.
- Why
- Buying and selling were mixed in Japanese ADRs, despite buying in AI and semiconductor shares lifting Japanese and US stock markets.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Trading date
- October 27
- Mizuho Financial Group
- Rose
- Sumitomo Mitsui Financial Group
- Rose
- Mitsubishi UFJ
- Rose
- Sony Group
- Fell
- Honda
- Fell