Key Points:
- The Nikkei 225 index surged by 2.67%, driven by gains in the Chemical, Petroleum & plastic, Power, and Mining sectors.
- The top performers on the Nikkei 225 index were Rakuten Inc. (TYO:4755), Nidec Corp. (TYO:6594), and Lasertec Corp. (TYO:6920).
- Conversely, Tokyo Electric Power Co., Inc. (TYO:9501), Chubu Electric Power Co., Inc. (TYO:9502), and Teijin Ltd. (TYO:3401) experience significant declines.
- Rising stocks outnumber declining ones, with 2743 Rising stocks, 932 declining, and 213 ending unchanged. The Nikkei Volatility Index decreased by 1.17%.
Following Monday’s trading session, Japan stocks experienced a notable surge, buoyed by strong performances in the Chemical, Petroleum and plastic, Power, and Mining sectors. The Nikkei 225 index closed with a remarkable gain of 2.67%, reflecting positive sentiment among investors.
Among the top performers on the Nikkei 225 index were Rakuten Inc (TYO:4755), which saw a notable increase of 7.43%, closing at 827.00 points. Additionally, Nidec Corp (TYO:6594) and Lasertec Corp (TYO:6920) demonstrated robust performances, rising by 6.02% and 6.01%, respectively, by the end of the trading session.
Conversely, Tokyo Electric Power Co., Inc. (TYO:9501) experienced a significant decline of 14.21%, with its stock trading at 829.00 points at the close. Chubu Electric Power Co., Inc. (TYO:9502) and Teijin Ltd. (TYO:3401) also registered losses, declining by 2.83% and 1.29%, respectively.
Overall, the Japan Stock Exchange witnessed favorable market sentiment. Rising stocks outnumber declining ones, with 2743 Rising stocks, 932 declining, and 213 ending unchanged. The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, decreased by 1.17% to reach 20.33.
In commodities trading, crude oil prices saw modest gains, with the May delivery increasing by 0.50% to $80.98 a barrel. Similarly, Brent oil for delivery in May rose by 0.42% to hit $85.70 a barrel. However, the April Gold Futures contract experienced a slight decline of 0.50%, trading at $2,150.65 a troy ounce.
In the currency market, the USD/JPY pair saw a slight uptick of 0.08%, reaching 149.13, while the EUR/JPY pair rose by 0.07% to 162.38. The US Dollar Index Futures also recorded a marginal increase of 0.02% at 103.08, indicating stability in the currency markets.
