Key Points:
- Japan stocks experienced higher gains in the Steel, Railway & Bus, and Textile sectors. At the close, the Nikkei 225 index rose by 0.91%.
- Furukawa Electric Co., Ltd. (TYO:5801), Tokyo Electric Power Co., Inc. (TYO:9501), and Fujitsu Ltd. (TYO:6702) were among the top performers.
- Sharp Corp (TYO:6753), DeNA Co Ltd (TYO:2432), and Advantest Corp. (TYO:6857) were among the worst performers.
- 2455 stocks advanced, 1179 declined, and 238 remained unchanged. The Nikkei Volatility Index increased by 9.93%.
Japan stocks closed higher on Monday, with gains in the Steel, Railway & Bus, and Textile sectors leading the market upward. At the close in Tokyo, the Nikkei 225 index added 0.91%, reflecting positive sentiment among investors.
The session saw notable performances from several companies on the Nikkei 225 index. Furukawa Electric Co., Ltd. (TYO:5801) led the gains, rising by 3.84% or 119.00 points to trade at 3,216.00 by the close. Tokyo Electric Power Co., Inc. (TYO:9501) and Fujitsu Ltd. (TYO:6702) also registered gains of 3.93% and 3.50%, respectively.
However, some companies experienced declines during the session. Sharp Corp (TYO:6753) was among the worst performers, falling by 3.18% or 27.00 points to trade at 825.00 by the close. DeNA Co Ltd (TYO:2432) and Advantest Corp. (TYO:6857) also saw notable declines, down by 1.43% and 1.22%, respectively.
Overall, rising stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2455 stocks advanced, 1179 declined, and 238 remained unchanged. The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, increased by 9.93% to 21.48, reflecting a slightly higher level of market uncertainty.
Crude oil prices declined in commodities trading, with the May delivery down 1.56% to $85.55 a barrel. Brent oil for delivery in June also fell by 1.60% to $89.71 a barrel. However, the June Gold Futures contract rose 0.44% to trade at $2,355.65 a troy ounce.
In currency markets, the USD/JPY pair increased slightly by 0.14% to 151.82, while the EUR/JPY pair rose by 0.11% to 164.44. The US Dollar Index Futures, which measures the performance of the US dollar against a basket of major currencies, edged up by 0.06% to 104.14.
