Japanese Stocks Rise as Glass, Transportation, and Banking Sectors Lead Gains

Japanese Stocks Experienced Decline, Led by Shipbuilding and Insurance Sectors

Key Points

  • Japanese stocks rose as the Nikkei 225 index closed up 1.11% due to strong performances in the Glass, Transportation Equipment, and Banking sectors.
  • Top performers were Sumitomo Electric Industries Ltd. (TYO:5802), Nomura Holdings Inc. (TYO:8604), and Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506).
  • Yamaha Corp. (TYO:7951), NH Foods Ltd (TYO:2282), and Recruit Holdings Co Ltd (TYO:6098) were among the worst performers.
  • 2,201 stocks advanced, 1,367 stocks declined, and 286 remained unchanged. The Nikkei Volatility Index rose by 4.30%.

Japan’s stock market closed higher on Tuesday, with the Nikkei 225 climbing 1.11% or 421.23 to 38,474.90 due to strong performances in the Glass, Transportation Equipment, and Banking sectors. The session saw a broad market upswing, with most stocks trending positively and overall investor sentiment buoyed by sector-specific gains.

Among the top performers, Sumitomo Electric Industries Ltd. (TYO:5802) led the way with a substantial gain of 10.59% or 247 to 2,579 JPY. Nomura Holdings Inc. (TYO:8604) also posted a significant rise of 10.61%, up 82.00, ending at 860 JPY. Another standout, Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506), saw an increase of 6.36% or 35.00, reaching 585.00 JPY by the session’s close.

On the other hand, several stocks experienced declines. Yamaha Corp. (TYO:7951) faced the steepest drop, sliding 13.21% or 164.50 to finish at 1,081.00 JPY, reaching its lowest level in five years. NH Foods Ltd. (TYO:2282) also saw a notable decrease, falling 9.79% or 516.00 to end at 4,754.00 JPY. Recruit Holdings Co. Ltd. (TYO:6098) was down 3.81%, losing 348.00 and closing at 8,793.00 JPY.

The Tokyo Stock Exchange had a generally positive day, with 2,201 stocks advancing, 1,367 stocks declining, and 286 remaining unchanged. This broad support across sectors highlights a positive market trend for the day. The Nikkei Volatility Index, which measures implied volatility for Nikkei 225 options, rose by 4.30% or 1.12 to reach 27.15, indicating some caution among investors despite the day’s gains.

In the commodities market, Crude oil for December delivery dipped slightly by 0.04% or 0.03 to $71.44 per barrel, while Brent oil for January delivery decreased by 0.03% or 0.02 to $75.06 per barrel. The December Gold Futures contract also fell by 0.12% or 3.35, closing at $2,742.85 per troy ounce.

In the forex market, the USD/JPY pair gained 0.12% to reach 152.32, while the EUR/JPY pair rose 0.13% to 165.69. The U.S. Dollar Index Futures saw a minor increase of 0.02%, closing at 103.81, reflecting a slightly stronger dollar.

EDITORIAL TEAM
EDITORIAL TEAM
TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

Read More

We are highly passionate and dedicated to delivering our readers the latest information and insights into technology innovation and trends. Our mission is to help understand industry professionals and enthusiasts about the complexities of technology and the latest advancements.

Visits Count

Last month: 86272
This month: 62420 🟢Running

Company

Contact Us

Follow Us

TECHNOLOGY ARTICLES

SERVICES

COMPANY

CONTACT US

FOLLOW US