Key Points:
- Japan’s stocks experienced a positive note with notable gains in the paper & pulp, power, and rubber sectors. At the close, the Nikkei 225 index rose by 0.66%.
- Sumitomo Realty & Development Co. (TYO:8830) surged by 8.30%, Tokyo Tatemono Co., Ltd. (TYO:8804) by 7.36%, and Tokyu Fudosan (TYO:3289) by 5.83%.
- Pacific Metals Co., Ltd. (TYO:5541) declined by 3.31%, with Terumo Corp. (TYO:4543) and Tokyo Electric Power Co., Inc. (TYO:9501) also facing setbacks.
- USD/JPY pair climbed to 151.53, while EUR/JPY rose to 164.69. The US Dollar Index Futures showed a slight uptick, closing at 103.54.
Japan stocks concluded Wednesday’s trading session on a positive note, buoyed by notable gains in the Paper & Pulp, Power, and Rubber sectors. At the close in Tokyo, the Nikkei 225 index edged up by 0.66%, reflecting a favorable market sentiment.
Among the top performers on the Nikkei 225, Sumitomo Realty & Development Co. (TYO:8830) demonstrated a remarkable surge of 8.30%, adding 402.00 points to reach 5,232.00 at the closing bell. Tokyo Tatemono Co., Ltd. (TYO:8804) followed suit with a notable increase of 7.36%, gaining 163.00 points to close at 2,377.50, while Tokyu Fudosan (TYO:3289) recorded a rise of 5.83%, climbing 64.50 points to 1,170.50 in late trade.
Conversely, Pacific Metals Co., Ltd. (TYO:5541) experienced a decline of 3.31%, shedding 46.00 points to trade at 1,346.00 by the session’s end. Terumo Corp. (TYO:4543) and Tokyo Electric Power Co., Inc. (TYO:9501) also faced setbacks, dropping by 2.62% and 2.50%, respectively.
Notably, Sumitomo Realty & Development Co. (TYO:8830), Tokyo Tatemono Co., Ltd. (TYO:8804), and Tokyu Fudosan (TYO:3289) reached new highs, underlining the market’s positive momentum. The Nikkei Volatility Index, which gauges the implied volatility of Nikkei 225 options, decreased by 3.61% to 19.50.
In commodities trading, crude oil for May delivery dipped by 0.22% to $82.55 per barrel, while Brent oil for May delivery fell by 0.17% to $87.23 per barrel. April Gold Futures experienced a marginal decline of 0.01%, trading at $2,159.50 per troy ounce.
The currency market witnessed the USD/JPY pair climbing by 0.45% to 151.53, while the EUR/JPY pair rose by 0.46% to 164.69. The US Dollar Index Futures showed a slight uptick of 0.06%, closing at 103.54.
