Japan Stocks Close Higher as Paper & Pulp, Power, and Rubber Sectors Lead Gains

Japan Stocks Decline as Railway & Bus, Services, and Rubber Sectors Lead Losses

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.

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.

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