Key Points
- The Nikkei 225 declined by 0.83%, with losses in the Precision Instruments, Automobiles & Parts, and Gas & Water sectors.
- Keio Corp. (TYO:9008), Taiheiyo Cement Corp. (TYO:5233), and KDDI Corp. (TYO:9433) were among the top performers.
- Furukawa Electric Co., Ltd. (TYO:5801), Fujikura Ltd. (TYO:5803), and Advantest Corp. (TYO:6857) were among the worst performers.
- Advancing stocks outnumbered declining, with 2,554 gainers, 1,072 decliners, and 256 remaining unchanged. The Nikkei Volatility Index increased by 2.22%.
Japan’s stock market closed lower on Monday as declines in the Precision Instruments, Automobiles & Parts, and Gas & Water sectors weighed on the market. The Nikkei 225 index dropped 0.92% or 366.18 to 39,565.80, reflecting investor concerns about sector-wide weakness.
Despite the overall downturn, some stocks posted gains. Keio Corp. (TYO:9008) led the gainers, rising 6.23%, or 231.00 JPY, to close at 3,938.00. Taiheiyo Cement Corp. (TYO:5233) followed with a 5.53% increase, adding 209.00 JPY to end at 3,987.00, while KDDI Corp. (TYO:9433) advanced 4.81%, closing at an all-time high of 5,103.00, up by 234.00 JPY.
On the downside, Furukawa Electric Co., Ltd. (TYO:5801) was the session’s biggest loser, plunging 11.27%, or 903.00 JPY, to close at 7,108.00. Fujikura Ltd. (TYO:5803) declined 10.66% or 778.00 JPY, ending at 6,522.00, and Advantest Corp. (TYO:6857) lost 8.61% or 865.00 JPY, settling at 9,185.00.
Overall, advancing stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2,554 gainers, 1,072 decliners, and 256 remaining unchanged. The Nikkei Volatility Index measures the implied volatility of Nikkei 225 options, which increased by 11.11% or 2.22 to reach 22.21.
In commodities markets, crude oil for March delivery fell 0.67%, or $0.50, to $74.16 per barrel. Brent oil for April delivery declined 0.71%, closing at $77.00 per barrel. Meanwhile, gold futures for April fell 0.69%, or $19.44, to settle at $2,787.16 per troy ounce.
In forex trading, the USD/JPY pair edged up 0.08% to 155.87, while the EUR/JPY pair slipped 0.13%, ending at 163.05. The US Dollar Index Futures gained 0.28%, reaching 107.55, signaling a stronger dollar against major currencies.
