Key Points:
- The Nikkei 225 index in Tokyo declined by 2.11% at the close, primarily driven by downturns in the Railway and bus, Services, and Rubber sectors.
- Top performers included Dai Nippon Printing Co., Ltd. (TYO:7912), Teijin Ltd. (TYO:3401), and Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506).
- There were significant declines in Mitsui Mining and Smelting Co. (TYO:5706), SoftBank Group Corp. (TYO:9984), and Toyota Tsusho Corp. (TYO:8015).
- Falling stocks outnumbered advancing ones by 3139 to 610, while 135 ended unchanged. The Nikkei Volatility Index surged by 1.39% to reach a 1-month high.
Japan stocks ended lower on Monday, with the Nikkei 225 index declining by 2.11% at the close in Tokyo. Downturns in the Railway & bus, Services, and Rubber sectors primarily drove losses.
Among the top performers on the Nikkei 225, Dai Nippon Printing Co., Ltd. (TYO:7912) witnessed a notable rise of 5.79%, contributing to the positive momentum. Similarly, Teijin Ltd. (TYO:3401) added 3.87%, while Sumitomo Dainippon Pharma Co Ltd (TYO:4506) saw a gain of 2.79% by the end of the trading session.
However, the session saw significant declines among certain stocks. Mitsui Mining and Smelting Co. (TYO:5706) experienced a notable fall of 7.00%, while SoftBank Group Corp. (TYO:9984) declined by 6.04%. Toyota Tsusho Corp. (TYO:8015) also witnessed a decrease of 5.59%.
Market sentiment was reflected in the ratio of declining to advancing stocks on the Tokyo Stock Exchange, with falling stocks outnumbering advancing ones by 3139 to 610, while 135 ended unchanged. The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, surged by 1.39% to reach a new 1-month high of 21.95.
In commodities trading, crude oil prices experienced a slight decline, with the April delivery down by 0.54% to $77.59 a barrel. Similarly, Brent oil for delivery in May fell by 0.43% to hit $81.73 a barrel. Meanwhile, the April Gold Futures contract witnessed a marginal decrease of 0.01% to trade at $2,185.30 a troy ounce.
The currency market saw the USD/JPY pair decline by 0.08% to 146.95, while EUR/JPY fell by 0.16% to 160.73. The US Dollar Index Futures remained relatively stable, increasing by 0.01% to 102.34.
