Key Points
- Nikkei 225 Index dropped 2.18%, with Transportation and Power sectors leading the losses.
- Inpex Corp. (TYO:1605), Pacific Metals Co., Ltd. (TYO:5541), and Sumitomo Metal Mining Co., Ltd. (TYO:5713) were among the top performers.
- TDK Corp. (TYO:6762), Isetan Mitsukoshi Holdings Ltd. (TYO:3099), and Advantest Corp. (TYO:6857) were among the worst performers.
- 2,920 stocks falling compared to just 739 advancing, while 198 ended unchanged. The Nikkei Volatility Index fell by 12.33% to 24.75.
Japan’s stock market closed lower on Wednesday, led by significant losses in the Transportation Equipment, Power, and Transport sectors. The Nikkei 225 index dropped by 843.21 or 2.18% to 37,808.76, reflecting a broad-based sell-off as concerns about economic growth and sector-specific pressures weighed on investor sentiment.
Despite the overall decline, some stocks in the Nikkei 225 managed to post gains. Inpex Corp. (TYO:1605) led the market’s winners, rising 4.41% or 87.00 points to close at 2,058.50. Pacific Metals Co., Ltd. (TYO:5541) followed closely, adding 4.02% or 56.00 points to finish at 1,448.00. Sumitomo Metal Mining Co., Ltd. (TYO:5713) also saw a strong session, increasing 3.22% or 143.00 points to close at 4,589.00.
However, TDK Corp. (TYO:6762) experienced the steepest decline, falling 5.13% or 100.00 points to trade at 1,847.50. Isetan Mitsukoshi Holdings Ltd. (TYO:3099) followed closely, declining 4.95% or 116.00 points to end at 2,229.00. Meanwhile, Advantest Corp. (TYO:6857) dropped 4.85% or 334.00 points to close at 6,556.00.
The Tokyo Stock Exchange saw a broader decline, with 2,920 stocks falling compared to just 739 advancing, while 198 ended unchanged. This widespread drop across sectors indicates growing investor concerns about the economic outlook. The Nikkei Volatility Index, which tracks the implied volatility of Nikkei 225 options, fell by 12.33% to 24.75.
In the commodities market, Crude Oil for November delivery gained 1.63% or $1.14 to reach $70.97 a barrel, while Brent Oil for December delivery rose 1.52% or $1.12 to trade at $74.68 a barrel. Conversely, Gold Futures for December delivery fell 0.78% or $21.10 to trade at $2,669.20 per troy ounce.
In the currency markets, the USD/JPY pair was up 0.24% to 143.91, while the EUR/JPY rose 0.22% to 159.25, signaling a stronger U.S. dollar against the Japanese yen. Meanwhile, the U.S. Dollar Index Futures increased by 0.07% to 101.00.
