Japan Stocks Decline, Nikkei 225 Hits New 1-Month Low

Japan Stocks Dip, Hitachi Zosen Corp., and Aozora Bank Among Top Performers

Key Points:

  • Japan’s stock declined, led by the Shipbuilding, Chemical, Petroleum & Plastic, and Insurance sectors. The Nikkei 225 hit a new 1-month low.
  • Resonac Holdings Corp (TYO:4004), Kawasaki Kisen Kaisha, Ltd. (TYO:9107), and Mitsubishi Heavy Industries, Ltd. (TYO:7011) were among the top performers.
  • Lasertec Corp (TYO:6920), LY Corp (TYO:4689), and Chubu Electric Power Co., Inc. (TYO:9502) were among the worst performers.
  • 2883 stocks declined, 775 stocks gained, and 208 ended unchanged. The Nikkei 225 Volatility Index rose 3.07%.

Japan stocks experienced a downturn after the close on Wednesday, with losses observed in the Shipbuilding, Chemical, Petroleum & Plastic, and Insurance sectors. The Nikkei 225 index declined by 1.32% or 509.40, reaching 37,961.80, a new 1-month low at the close in Tokyo.
2,048 JPY+90 (4.60%)

Among the best performers on the Nikkei 225 were Resonac Holdings Corp (TYO:4004), which rose significantly by 11.98% or 415.00 points to trade at 3,880.00. Kawasaki Kisen Kaisha, Ltd. (TYO:9107) added 4.60% or 90.00 points to end at 2,048.00, while Mitsubishi Heavy Industries, Ltd. (TYO:7011) saw a gain of 3.35% or 45.00 points, closing at 1,387.00 in late trade.

Conversely, Lasertec Corp (TYO:6920) declined 7.85%, or 3,190.00 points, to trade at 37,430.00 at the close, marking one of the session’s worst performers. LY Corp (TYO:4689) declined by 5.32%, or 19.00 points, closing at 340.00, while Chubu Electric Power Co., Inc. (TYO:9502) was down by 4.94%, or 100.00 points, ending at 1,932.00.

The Tokyo Stock Exchange witnessed more falling stocks, with 2883 declining stocks compared to 775 advancing ones, while 208 ended unchanged. Shares in Resonac Holdings Corp (TYO:4004) surged to 3-year highs, while LY Corp (TYO:4689) fell to 52-week lows. The Nikkei 225 Volatility, measuring the implied volatility of Nikkei 225 options, rose by 3.07% or 0.68 to 22.77, reaching a new 3-month high.

In commodities trading, crude oil for May delivery experienced a decrease of 0.55% or 0.47, trading at $84.89 a barrel. Brent oil for delivery in June fell by 0.43% or 0.39, reaching $89.63 a barrel. Meanwhile, the June Gold Futures contract fell by 0.61% or 14.75, trading at $2,393.05 a troy ounce.

In currency markets, the Euro to Japanese Yen (EUR/JPY) exchange rate fell by 0.07% to 164.18. Conversely, the US Dollar to Japanese Yen (USD/JPY) rate was 154.59, down by 0.08%. The US Dollar Index Futures saw a slight increase of 0.05% in currency indices, reaching 106.12.

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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