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.
