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

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

Key Points:

  • Top performers on the Nikkei 225 included Hitachi Zosen Corp., Aozora Bank, and Omron Corp.
  • Mitsui Engineering & Shipbuilding, Rakuten Inc., and Sapporo Holdings Ltd. were among the session’s worst performers.
  • Despite the overall dip, rising stocks outnumbered declining ones on the Tokyo Stock Exchange.

Japan stocks saw a slight decline on Tuesday, with losses primarily driven by the Transportation Equipment, Precision Instruments, and Electrical/Machinery sectors.

On the Nikkei 225, Japan’s benchmark stock index showed a slight decline of 0.28%, with the index standing at 38,363.61 points, reflecting a decrease of 106.77 points. Among the top performers on the Nikkei 225 were Hitachi Zosen Corp. (TYO:7004), which surged by 4.14%, Aozora Bank, Ltd. (TYO:8304) with a gain of 3.70%, and Omron Cor (TYO:6645) rising by 3.36%.

Conversely, Mitsui Engineering & Shipbuilding (TYO:7003) experienced a notable decline of 6.93%, followed by Rakuten Inc. (TYO:4755), falling by 5.40%, and Sapporo Holdings Ltd. (TYO:2501), down by 4.57%.

Despite the overall dip, the number of rising stocks exceeded the declining ones, with 1850 stocks advancing compared to 1788 stocks declining, while 242 stocks remained unchanged.

Hitachi Zosen Corp. (TYO:7004) saw its shares reach 5-year highs during the session. The Nikkei Volatility measures the implied volatility of Nikkei 225 options, decreased by 7.96% to 19.88.

In commodity trading, crude oil for April delivery increased by 0.20%, while April Brent oil fell by 0.10%. Meanwhile, the April Gold Futures contract rose by 0.05%. The currency market saw USD/JPY up by 0.17% to 150.37, and EUR/JPY rose by 0.09% to 161.98. The US Dollar Index Futures also saw an increase of 0.11%.

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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