Key Points
- Nikkei 225 gained 0.32%, supported by Shipbuilding, Machinery, and Rubber sectors.
- Rising stocks outpaced declining ones, with 1,924 advancing, 1,598 declining, and 327 remaining unchanged. The Nikkei Volatility Index decreased by 1.42%.
- Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506), Lasertec Corp. (TYO:6920), and Renesas Electronics Corp. (TYO:6723) were among the top performers.
- Kawasaki Heavy Industries, Ltd. (TYO:7012), Eneos Holdings Inc. (TYO:5020), and Inpex Corp. (TYO:1605) were among the worst performers.
Japan’s stock market closed higher on Tuesday, with the Nikkei 225 rising by 0.32% or 125.48 to 39,027.98 as gains in the Shipbuilding, Machinery, and Rubber sectors supported the market’s upward momentum. Rising stocks outpaced declining ones on the Tokyo Stock Exchange, with 1,924 stocks advancing, 1,598 declining, and 327 remaining unchanged, indicating a broadly positive sentiment among investors. The Nikkei Volatility Index, which measures the implied volatility of options on the Nikkei 225, decreased by 1.42% or 0.31 to 21.50, reflecting reduced market uncertainty despite the mixed performance across sectors.
Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506) emerged as the session’s best performer, surging 4.02% to close at 569.00, adding 22.00 JPY. Lasertec Corp. (TYO:6920) followed with a 2.86% increase, climbing 430.00 JPY to end at 15,475.00. Renesas Electronics Corp. (TYO:6723) also saw notable gains, rising 2.21% to 2,079.00, up by 45.00 JPY in late trade.
On the downside, Kawasaki Heavy Industries, Ltd. (TYO:7012) led the session’s losses, dropping 3.91% to settle at 6,750.00, shedding 275.00 JPY. Eneos Holdings Inc. (TYO:5020) declined 2.65%, losing 22.00 JPY to end at 807.20, while Inpex Corp. (TYO:1605) fell 2.28%, closing at 1,911.00 after a decline of 44.50 JPY.
In the commodities market, crude oil for March delivery increased by 0.25%, rising 0.19 to $76.58 per barrel. Meanwhile, Brent oil for March delivery slipped 0.34%, declining 0.27 to $79.88 per barrel. Gold futures for February gained 0.29%, increasing by $8.04 to reach $2,739.84 per troy ounce, showing continued investor interest in precious metals.
Currency markets saw the USD/JPY pair marginally decline by 0.03% to 155.53, while the EUR/JPY pair dropped 0.48% to 161.26. However, the US Dollar Index Futures rose by 0.44%, reaching 108.36, indicating strength in the US dollar against other major currencies.