Japan Stocks Rally on Sectoral Gains, Rakuten Inc. Leads Surge

Japan Stocks Slightly Higher, ASX 200 Hits Record High on Month-End Buying

Key Points:

  • Japanese stocks rallied, driven by gains in the Power, Mining, and Insurance sectors. The Nikkei 225 index surged by 1.47%, reflecting a positive sentiment.
  • Rakuten Inc. (TYO:4755), Nomura Holdings Inc. (TYO:8604), and Fujikura Ltd. (TYO:5803) were among the top performers.
  • Sumitomo Dainippon Pharma Co Ltd. (TYO:4506), Daiichi Sankyo Co., Ltd. (TYO:4568), and Sony Corp. (TYO:6758) were among the worst performers.
  • 2552 stocks advanced, 1089 declined, and 239 remained unchanged. The Nikkei Volatility Index decreased by 3.63%.

Japanese stocks closed higher on Tuesday, buoyed by strong performance in the Power, Mining, and Insurance sectors. At the close in Tokyo, the Nikkei 225 index surged by 1.57% or 599.03 to 38,835.10, reflecting a positive market sentiment.

Among the top performers on the Nikkei 225 was Rakuten Inc. (TYO:4755), which saw a significant increase of 6.04% or 45.40 points, reaching 797.60 by the close. Additionally, Nomura Holdings Inc. (TYO:8604) added 5.86% or 51.40 points, closing at 927.80, while Fujikura Ltd. (TYO:5803) experienced a gain of 5.74% or 159.50 points, settling at 2,939.00 in late trade.

Conversely, Sumitomo Dainippon Pharma Co., Ltd. (TYO:4506) emerged as one of the worst performers, witnessing a decline of 3.49% or 13.00 points, concluding at 360.00. Following suit, Daiichi Sankyo Co., Ltd. (TYO:4568) fell by 3.24% or 178.00 points, reaching 5,324.00, while Sony Corp. (TYO:6758) experienced a decrease of 2.91% or 380.00 points, closing at 12,680.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2552 stocks advancing, 1089 declining, and 239 remaining unchanged. Notably, Fujikura Ltd. (TYO:5803) reached all-time highs. The Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, decreased by 3.56% or 0.71 to 19.20.

In commodities trading, Crude oil for June delivery saw a slight increase of 0.14% or 0.11, trading at $78.59 a barrel. Brent oil for delivery in July also rose by 0.13% or 0.11, reaching $83.44 a barrel, while the June Gold Futures contract fell by 0.16% or 3.80, trading at $2,327.40 a troy ounce.

Currency-wise, USD/JPY rose by 0.39% to 154.48, while EUR/JPY increased by 0.27% to 166.21. The US Dollar Index Futures rose by 0.20% to 105.13.

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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