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.
