Key Points:
- Japan stocks declined, with notable losses in key sectors such as Paper & Pulp, Retail, Chemical, Petroleum & Plastic. The Nikkei 225 index retreated by 0.74%
- Tokyo Electric Power Co., Inc. (TYO:9501), Kansai Electric Power Co. Inc. (TYO:9503), and Mitsubishi Materials Corp. (TYO:5711) were among the top performers.
- Astellas Pharma Inc. (TYO:4503), Takashimaya Co., Ltd. (TYO:8233), and Sumitomo Dainippon Pharma Co Ltd (TYO:4506) were among the worst performers.
- 2252 stocks experienced losses, 1406 stocks recorded gains, and 221 remained unchanged. The Nikkei Volatility index was down 4.15%.
After Monday’s trading session, Japan stocks faced a downturn, primarily due to declines in the Paper & Pulp, Retail, Chemical, Petroleum & Plastic sectors. The Nikkei 225 index stands at 39,232.80, experiencing a decrease of 290.75 points, marking a 0.74% decline.
Among the top performers of the session on the Nikkei 225 were Tokyo Electric Power Co., Inc. (TYO:9501), which surged by 5.83% or 61.00 points to trade at 1,108.00. Kansai Electric Power Co Inc (TYO:9503) gained 4.25% or 100.00 points to end at 2,454.00. Mitsubishi Materials Corp. (TYO:5711) also exhibited a notable rise, climbing by 4.12% or 128.00 points to 3,236.00 in late trade.
Conversely, the worst performers included Astellas Pharma Inc. (TYO:4503), which witnessed a significant decline of 7.96% or 125.00 points, closing at 1,446.00. Takashimaya Co., Ltd. (TYO:8233) followed suit with a drop of 6.66% or 168.00 points, ending at 2,354.00, while Sumitomo Dainippon Pharma Co Ltd (TYO:4506) experienced a decline of 3.69% or 15.00 points, settling at 392.00.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange, with 2252 stocks experiencing losses, 1406 stocks recording gains, and 221 stocks remaining unchanged. Tokyo Electric Power Co., Inc. (TYO:9501), Kansai Electric Power Co. Inc. (TYO:9503), and Mitsubishi Materials Corp. (TYO:5711) all have reached 5-year highs. The Nikkei Volatility index, which reflects the implied volatility of Nikkei 225 options, was down by 4.15% or 0.83 to 20.80.
In commodities trading, crude oil for May delivery declined slightly by 0.51% to $85.22 a barrel, while Brent oil for June delivery fell by 0.45% to $90.04 a barrel. Conversely, the June Gold Futures contract increased marginally by 0.03% to trade at $2,374.90 a troy ounce.
The currency market saw the USD/JPY pair rise by 0.35% to 153.82 and the EUR/JPY pair increase by 0.75% to 163.99. The US Dollar Index Futures recorded a decrease of 0.14% to 105.68.
