Key Points
- Nikkei 225 gained 0.72%, led by the Communication, Transport, and Marine Transport sectors.
- Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506), Sumitomo Electric Industries Ltd. (TYO:5802), and Kyocera Corp. (TYO:6971) were among the top performers.
- Mitsubishi Motors Corp. (TYO:7211), Yamaha Motor Co. Ltd. (TYO:7272), and Aozora Bank, Ltd. (TYO:8304) were among the worst performers.
- The market saw 2,082 stocks rise, 1,528 declines, and 255 remain unchanged. The Nikkei Volatility Index decreased by 5.80%.
Japanese stocks closed higher on Tuesday, with the Nikkei 225 gaining 0.72% or 278.28 to 38,798.37, driven by strong performances in the Communication, Transport, and Marine Transport sectors. The session saw more advancing stocks than declining ones, reflecting a positive market sentiment.
The session’s biggest gainer was Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506), which surged 9.72%, or 69.00 JPY, to 779.00, a new 52-week high. Sumitomo Electric Industries Ltd. (TYO:5802) also posted impressive gains, rising 8.04%, or 224.00 JPY, to 3,009.00. Meanwhile, Kyocera Corp. (TYO:6971) climbed 7.44%, or 118.00 JPY, closing at 1,696.00.
On the losing side, Mitsubishi Motors Corp. (TYO:7211) suffered the steepest decline, dropping 14.74% or 66.00 JPY to 380.00. Yamaha Motor Co. Ltd. (TYO:7272) also fell, down 3.65% or 46.00 JPY, settling at 1,200.00. Additionally, Aozora Bank, Ltd. (TYO:8304) declined 3.29% or 78.00 JPY to 2,292.00.
Overall, the market saw 2,082 stocks rising, 1,528 declining, and 255 remaining unchanged on the Tokyo Stock Exchange. The Nikkei Volatility Index, which measures implied volatility in Nikkei 225 options, decreased 5.80% or 1.43 to 23.20, indicating reduced market uncertainty.
The USD/JPY pair rose 0.32% to 155.24 in currency markets, while the EUR/JPY fell 0.09% to 159.92. The US Dollar Index Futures edged down 0.18% to 108.68.
Crude oil prices slipped, with March crude oil futures dropping 1.56% or $1.14 to $72.02 per barrel. Brent oil for April delivery also declined 0.88% or $0.67 to $75.29 per barrel. Gold futures for April fell 0.53% or $15.00 to $2,842.10 per troy ounce.