Key Points
- The Nikkei 225 rose 0.14%, reaching a one-month high, driven by gains in the Shipbuilding, Power, and Manufacturing sectors.
- IHI Corp. (TYO:7013), Credit Saison Co., Ltd. (TYO:8253), and Fujikura Ltd. (TYO:5803) were among the top performers on the Nikkei 225.
- Sumitomo Dainippon Pharma Co. (TYO:4506) and Chugai Pharmaceutical Co. (TYO:4519) were among the biggest losers.
- Declining stocks outnumbered, advancing by 2,109 to 1,517 on the Tokyo Stock Exchange. The index fell 6.08% to a one-month low of 21.32.
Japan’s stock market ended higher on Monday, driven by gains in the Shipbuilding, Power, and Manufacturing sectors. At the close in Tokyo, the Nikkei 225 rose by 53.12 or 0.14% to 38,700.87, reaching a new one-month high.
Among the top performers on the Nikkei 225 was IHI Corp. (TYO:7013), which surged 350 or 5.52% to close at 6,688.00 yen, marking a five-year high for the stock. Credit Saison Co., Ltd. (TYO:8253) also performed well, climbing 175 or 5.43% to end at 3,400.00 yen, while Fujikura Ltd. (TYO:5803) advanced 208 or 4.94% to reach an all-time high of 4,415.00 yen in late trading.
Conversely, the session’s worst performers included Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506), which fell 41 or 6.13% to 628.00 yen. Chugai Pharmaceutical Co., Ltd. (TYO:4519) declined 448 or 6.07% to 6,936.00 yen, and Yamato Holdings Co., Ltd. (TYO:9064) dropped 57 or 3.37% to 1,635.00 yen.
Overall, declining stocks outnumbered advancing ones on the Tokyo Stock Exchange, with 2,109 stocks falling, 1,517 rising, and 255 remaining unchanged. The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, decreased by 6.08% to 21.32, hitting a new one-month low.
In commodities trading, crude oil for October delivery declined by 0.60% to $73.11 per barrel, while Brent oil for November delivery fell 0.71% to $76.38 per barrel. Meanwhile, the December Gold Futures contract increased 0.22% to $2,533.10 per troy ounce, indicating a slight increase in gold prices.
On the currency front, the USD/JPY pair rose by 0.08% to 146.27, and the EUR/JPY climbed 0.17% to 161.76. The US Dollar Index Futures saw a minor decrease of 0.03%, settling at 101.59.
