Key Points
- Japanese stocks declined as Nikkei 225 dropped 1.00% due to weakness in Transportation Equipment and Precision Instruments sectors.
- Kansai Electric Power Co. Inc. (TYO: 9503), Fujikura Ltd. (TYO: 5803), and Advantest Corp. (TYO: 6857) were among the best performers.
- Shiseido Co., Ltd. (TYO: 4911), Yaskawa Electric Corp. (TYO: 6506), and Mercari Inc. (TYO: 4385) were among the worst performers.
- 2,968 stocks fell compared to 702 that advanced, while 181 stocks remained unchanged. The Nikkei Volatility Index surged by 11.09%.
Japan’s stock market ended lower on Tuesday, as significant losses in the Transportation Equipment, Precision Instruments, and Railway & Bus sectors weighed heavily on the overall performance. The Nikkei 225 index closed down 1.00% or 395.20 to 38,937.54, continuing a trend of volatility in the market driven by global economic uncertainties and sector-specific challenges.
Despite the broader market decline, several companies managed to post gains. Kansai Electric Power Co Inc (TYO: 9503) led the best performers, rising 4.67% or 118 to close at 2,646.00. Another notable gainer was Fujikura Ltd. (TYO: 5803), which added 4.07% or 203 to end at 5,190.00, hitting an all-time high due to solid product demand growth. Advantest Corp. (TYO: 6857) also gained 2.49% or 179, finishing the day at 7,370.00.
The market downturn was led by Shiseido Co., Ltd. (TYO: 4911), which saw its shares fall by 6.05% or 232 to trade at 3,604.00 at the close. Yaskawa Electric Corp. (TYO: 6506) followed, declining 5.41% or 270 to end the session at 4,723.00. Similarly, Mercari Inc. (TYO: 4385) struggled, dropping 5.39% or 143 to close at 2,510.00.
A notable aspect of Tuesday’s trading was the dominance of declining stocks, as 2,968 stocks fell compared to 702 that advanced, while 181 stocks remained unchanged. The Nikkei Volatility Index surged by 11.09% or 3.35 to hit 33.54, marking a new one-month high and indicating increased market uncertainty.
In commodities, crude oil for November delivery fell 1.74% or $1.34, closing at $75.80 per barrel. Brent oil for December delivery declined by 1.69% or $1.37 to settle at $79.56 per barrel, reflecting concerns over reduced global demand and economic slowdown. Gold Futures for December delivery dipped 0.20% or $5.40 to trade at $2,660.60 per troy ounce.
In currency markets, the USD/JPY declined 0.20% to 147.88, while EUR/JPY also fell by 0.15% to 162.43. The US Dollar Index Futures were down 0.12% to 102.18, reflecting a cautious global market environment.