Japanese Stocks Retreat as Shipbuilding and Power Sectors Lead Losses

Japanese Stocks Decline, Led by Paper & Pulp and Shipbuilding Sectors

Key Points:

  • Japanese stocks declined, particularly in the Shipbuilding, Power, and Fishing sectors, with the Nikkei 225 dropping by 1.46%.
  • Fujikura Ltd. (TYO:5803), Nippon Electric Glass Co., Ltd. (TYO:5214), and Sumitomo Realty & Development Co. (TYO:8830) were among the session’s best performers.
  • Conversely, Obayashi Corp. (TYO:1802), Nissui Corp (TYO:1332), and Credit Saison Co., Ltd. (TYO:8253) were among the worst performers in the session.
  • On the Tokyo Stock Exchange, 2827 stocks declined, 900 advanced, and 147 remained unchanged. The Nikkei 225 Volatility Index decreased by 0.22%.

Japanese stocks experienced a downturn on Thursday, with losses in the Shipbuilding, Power, and Fishery sectors leading the Nikkei 225 index to decline by 1.46% at the close in Tokyo.

The session’s best performers on the Nikkei 225 included Fujikura Ltd. (TYO:5803), which rose by 4.11% or 88.00 points to reach 2,230.00 by the close. Nippon Electric Glass Co., Ltd. (TYO:5214) also saw gains of 2.52% or 95.00 points, closing at 3,861.00, while Sumitomo Realty & Development Co. (TYO:8830) climbed 2.63% or 144.00 points to end the day at 5,616.00.

Conversely, the session’s worst performers included Obayashi Corp. (TYO:1802), which fell by 2.21% or 40.00 points, closing at 1,794.00. Nissui Corp (TYO:1332) declined by 3.53% or 35.00 points, reaching 948.00, and Credit Saison Co., Ltd. (TYO:8253) dropped by 1.96% or 62.00 points, ending the session at 3,107.00.

On the Tokyo Stock Exchange, falling stocks outnumbered advancing ones, with 2827 stocks declining, 900 advancing, and 147 remaining unchanged. Fujikura Ltd. (TYO:5803) and Realty & Development Co. (TYO:8830) saw shares rise to all-time highs, while Nippon Electric Glass Co., Ltd. (TYO:5214) reached 5-year highs. The Nikkei Volatility measures the implied volatility of Nikkei 225 options, decreased by 0.22% to 19.06.

In commodities trading, crude oil for May delivery rose by 0.58% to $81.82 a barrel, while Brent oil for June delivery increased by 0.47% to $85.81 a barrel. June Gold Futures rose by 0.24% to trade at $2,218.10 a troy ounce.

Currency pairs showed mixed movements, with USD/JPY remaining unchanged at 151.32, while EUR/JPY fell by 0.04% to 163.69. The US Dollar Index Futures edged up by 0.02% to 104.08.

TechGolly editorial team led by Al Mahmud Al Mamun. He worked as an Editor-in-Chief at a world-leading professional research Magazine. Rasel Hossain and Enamul Kabir are supporting as Managing Editor. Our team is intercorporate with technologists, researchers, and technology writers. We have substantial knowledge and background in Information Technology (IT), Artificial Intelligence (AI), and Embedded Technology.

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