Key Points
- Japanese stocks rose as the Nikkei 225 index closed up 1.11% due to strong performances in the Glass, Transportation Equipment, and Banking sectors.
- Top performers were Sumitomo Electric Industries Ltd. (TYO:5802), Nomura Holdings Inc. (TYO:8604), and Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506).
- Yamaha Corp. (TYO:7951), NH Foods Ltd (TYO:2282), and Recruit Holdings Co Ltd (TYO:6098) were among the worst performers.
- 2,201 stocks advanced, 1,367 stocks declined, and 286 remained unchanged. The Nikkei Volatility Index rose by 4.30%.
Japan’s stock market closed higher on Tuesday, with the Nikkei 225 climbing 1.11% or 421.23 to 38,474.90 due to strong performances in the Glass, Transportation Equipment, and Banking sectors. The session saw a broad market upswing, with most stocks trending positively and overall investor sentiment buoyed by sector-specific gains.
Among the top performers, Sumitomo Electric Industries Ltd. (TYO:5802) led the way with a substantial gain of 10.59% or 247 to 2,579 JPY. Nomura Holdings Inc. (TYO:8604) also posted a significant rise of 10.61%, up 82.00, ending at 860 JPY. Another standout, Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506), saw an increase of 6.36% or 35.00, reaching 585.00 JPY by the session’s close.
On the other hand, several stocks experienced declines. Yamaha Corp. (TYO:7951) faced the steepest drop, sliding 13.21% or 164.50 to finish at 1,081.00 JPY, reaching its lowest level in five years. NH Foods Ltd. (TYO:2282) also saw a notable decrease, falling 9.79% or 516.00 to end at 4,754.00 JPY. Recruit Holdings Co. Ltd. (TYO:6098) was down 3.81%, losing 348.00 and closing at 8,793.00 JPY.
The Tokyo Stock Exchange had a generally positive day, with 2,201 stocks advancing, 1,367 stocks declining, and 286 remaining unchanged. This broad support across sectors highlights a positive market trend for the day. The Nikkei Volatility Index, which measures implied volatility for Nikkei 225 options, rose by 4.30% or 1.12 to reach 27.15, indicating some caution among investors despite the day’s gains.
In the commodities market, Crude oil for December delivery dipped slightly by 0.04% or 0.03 to $71.44 per barrel, while Brent oil for January delivery decreased by 0.03% or 0.02 to $75.06 per barrel. The December Gold Futures contract also fell by 0.12% or 3.35, closing at $2,742.85 per troy ounce.
In the forex market, the USD/JPY pair gained 0.12% to reach 152.32, while the EUR/JPY pair rose 0.13% to 165.69. The U.S. Dollar Index Futures saw a minor increase of 0.02%, closing at 103.81, reflecting a slightly stronger dollar.
