Japanese Stocks Saw Marginal Declines, With Notable Increases Paper & Pulp and Shipbuilding Sectors

Japanese Stocks Experienced Decline, Led by Shipbuilding and Insurance Sectors

Key Points:

  • Japanese stocks closed higher, led by gains in the Paper & Pulp, Shipbuilding, and Railway & Bus sectors; the Nikkei 225 index advanced by 0.12%.
  • IHI Corp. (TYO:7013), Japan Steel Works Ltd (TYO:5631), and Fuji Electric Co., Ltd. (TYO:6504) were among the session’s top performers.
  • Tokyu Corp. (TYO:9005), Nissan Motor Co., Ltd. (TYO:7201), and Odakyu Electric Railway Co., Ltd. (TYO:9007) experienced significant declines during the session.
  • Rising stocks outnumbered declining ones, with 1825 stocks advancing, 1817 declining, and 246 unchanged; the Nikkei Volatility index decreased by 1.75%.

Japan’s stock market experienced marginal declines on Tuesday’s close, with notable increases in the Paper & Pulp, Shipbuilding, and Railway & Bus sectors driving the upward momentum. At the close of trading in Tokyo, the Nikkei 225 index declined by 0.040%, reflecting the positive sentiment among investors.

Among the top performers on the Nikkei 225 was IHI Corp. (TYO:7013), which surged by 8.31% or 315.00 points to reach 3,989.00 by the end of the session. Japan Steel Works Ltd (TYO:5631) also saw a notable increase of 4.73%, adding 152.00 points to close at 3,363, while Fuji Electric Co., Ltd. (TYO:6504) rose by 3.86% or 381.00 points to 10,240.00 in late trade.

Conversely, Tokyu Corp. (TYO:9005) experienced a decline of 8.61%, shedding 179.00 points to trade at 1,900.00 at the session’s close. Other notable decliners included Nissan Motor Co., Ltd. (TYO:7201) and Odakyu Electric Railway Co., Ltd. (TYO:9007), which fell by 3.94% and 2.45%, respectively.

The Tokyo Stock Exchange witnessed a slightly higher number of rising stocks than declining ones, with 1825 stocks advancing, 1817 declining, and 246 ending unchanged. Japan Steel Works Ltd (TYO:5631) reached 52-week highs during the session, rising by 4.98%, while Fuji Electric Co., Ltd. (TYO:6504) soared to all-time highs, gaining 4.22%. The Nikkei Volatility index, which measures the implied volatility of Nikkei 225 options, decreased by 1.75% to 18.50, marking a new 1-month low.

In commodities trading, crude oil prices experienced marginal fluctuations, with May delivery down by 0.06% to $81.90 a barrel. Brent oil for June delivery also fell slightly by 0.03% to $86.05 a barrel. Meanwhile, the April Gold Futures contract declined by 0.18% to trade at $2,172.55 a troy ounce.

The currency markets saw the USD/JPY pair decreasing by 0.06% to 151.32, while the EUR/JPY pair rose by 0.06% to 164.19. The US Dollar Index Futures declined by 0.10% to 103.82, reflecting a slight weakness in the US dollar against a basket of major currencies.

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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