Key Points:
- Japanese stocks surged, driven by gains in the Electrical/Machinery, Gas & Water, Chemical, and plastic sectors. The Nikkei 225 index surged by 1.24%.
- Mitsubishi Electric Corp (TYO:6503), Tokuyama Corp. (TYO:4043), and Komatsu Ltd. (TYO:6301) were among the top performers.
- M3 Inc. (TYO:2413), Nitto Denko Co (TYO:6988), and Advantest Corp. (TYO:6857) were among the worst performers.
- Mitsubishi Electric Corp. and Komatsu Ltd. significantly increased, hitting a record high. M3 Inc. experienced a notable decline, reaching 5-year lows.
Japan’s stock market witnessed a significant rise on Tuesday, fueled by notable gains in the Electrical/Machinery, Gas & Water, and Chemical, Petroleum & Plastic sectors. Closing in Tokyo, the Nikkei 225 index surged by 1.24% or 470.90 to 38,405.66, indicating a strong upward trend in the market.
Among the standout performers on the Nikkei 225 were Mitsubishi Electric Corp (TYO:6503), which saw an impressive increase of 15.88% or 380.00 points, reaching 2,773.00 by the close. Additionally, Tokuyama Corp. (TYO:4043) rose by 11.40% or 334.00 points, settling at 3,260.00, while Komatsu Ltd. (TYO:6301) experienced a gain of 11.52% or 491.00 points, closing at 4,755.00 in late trade.
Conversely, M3 Inc. (TYO:2413) emerged as one of the worst performers, witnessing a decline of 9.91% or 186.00 points, concluding at 1,692.00. Following suit, Nitto Denko Co (TYO:6988) fell by 8.31% or 1,185.00 points, reaching 13,070.00, while Advantest Corp. (TYO:6857) experienced a decrease of 7.29% or 393.00 points, closing at 4,996.00.
Rising stocks dominated the Tokyo Stock Exchange, outnumbering declining ones with 2776 to 910, while 192 remained unchanged. Mitsubishi Electric Corp (TYO:6503) reached all-time highs, while M3 Inc (TYO:2413) hit 5-year lows. Tokuyama Corp. (TYO:4043) also reached 5-year highs, and Komatsu Ltd. (TYO:6301) surged to all-time highs. The Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, decreased by 1.68% or 0.35 to 20.47.
In commodities trading, Crude oil for June delivery experienced a slight dip of 0.23% or 0.19, trading at $82.44 a barrel. Brent oil for delivery in July also fell by 0.23% or 0.20, reaching $87.00 a barrel, while the June Gold Futures contract declined by 1.14% or 26.80, trading at $2,330.90 a troy ounce.
Currency-wise, USD/JPY rose by 0.33% to 156.85, while EUR/JPY increased marginally by 0.02% to 167.63. The US Dollar Index Futures rose by 0.34% to 105.81.
