Japan’s Stocks Decline as Rubber and Machinery Sectors Drag Nikkei 225 Down by 1.31%

Japan Stocks Market Retreat as Nikkei 225 Downturns by 1.31%

Key Points:

  • Nikkei 225 Index fell 1.31% in Tokyo, with losses primarily in the Rubber, Electrical/Machinery, and Chemical sectors.
  • Top performers included Citizen Holdings Co., Ltd. (TYO:7762), Casio Computer Co., Ltd. (TYO:6952), and Omron Corporation (TYO:6645).
  • The worst performers included Resonac Holdings Corp (TYO:4004), Kawasaki Heavy Industries, Ltd. (TYO:7012), and Dainippon Screen Mfg. Co., Ltd. (TYO:7735).
  • Falling stocks outnumbered advancing ones by 2777 to 960, with 150 ending unchanged. The Nikkei Volatility Index decreased by 2.57% to 18.57.

Japan’s stock market experienced a downturn on Monday, with losses primarily seen in the Rubber, Electrical/Machinery, and Chemical sectors, leading to a drop in shares. At the close in Tokyo, the Nikkei 225 Index fell by 1.40% or 566.35 to reach 39,803.09.

The session’s top performers on the Nikkei 225 included Citizen Holdings Co., Ltd. (TYO:7762), which rose by 5.05% or 50.00 points to trade at 1,041.00 at the close. Additionally, Casio Computer Co., Ltd. (TYO:6952) gained 4.94% or 64.00 points, ending at 1,360.00, while Omron Corporation (TYO:6645) saw an increase of 3.83% or 207.00 points, reaching 5,618.00 in late trade.

Conversely, the session’s worst performers included Resonac Holdings Corp (TYO:4004), which declined by 6.51% or 236.00 points to trade at 3,390.00 at the close. Kawasaki Heavy Industries, Ltd. (TYO:7012) dropped by 6.36% or 324.00 points, ending at 4,773.00, and Dainippon Screen Mfg. Co., Ltd. (TYO:7735) was down by 6.04% or 1,205.00 points, closing at 18,760.00.

On the Tokyo Stock Exchange, falling stocks outnumbered advancing ones by 2777 to 960, with 150 ending unchanged. Shares in Casio Computer Co., Ltd. (TYO:6952) reached a 52-week high. The Nikkei Volatility index, measuring the implied volatility of Nikkei 225 options, decreased by 2.57% to 18.57.

In commodities trading, crude oil for May delivery rose by 0.32% or 0.27 to $83.44 a barrel, while Brent oil for June delivery increased by 0.28% or 0.24, reaching $87.24 a barrel. The June Gold Futures contract rose by 1.96% or 43.80, trading at $2,282.20 a troy ounce.

The currency pairs USD/JPY and EUR/JPY experienced slight fluctuations, with USD/JPY down by 0.02% to 151.32 and EUR/JPY rising by 0.08% to 163.26. The US Dollar Index Futures showed a marginal decrease of 0.03%, settling at 104.24.

EDITORIAL TEAM
EDITORIAL TEAM
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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