Key Points:
- The Nikkei 225 index rose by 0.92% to close at a higher level, driven by strong performances in the Steel, Chemical, and Manufacturing sectors.
- Sharp Corp (TYO:6753), Hitachi Ltd (TYO:6501), and SUMCO Corp. (TYO:3436) were among the session’s best performers.
- Kao Corp. (TYO:4452), M3 Inc (TYO:2413), and Oriental Land Co Ltd (TYO:4661) were among the session’s worst performers.
- Rising stocks outnumbered declining ones by 2753 to 880, with 230 ending unchanged. The Nikkei Volatility Index slightly increased by 0.17%.
Japan’s stock market closed higher on Monday, driven by strong performances in the Steel, Chemical, and Manufacturing sectors. The Nikkei 225 index rose by 354.23 or 0.92% to 39,038.16, closing at a higher level, reflecting investor confidence in the country’s industrial sectors.
The session’s best performer was Sharp Corp (TYO:6753), which saw a significant rise of 6.32% or 58.20 points, closing at 979.10. Hitachi Ltd (TYO:6501) followed closely, adding 4.89% or 800.00 points to finish at 17,150.00, reaching an all-time high. SUMCO Corp. (TYO:3436) also performed well, increasing by 3.82% or 88.00 points to 2,393.00 in late trade.
On the other hand, Kao Corp. (TYO:4452) was the session’s worst performer, falling by 4.10% or 288.00 points to trade at 6,740.00 at the close. M3 Inc (TYO:2413) also faced losses, declining by 3.66% or 59.00 points to end at 1,551.50. Oriental Land Co Ltd (TYO:4661), known for operating Tokyo Disney Resort, dropped by 3.58% or 164.00 points to 4,412.00.
Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2753 to 880, with 230 ending unchanged, indicating broad-based market strength. The Nikkei Volatility Index measures the implied volatility of Nikkei 225 options, slightly increased by 0.17% to 17.77, suggesting a marginal rise in market uncertainty.
In commodities trading, Crude oil for July delivery increased by 0.23% or 0.17 to $75.70 a barrel, and Brent oil for August delivery rose by 0.26% or 0.21 to $79.83 a barrel. Conversely, the August Gold Futures contract fell by 0.60% or 14.00 to trade at $2,311.00 a troy ounce, indicating a pullback in gold prices.
In the currency market, USD/JPY increased by 0.27% to 157.13, while EUR/JPY increased by 0.01% to 168.94. The US Dollar Index Futures rose slightly by 0.03% to 104.89, indicating a steady dollar performance against other major currencies.
