Nikkei 225 Climb on Monday, Boosted by Steel, Chemical, and Manufacturing Sectors

Nikkei 225 Stock Index Hits Milestone, Closing Above 40,000 Points for the First Time

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.

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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