Japan Stocks Higher at Close of Trade; Nikkei 225 Up 1.84%

 

Japan Stocks Higher at Close of Trade; Nikkei 225 Up 1.84%

Japan's stocks ended higher on Tuesday, buoyed by gains in the Gas & Water, Banking, and Retail sectors. The Nikkei 225 closed up by 1.84%.

Top Performers:

• Furukawa Electric Co., Ltd. (TYO:5801) saw a notable rise of 7.04%, adding 452.00 points to close at 6,870.00.
• Kawasaki Heavy Industries, Ltd. (TYO:7012) increased by 6.62%, up by 370.00 points to finish at 5,958.00.
• Fujikura Ltd. (TYO:5803) also gained 6.18%, rising by 350.00 points to 6,012.00.

Underperformers:

• Kansai Electric Power Co Inc. (TYO:9503) dropped by 3.08%, losing 61.50 points to settle at 1,934.00.
• Tokyo Electric Power Co., Inc. (TYO:9501) decreased by 1.60%, down 8.70 points to close at 533.60.
• Sumitomo Dainippon Pharma Co Ltd (TYO:4506) fell 1.58%, losing 9.00 points to end at 562.00.

Rising stocks outpaced decliners on the Tokyo Stock Exchange, with 2,416 stocks advancing, 1,173 declining, and 284 unchanged.

Notable Highlights:

• Furukawa Electric’s shares reached five-year highs, while Tokyo Electric Power’s shares hit 52-week lows.
• Fujikura Ltd. saw its shares rise to all-time highs.

The Nikkei Volatility Index, which measures implied volatility of Nikkei 225 options, decreased by 7.31% to 22.31.

Commodities Update:

• Crude oil for January delivery rose by 0.37%, closing at $68.35 a barrel.
• Brent oil for February delivery increased by 0.43%, settling at $72.14 a barrel.
• February Gold Futures rose by 0.39%, trading at $2,668.99 a troy ounce.

Currency Movements:

• USD/JPY increased by 0.29% to 150.02.
• EUR/JPY rose by 0.20% to 157.34.
• The US Dollar Index Futures rose by 0.06% to 106.49.

Author: Mr. Ram