Japan stocks surge as Nikkei 225 rises nearly 2%

Japan’s stock market saw a notable rise after the close on Tuesday, driven by gains across various sectors including banking, chemical, petroleum & plastic, and paper & pulp industries. The Nikkei 225 index in Tokyo ended the day up by 1.97%, marking a positive day for investors.

Among the strongest performers were Kawasaki Heavy Industries, Ltd., whose shares climbed 8.30%, closing at 6,287.00. Mitsubishi Heavy Industries also recorded a significant gain of 7.84%, reaching 2,283.50. Japan Steel Works Ltd followed closely, increasing by 7.74% and closing at 5,413.00.

However, not all companies shared in the day’s gains. Trend Micro Inc. experienced a decline, dropping by 1.44% to close at 8,364.00. ANA Holdings Inc saw a similar dip, down by 1.43% to finish at 3,025.00. Nitori Holdings Co Ltd also faced a loss of 1.42%, ending the day at 21,485.00.

Overall, the Tokyo Stock Exchange saw a broad trend of rising stocks, with 2,774 stocks gaining in value compared to 869 that declined, while 219 remained unchanged. Notably, Mitsubishi Heavy Industries reached an all-time high with its increase to 2,283.50, and Japan Steel Works achieved a five-year high with its climb to 5,413.00.

The market’s volatility, as indicated by the Nikkei Volatility index, increased by 6.49%, reaching a value of 28.23.

In the commodities market, crude oil for November delivery experienced a slight increase of 0.12%, trading at $68.25 per barrel. Brent oil for December delivery also rose by 0.11%, trading at $71.78 per barrel. Meanwhile, gold futures for December saw a modest rise of 0.24%, ending at $2,665.85 per troy ounce.

JPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.

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