Japan’s stock market saw an upward trend by the close of trading on Tuesday, driven by notable gains in sectors such as Insurance, Textiles, and Paper & Pulp. The Nikkei 225 index, reflecting these movements, rose by 0.75% in Tokyo.
Among the strongest performers, Japan Steel Works Ltd experienced a remarkable rise, gaining 9.93% or 441.00 points, closing at 4,881.00. Another notable gainer was IHI Corp., which saw its stock climb by 5.44%, adding 382.00 points to finish the day at 7,406.00. Fujikura Ltd also had a positive session, increasing by 5.29%, or 244.00 points, closing at 4,860.00.
Conversely, the session’s laggards included Renesas Electronics Corp, which declined by 4.74%, shedding 100.50 points to end the day at 2,018.00. Daiichi Sankyo Co., Ltd. also struggled, dropping 4.25% or 210.00 points to 4,734.00. Kyowa Kirin Co Ltd saw a decline of 3.40%, losing 109.00 points and ending at 3,100.00.
Throughout the trading day, more stocks on the Tokyo Stock Exchange were falling than advancing, with 1,825 stocks in decline compared to 1,785 stocks rising. An additional 268 stocks ended the day unchanged.
Japan Steel Works Ltd and IHI Corp both reached five-year highs during the session, while Fujikura Ltd surged to an all-time high. The volatility in the Nikkei, as measured by the Nikkei Volatility Index, decreased by 5.20%, closing at 25.73.
In the commodities market, crude oil for November delivery rose by 1.24%, increasing by 0.87 to reach $71.24 a barrel. Brent oil for December delivery also saw an increase, gaining 1.08% or 0.79, to close at $74.00 a barrel. However, gold futures for December showed a slight decline, dropping by 0.05% or 1.40 to $2,651.10 per troy ounce.
In currency markets, the USD/JPY exchange rate rose by 0.54%, reaching 144.38, while EUR/JPY gained 0.52%, settling at 160.36.
Japan’s stock market benefited from gains in key sectors, pushing the Nikkei higher, while fluctuations in oil, gold, and currency markets added to the day’s overall financial landscape.
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