Japan’s stock market saw gains on Monday, driven by strength in the Banking, Chemical, Petroleum & Plastic, and Financial Services sectors. The Nikkei 225 index closed 0.56% higher in Tokyo.
Among the top performers, Fujikura Ltd. surged by 19.7%, ending the session at 3,038.00. Trend Micro Inc. followed with a 14.83% increase, closing at 7,742.00. Taisei Corp. also performed well, climbing 7.77% to finish at 6,021.00.
On the other hand, Nexon Co Ltd experienced a significant decline of 15.47%, closing at 2,672.00, making it the worst performer of the day. Shiseido Co., Ltd. also struggled, dropping 12.07% to 3,350.00, reaching a five-year low. Similarly, SUMCO Corp. fell 7.32% to 1,563.50, a three-year low.
The market’s volatility, as measured by the Nikkei Volatility Index, decreased by 2.87%, settling at 45.28.
In the commodities market, crude oil prices edged higher, with September delivery up by 0.55% to $77.26 a barrel. Brent oil for October delivery saw a modest increase of 0.36% to $79.95 a barrel, while December Gold Futures inched up 0.05% to $2,474.65 per troy ounce.
In currency trading, the Japanese yen weakened, with USD/JPY rising by 0.42% to 147.23, and EUR/JPY up 0.45% to 160.78. The US Dollar Index Futures saw a slight increase of 0.03%, reaching 102.99.
Fidelity Japan Trust PLC (LON:FJV) aims to be the key investment of choice for those seeking Japanese companies exposure. The Trust has a ‘growth at reasonable price’ (GARP) investment style and approach – which involves identifying companies whose growth prospects are being under-appreciated or are not fully recognised by other investors.
