Japanese stocks rise on strong performances in key sectors

Japan’s stock market closed higher on Thursday, driven by gains in the Communication, Pharmaceutical, and Power sectors. The Nikkei 225 index increased by 0.74% at the close in Tokyo.

Among the top performers, Kawasaki Kisen Kaisha, Ltd. (TYO:9107) saw a significant rise of 4.40%, closing at 2,469.00 points. Credit Saison Co., Ltd. (TYO:8253) followed closely with a 4.34% gain, ending at 3,367.00 points. Mitsubishi Logistics Corp. (TYO:9301) also performed well, with its stock price climbing 4.21% to finish at 5,417.00 points. Notably, Mitsubishi Logistics Corp. reached an all-time high with this increase.

The Nikkei Volatility index, which gauges the implied volatility of Nikkei 225 options, rose by 3.62%, reaching 17.77.

In the commodities market, crude oil for July delivery increased by 0.47%, trading at $74.42 per barrel. Brent oil for August delivery went up by 0.37% to $78.70 per barrel. Meanwhile, the August Gold Futures contract saw a 0.35% rise, trading at $2,383.70 per troy ounce.

On the currency front, the USD/JPY pair experienced a slight increase of 0.03%, reaching 156.14. The EUR/JPY pair also rose by 0.09%, trading at 169.85.

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. 

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