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On Tuesday’s closing bell, Japan stocks market surged, witnessing positive trends in sectors like Paper and pulp, Warehousing, and Rubber.
The Nikkei 225 index wrapped up the day with a 0.43% gain, reaching its highest point in a month. Today’s positive market movement indicates Tokyo’s stock market is performing robustly. Investors observed a considerable push, setting an optimistic tone for future trading sessions.
Japan Stocks Notable Market Moves
Leading the gains on the Nikkei 225 was Taisei Corp. (TYO:1801), soaring by 6.47% or 330.00 points, closing at 5,432.00. Isuzu Motors, Ltd. (TYO:7202) made significant strides. TSoaring by 4.18% or 78.00 points, the climb led to reaching 1,943.00 for Sumitomo Electric Industries Ltd.
In contrast, Kajima Corp. (TYO:1812) faced declines, dropping by 5.11% or 125.50 points to 2,330.00. DIC Corp (TYO:4631) followed suit, slipping by 5.04% or 123.50 points, concluding at 2,326.00. Moreover, Mitsubishi Estate Co Ltd (TYO:8802) also experienced a dip of 4.27% or 85.00 points, closing at 1,905.00.
Read More: UK Grocery Inflation Drops Below 10% for the First Time This Year
Market Overview
The Tokyo Stock Exchange saw 1,931 falling Japan stocks, outnumbering the advancing ones at 1,705, while 223 remained unchanged.
Taisei Corp. (TYO:1801) and Sumitomo Electric Industries Ltd. (TYO:5802) marked significant milestones, hitting 5-year highs with notable surges of 6.47% and 3.88% respectively.
Japan Stocks Market Indicators
The Nikkei Volatility, an indicator reflecting the implied volatility of Nikkei 225 options, recorded a 2.30% decline, settling at 19.54.
In commodity trading, crude oil for December delivery rose by 0.14% to $78.37 per barrel. Brent oil for January delivery increased by 0.21% to $82.69 per barrel. While, the December Gold Futures contract dropped by 0.07% to $1,948.80 per troy ounce.
Currency Market
USD/JPY remained unchanged at 151.71, whereas EUR/JPY experienced a 0.02% decline, settling at 162.28. Therefore, the US Dollar Index Futures showed a 0.07% rise, reaching 105.57.
Conclusion
Tuesday’s trading session showcased a diverse market performance, with notable gains by key players like Taisei Corp. and setbacks observed in some major corporations. Despite fluctuations, the Nikkei 225 closed on a positive note. Thus, marking an upward trend, reflecting the dynamic nature of Japan’s stock market.
