Japan Stocks Rise at Close of Trade; Nikkei 225 Gains 1.69%

Japan’s stock market saw gains following Thursday’s trading session, particularly driven by strong performances in several sectors.

At the end of the day in Tokyo, the main index climbed 1.69%.

A notable highlight was Aozora Bank, which experienced a significant rise of 5.74%, or 159 points, closing at 2,931. Yamaha Motor Co. also performed well, adding 5.16% or 184 points to finish at 3,752. Advantest Corp. was up 5.11%, gaining 206 points to reach 4,240.

On the downside, Taiyo Yuden Co. saw a decline of 6.26%, or 248 points, closing at 3,715. Mitsui Engineering & Shipbuilding dropped by 2.97%, or 15 points, to finish at 490. Pacific Metals Co. also had a tough session, down 2.08% or 26 points to 1,225.

Overall, advancing stocks outnumbered those declining on the Tokyo Stock Exchange, with 3,360 shares up versus 397 down, while 108 remained unchanged. Shares of Pacific Metals Co. fell to a five-year low.

The index tracking the implied volatility of Nikkei 225 options increased by 12.12%, reaching a new three-month high.

In commodities, crude oil for November delivery slipped by 0.26%, settling at $84.00 a barrel. Brent oil for December delivery also saw a slight decrease of 0.13%, settling at $85.70 per barrel. Meanwhile, December gold futures edged up by 0.07%, trading at $1,836.05 per troy ounce.

In currency markets, the USD/JPY pair fell by 0.09% to 148.99, while EUR/JPY dipped by 0.06% to 156.55. The US Dollar Index Futures remained stable at 106.53.