Japan Stocks Rise at Close of Trade; Nikkei 225 Jumps 1.97%

Japan’s stock market saw gains on Tuesday, with increases in various sectors driving shares higher. By the end of trading in Tokyo, the index had risen by 1.97%.

Among the top performers of the day was Kawasaki Heavy Industries, which surged 8.30%, gaining 482 points to reach a closing price of 6,287. Additionally, Mitsubishi Heavy Industries rose by 7.84%, adding 166 points to finish at 2,283.50, while Japan Steel Works experienced a 7.74% increase, up 389 points to close at 5,413.

On the flip side, the day saw some declines as well, with Trend Micro Inc. falling 1.44%, down 122 points to 8,364. ANA Holdings Inc. dropped 1.43%, losing 44 points to end at 3,025, and Nitori Holdings saw a decrease of 1.42%, down 310 points to close at 21,485.

Overall, more stocks advanced than declined on the Tokyo Stock Exchange, with 2,774 rising, 869 falling, and 219 remaining unchanged. Mitsubishi Heavy Industries’ stock reached an all-time high, while Japan Steel Works hit a five-year high.

The market’s implied volatility, represented by the volatility index for Nikkei 225 options, rose by 6.49% to 28.23.

In commodity trading, crude oil for November delivery increased by 0.12%, settling at $68.25 per barrel. Brent oil for December also saw a slight uptick, rising 0.11% to $71.78. Gold futures for December trading went up by 0.24%, priced at $2,665.85 per troy ounce.

In currency markets, the Japanese yen weakened against the dollar, with USD/JPY up 0.58% to 144.46, while EUR/JPY increased by 0.60% to 160.88. The US Dollar Index Futures saw a modest increase of 0.03%, standing at 100.55 at the close.