Japan Stocks Rise at Market Close; Nikkei 225 Increases by 0.75%

Japan’s stock market closed higher on Tuesday, boosted by gains in various sectors. The primary index in Tokyo increased by 0.75% at the closing bell.

Leading the session’s gains, Japan Steel Works Ltd saw a significant rise of 9.93%, climbing 441.00 points to settle at 4,881.00. IHI Corp. also performed well, adding 5.44% or 382.00 points to reach 7,406.00, while Fujikura Ltd increased by 5.29%, which equated to a rise of 244.00 points, bringing its price to 4,860.00.

On the flip side, the session’s worst performers included Renesas Electronics Corp, which fell by 4.74% or 100.50 points, closing at 2,018.00. Daiichi Sankyo Co., Ltd. dropped 4.25% or 210.00 points to finish at 4,734.00, and Kyowa Kirin Co. Ltd decreased by 3.40% or 109.00 points, ending the day at 3,100.00.

Overall, declining stocks outnumbered those that advanced on the Tokyo Stock Exchange, with 1,825 stocks falling compared to 1,785 that rose, while 268 remained unchanged.

Notably, shares of Japan Steel Works Ltd reached a five-year high, and IHI Corp. also achieved a five-year high. Fujikura Ltd’s shares hit an all-time high during the session.

The implied volatility of Nikkei 225 options, as indicated by the relevant index, decreased by 5.20%, reaching 25.73.

In commodities, crude oil for November delivery rose by 1.24% to $71.24 per barrel. The price of Brent oil for December delivery increased by 1.08% to $74.00 per barrel, while December Gold Futures experienced a slight decline of 0.05% to trade at $2,651.10 per troy ounce.

In currency movements, the USD/JPY pair rose by 0.54% to 144.38, while EUR/JPY increased by 0.52% to 160.36. The US Dollar Index Futures also made gains, rising by 0.18% to sit at 100.74.