After the closing bell on Monday, the Japanese stock market exhibited a positive trajectory, with notable gains across several sectors, including Gas & Water, Chemical, Petroleum & Plastic, and Finance & Investment.
Closing the day with a robust surge of 1.16%, the Nikkei 225 index in Tokyo displayed resilience and upward momentum.
Among the top performers on the Nikkei 225, Mercari Inc (TYO:4385) stood out, witnessing a remarkable increase of 11.73% or 215.00 points, closing at 2,048.00. Similarly, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) posted significant gains, adding 7.54% or 23.00 points to reach 328.00. Additionally, M3 Inc (TYO:2413) experienced a notable uptick of 6.63% or 101.00 points, settling at 1,625.00 during late trade.
Conversely, some stocks faced downward pressure during the session. Fujikura Ltd. (TYO:5803) emerged as one of the worst performers, witnessing a decline of 4.59% or 148.00 points to trade at 3,076.00 at the close. Furukawa Electric Co., Ltd. (TYO:5801) also experienced a downturn, declining by 4.42% or 187.00 points, closing at 4,046.00. Additionally, Mazda Motor Corp (TYO:7261) faced a decrease of 3.26% or 54.00 points, ending the session at 1,603.50.
The Tokyo Stock Exchange saw a higher number of rising stocks compared to declining ones, with 2309 stocks marking gains, 1311 registering losses, and 243 remaining unchanged.
The Nikkei Volatility index, which gauges the implied volatility of Nikkei 225 options, decreased by 4.43% to 16.84.
In commodities trading, crude oil prices experienced a slight decline, with July delivery down by 0.39% to $76.69 a barrel. Brent oil for August delivery also fell by 0.44%, reaching $80.75 a barrel. Meanwhile, the August Gold Futures contract witnessed a decrease of 0.43%, trading at $2,335.70 a troy ounce.
In the currency market, the USD/JPY pair recorded a minor decrease of 0.02%, settling at 157.27, while the EUR/JPY pair rose by 0.05% to 170.62.
The US Dollar Index Futures displayed a slight decline of 0.04%, reaching 104.59. Overall, the market showcased mixed movements, reflecting the ongoing fluctuations and uncertainties prevailing in the global economic landscape.