After the closing bell on Friday, Japan stocks saw gains, with the Shipbuilding, Precision Instruments, and Paper & Pulp sectors leading the charge.
At the close in Tokyo, the Nikkei 225 surged by 2.19%, reaching a new all-time high.
Among the top performers of the session on the Nikkei 225 index were Mitsui Engineering & Shipbuilding (TYO:7003), which soared by 26.22% or 300.00 points to reach 1,444.00 at the close. Additionally, Dainippon Screen Mfg. Co., Ltd. (TYO:7735) saw an increase of 10.16% or 1,835.00 points, closing at 19,895.00. Moreover, Advantest Corp. (TYO:6857) witnessed a rise of 7.49% or 494.00 points, settling at 7,088.00 by the end of the trading session.
In the trading session, the Tokyo Stock Exchange witnessed significant movements, with notable declines recorded in several stocks. Chugai Pharmaceutical Co., Ltd. (TYO:4519) led the losses, experiencing a notable decline of 4.11% or 242.00 points, closing at 5,648.00. Similarly, Sumitomo Dainippon Pharma Co Ltd (TYO:4506) saw a downturn, declining by 2.51% or 9.00 points to end at 349.00. Another notable decliner was CyberAgent Inc (TYO:4751), which witnessed a decrease of 2.33% or 24.50 points, settling at 1,029.00.
On the Tokyo Stock Exchange, the trend was predominantly bearish, with falling stocks outnumbering advancing ones.
However, amidst the declines, there were some notable gainers. Mitsui Engineering & Shipbuilding (TYO:7003) saw its shares surge to 5-year highs, posting an impressive increase of 26.22% or 300.00 points to reach 1,444.00. Similarly, Dainippon Screen Mfg. Co., Ltd. (TYO:7735) witnessed a remarkable rise to all-time highs, gaining 10.16% or 1,835.00 points to close at 19,895.00. Additionally, shares in Advantest Corp. (TYO:6857) surged to all-time highs, experiencing an increase of 7.49% or 494.00 points to settle at 7,088.00.
The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, saw a notable decrease of 4.82%, indicating some stabilization in market sentiment.
In commodities trading, crude oil for April delivery experienced a decline of 0.66% or 0.52, closing at $78.09 a barrel. Similarly, Brent oil for delivery in April fell by 0.61% or 0.51 to reach $83.16 a barrel. Meanwhile, the April Gold Futures contract saw a slight decline of 0.10% or 2.10, trading at $2,028.60 a troy ounce.
Currency markets saw some modest movements, with USD/JPY showing a slight increase of 0.08% to 150.63, while EUR/JPY rose by 0.09% to 163.07.
Overall, the trading session in Tokyo depicted a mix of bullish and bearish movements, highlighting the volatility and uncertainty prevailing in the market.