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Japan Stocks Finish Higher; Nikkei 225 Ends with 0.73% Gain

Japan Stocks Finish Higher; Nikkei 225 Hits New 52-Week High with 0.73% Gain

Japanese stocks closed higher on Tuesday, driven by gains in the Financial Services, Insurance, and Pharmaceutical Industry sectors, which lifted overall market sentiment. The benchmark Nikkei 225 index rose by 0.73%, reaching a new 52-week high.

Leading the session’s gains on the Nikkei 225 were Kajima Corp., with a 6.04% increase, adding 114.00 points and closing at 2,000.00. Advantest Corp. also performed well, rising by 5.52% or 670.00 points, finishing at 12,810.00. T&D Holdings, Inc. followed closely with a 5.08% gain, adding 91.00 points to reach 1,884.00 at the end of the trading day.

On the other hand, Konica Minolta, Inc. experienced the largest decline, falling by 8.86% or 48.00 points to 494.00 at the close. Dentsu Inc. also struggled, declining by 8.27% or 410.00 points, finishing at 4,550.00. Sumitomo Dainippon Pharma Co Ltd faced a decline of 7.09%, or 57.00 points, closing at 747.00.

Falling stocks slightly outnumbered advancing ones on the Tokyo Stock Exchange, with 1850 declining stocks against 1796 advancing stocks, while 206 stocks remained unchanged.

Kajima Corp. and Advantest Corp. reached five-year highs, with Kajima Corp. rising by 6.04% to 2,000.00 and Advantest Corp. climbing by 5.52% to 12,810.00. However, Sumitomo Dainippon Pharma Co Ltd hit a five-year low, dropping by 7.09% to 747.00.

The Nikkei Volatility index, which measures the implied volatility of Nikkei 225 options, increased by 1.96% to 16.09.

In commodity trading, crude oil for June delivery inched up by 0.15% or 0.11 to $71.22 per barrel. Brent oil for July delivery also rose by 0.20% or 0.15, reaching $75.38 per barrel. However, the June Gold Futures contract experienced a slight decline of 0.50% or 10.05, trading at $2,012.65 per troy ounce.

The USD/JPY currency pair saw a slight decrease of 0.19% to 135.86, while the EUR/JPY pair fell by 0.10% to 147.86.

The US Dollar Index Futures showed a minimal decline of 0.04% at 102.23.

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