Nikkei 225 falls 0.41%, dragging down Japanese stocks
On Wednesday, Japan’s stock market experienced losses as shares in the Transport, Trading, and Glass sectors dipped. The Nikkei 225 closed down 0.41% in Tokyo. Among the best performers were Marui Group Co., Ltd. (TYO:8252), which gained 15.24%, Yokogawa Electric Corp. (TYO:6841), which rose by 9.77%, and Mitsubishi Heavy Industries, Ltd. (TYO:7011), which was up by 6.07%.
However, Pacific Metals Co., Ltd. (TYO:5541) suffered the most significant losses, falling by 10.36%, followed by NTN Corp. (TYO:6472), which declined by 10.14%, and Mitsubishi Motors Corp. (TYO:7211), which was down 9.83%. Overall, falling stocks outnumbered advancing ones, with 2517 to 1070, and 253 remained unchanged.
Additionally, shares in Pacific Metals Co., Ltd. (TYO:5541) hit a 52-week low. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.65% to 15.77. In commodities trading, crude oil for June delivery fell to $73.12 a barrel, Brent oil for delivery in July was down 0.79% to $76.83 a barrel, and the June Gold Futures contract dropped 0.31% to $2,036.50 a troy ounce. The USD/JPY pair increased by 0.10% to 135.35, while EUR/JPY rose by 0.29% to 148.63. Finally, the US Dollar Index Futures was down 0.07% at 101.33.