Stock Market

Revised: Nikkei 225 Closes 0.25% Lower, Dragging Japan Stocks Down

Japan’s stock market experienced a decline at the end of Monday’s trading session, primarily driven by losses in the Transportation Equipment, Shipbuilding, and Manufacturing sectors.

Closing in Tokyo, the Nikkei 225 index fell by 0.25%.

Among the notable gainers on the Nikkei 225, Kawasaki Kisen Kaisha, Ltd. (TYO:9107) stood out, registering a 4.19% increase, equivalent to 135.00 points, and closing at 3,358.00. Similarly, Nikon Corp. (TYO:7731) rose by 3.65%, or 65.00 points, concluding the day at 1,847.00. Additionally, SUMCO Corp. (TYO:3436) witnessed a positive trend, rising by 3.48% or 70.50 points to reach 2,095.00 during late trade.

On the other hand, the session’s worst performers included Tokyo Electric Power Co., Inc. (TYO:9501), which experienced a decline of 4.63%, or 25.60 points, closing at 527.20. Rakuten Inc (TYO:4755) followed suit with a 2.53% decrease, or 12.40 points, ending at 477.10. Kansai Electric Power Co Inc (TYO:9503) also experienced a downturn, with a 2.31% drop, equivalent to 42.00 points, reaching 1,774.00.

The Tokyo Stock Exchange observed a higher number of declining stocks, amounting to 2135, compared to advancing ones, which totaled 1451, while 266 stocks remained unchanged.

Shares in Rakuten Inc (TYO:4755) reached a five-year low, plummeting by 2.53% or 12.40 points, closing at 477.10.

The Nikkei Volatility, which gauges the implied volatility of Nikkei 225 options, rose by 4.30%, reaching 21.11.

In commodities trading, the price of crude oil for August delivery experienced a slight decline of 0.06%, equivalent to 0.04, settling at $69.12 per barrel. On the other hand, Brent oil for delivery in September observed a marginal increase of 0.07%, or 0.05, reaching $74.06 per barrel. Additionally, the August Gold Futures contract rose by 0.43%, or 8.30, and was traded at $1,937.90 per troy ounce.

The USD/JPY currency pair experienced a 0.44% decrease, reaching 143.05, while EUR/JPY fell by 0.40%, concluding at 155.88.

The US Dollar Index Futures observed a 0.15% decline, settling at 102.39.

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