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HomeLatestJapan's Nikkei 225 Hits Three-Month High with 0.46% Gain

Japan’s Nikkei 225 Hits Three-Month High with 0.46% Gain

In Friday’s trading session, Japan’s Nikkei 225 index closed with a 0.46% gain, reaching a new three-month high. The positive momentum was driven by notable increases in the Chemical, Petroleum & Plastic, Precision Instruments, and Power sectors.

Closing in Tokyo, the Nikkei 225 recorded gains, with top-performing stocks including Panasonic Corp (TYO:6752), which surged by 5.50% or 78.00 points to close at 1,497.00. Additionally, Kajima Corp. (TYO:1812) rose by 3.63%, gaining 82.50 points to conclude at 2,354.50, while Japan Post Holdings Co Ltd (TYO:6178) experienced a 3.58% increase, adding 46.00 points to finish at 1,332.00.

Conversely, Asahi Group Holdings, Ltd. (TYO:2502) was among the session’s worst performers, witnessing a 4.03% decline or 234.00 points, closing at 5,570.00. Sumitomo Realty & Development Co. (TYO:8830) dropped by 3.47%, losing 149.00 points to reach 4,151.00, and Shiseido Co., Ltd. (TYO:4911) saw a 2.23% decrease, shedding 97.00 points to end at 4,255.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2632 advancing, 1024 declining, and 210 remaining unchanged.

The Nikkei Volatility, measuring implied volatility of Nikkei 225 options, decreased by 0.75% to 18.57, marking a new one-month low.

In commodities trading, crude oil for December delivery rose by 0.11% to $72.98 per barrel. Brent oil for January delivery increased by 0.08% to $77.48 per barrel. The December Gold Futures contract fell by 0.02% to $1,986.90 per troy ounce.

In the currency market, USD/JPY decreased by 0.07% to 150.60, while EUR/JPY fell by 0.08% to 163.44. The US Dollar Index Futures increased by 0.02% to 104.25.