Japan stocks saw an upward trajectory in Monday’s trading session, with the Nikkei 225 climbing 0.98% to achieve a new 5-year high.
The positive performance was driven by gains in the Retail, Mining, and Machinery sectors, boosting overall market sentiment.
At the close in Tokyo, the Nikkei 225 stood at a robust 0.98% gain, showcasing the market’s resilience and investor confidence. This positive momentum resulted in the index reaching a level not seen in the past five years.
Among the notable performers on the Nikkei 225, Kawasaki Kisen Kaisha, Ltd. (TYO:9107) stood out, experiencing a remarkable 9.60% increase, equivalent to 624.00 points, closing at 7,121.00. SKY Perfect JSAT Holdings Inc. (TYO:9412) also contributed to the positive trend with a notable rise of 6.44%, gaining 46.00 points to conclude at 760.00. Daiwa Securities Group Inc. (TYO:8601) demonstrated a robust performance, recording a 5.94% increase, or 60.00 points, finishing at 1,069.50.
Conversely, CyberAgent Inc (TYO:4751) faced a 2.46% decline, shedding 22.50 points to close at 892.30. Shiseido Co., Ltd. (TYO:4911) experienced a 2.20% dip, losing 93.00 points and finishing at 4,128.00. Hino Motors, Ltd. (TYO:7205) also saw a downturn, dropping 1.79%, or 9.10 points, closing at 498.60.
The Tokyo Stock Exchange witnessed a positive trend, with rising stocks outnumbering declining ones by a considerable margin – 2640 to 1052, while 199 stocks ended the session unchanged.
Notably, Kawasaki Kisen Kaisha, Ltd. (TYO:9107) achieved all-time highs during the trading session, experiencing a 9.60% surge to 7,121.00. Similarly, SKY Perfect JSAT Holdings Inc. (TYO:9412) reached 5-year highs, gaining 6.44% to close at 760.00. Daiwa Securities Group Inc. (TYO:8601) also touched 5-year highs with a 5.94% increase, concluding at 1,069.50.
Market analysts noted that the Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, rose by 6.26% to 22.40, marking a new 1-month high.
In commodities trading, Crude oil for March delivery experienced a marginal decline of 0.01% to $72.78 a barrel. Brent oil for March delivery, on the other hand, rose by 0.09% to $78.36 a barrel. Gold futures for February increased by 0.41% to trade at $2,059.95 a troy ounce.
In forex markets, USD/JPY showed a 0.22% gain, reaching 145.21, while EUR/JPY rose by 0.17% to 158.89. The US Dollar Index Futures experienced a slight decline of 0.03% at 102.12.