Japan stocks concluded Wednesday’s trading session on a downward trend, as losses within the Shipbuilding, Gas & Water, and Precision Instruments sectors exerted negative pressure on the market.
At the closing bell in Tokyo, the Nikkei 225 index recorded a 0.30% decrease.
Among the notable performers on the Nikkei 225, Mitsui Engineering & Shipbuilding (TYO:7003) demonstrated resilience, gaining 3.57% or 19.00 points to reach 551.00 by the session’s end. Additionally, Kyocera Corp. (TYO:6971) advanced by 2.52%, closing at 8,185.00 after adding 201.00 points, while Rakuten Inc (TYO:4755) experienced a 2.22% increase, concluding late trade at 602.80 with a gain of 13.10 points.
Conversely, the session witnessed significant declines, with Sumitomo Dainippon Pharma Co Ltd (TYO:4506) experiencing a 4.89% drop, shedding 24.00 points to close at 467.00. Kobe Steel, Ltd. (TYO:5406) also faced a 4.30% decline, losing 76.50 points to end at 1,703.50. Seven & i Holdings Co., Ltd. (TYO:3382) concluded with a 3.83% decrease, down 219.00 points to 5,500.00.
Market dynamics on the Tokyo Stock Exchange favored decliners, outnumbering advancers with 2108 to 1487, while 268 stocks ended unchanged.
The Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, observed a 2.90% uptick, reaching 17.36.
In commodities trading, crude oil for January delivery experienced a 0.20% increase, adding 0.15 to settle at $76.56 per barrel. Meanwhile, Brent oil for February delivery inched up by 0.01% or 0.01, reaching $81.48 per barrel. The December Gold Futures contract rose by 0.29%, or 6.00, closing at $2,046.00 per troy ounce.
The USD/JPY pair showed a 0.26% decline, settling at 147.10, while EUR/JPY experienced a 0.18% drop, concluding at 161.83.
The US Dollar Index Futures registered a 0.11% decrease, closing at 102.54.