The Japanese stock market witnessed positive gains at the close of trading on Monday, with the Nikkei 225 rising by 1.56%. The upward movement was particularly led by sectors such as Transport, Banking, and Paper & Pulp.
Closing in Tokyo, the Nikkei 225 index saw a notable increase, and among the top performers were Tokyo Electric Power Co., Inc. (TYO:9501), which surged by 14.63%, Mitsui Engineering & Shipbuilding (TYO:7003), rising by 9.19%, and Chubu Electric Power Co., Inc. (TYO:9502), marking a gain of 5.55%.
On the flip side, Mitsui Mining and Smelting Co. (TYO:5706) experienced a decline of 1.59%, Sumitomo Chemical Co., Ltd. (TYO:4005) dropped by 1.29%, and SKY Perfect JSAT Holdings Inc. (TYO:9412) was down by 1.05%.
The Tokyo Stock Exchange saw a positive trend, with rising stocks outnumbering declining ones significantly. Tokyo Electric Power Co., Inc. (TYO:9501) reached 5-year highs, while Sumitomo Chemical Co., Ltd. (TYO:4005) fell to 3-year lows.
In the commodities market, crude oil for January delivery rose, and the Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, increased by 7.29%.
The USD/JPY pair was up by 0.50%, and the EUR/JPY pair rose by 0.57%. The US Dollar Index Futures showed a marginal increase of 0.01%.
Overall, the positive momentum in Japanese stocks reflects the market’s response to gains in key sectors and a favorable trading day.