In the aftermath of Tuesday’s trading session, Japan stocks witnessed a decline, particularly in the Transportation Equipment, Services, and Glass sectors, causing a downturn in overall market performance.
Closing in Tokyo, the Nikkei 225 experienced a decrease of 0.66%.
Among the standout performers on the Nikkei 225 during this session, Oki Electric Industry Co., Ltd. (TYO:6703) displayed notable strength, marking a 3.70% increase or 37.00 points to reach 1,036.00 by the session’s conclusion. Simultaneously, Kawasaki Kisen Kaisha, Ltd. (TYO:9107) demonstrated a positive trend, adding 2.81% or 200.00 points, closing at 7,321.00. Nippon Yusen K.K (TYO:9101) also contributed to the positive side, rising by 2.69% or 132.00 points to finish at 5,042.00 in late trading.
Conversely, the session saw notable declines, with Toho Co., Ltd. (TYO:9602) witnessing a fall of 3.81% or 191.00 points, closing at 4,821.00. Dai Nippon Printing Co., Ltd. (TYO:7912) experienced a decline of 3.47% or 153.00 points, settling at 4,254.00. Mitsubishi Materials Corp. (TYO:5711) also faced a downturn, dropping by 3.40% or 90.00 points to reach 2,553.50.
The Tokyo Stock Exchange reported a higher count of falling stocks compared to advancing ones, with 2723 declining, 951 advancing, and 212 ending unchanged.
Kawasaki Kisen Kaisha, Ltd. (TYO:9107) achieved an all-time high during the session, experiencing a 2.81% increase or 200.00 points to reach 7,321.00. Similarly, Nippon Yusen K.K (TYO:9101) reached all-time highs with a 2.69% increase or 132.00 points, closing at 5,042.00.
The Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, rose by 0.31% to 22.47, marking a new 1-month high.
In commodities trading, crude oil for March delivery experienced a 0.18% decrease, reaching $72.48 a barrel. Brent oil for delivery in March fell by 0.05% or 0.04, settling at $78.11 a barrel. The February Gold Futures contract faced a decline of 0.30% or 6.15, trading at $2,052.85 a troy ounce.
The USD/JPY pair witnessed a 0.28% increase, reaching 146.15, while EUR/JPY experienced a marginal 0.01% decline, settling at 159.56.
The US Dollar Index Futures showed a positive trend, rising by 0.34% to reach 102.67.