Japan stocks witnessed a significant surge on Thursday’s close, with the Nikkei 225 reaching a new all-time high, buoyed by gains in the Paper & Pulp, Power, and Rubber sectors.
At the close in Tokyo, the Nikkei 225 surged by 2.08%, marking a historic milestone.
Among the top performers on the Nikkei 225 were Concordia Financial Group Ltd (TYO:7186), which soared by 6.99% or 52.00 points, closing at 796.30. Tokyo Electric Power Co., Inc. (TYO:9501) also made notable gains, climbing by 6.17% or 49.90 points to finish at 858.10, while Chiba Bank Ltd (TYO:8331) surged by 5.67% or 69.50 points, reaching 1,295.00 by the close of trading.
Conversely, Sapporo Holdings Ltd. (TYO:2501) experienced a decline of 3.76% or 239.00 points, closing at 6,122.00. DOWA Holdings Co., Ltd. (TYO:5714) also saw a downturn, falling by 3.47% or 192.00 points to conclude at 5,343.00, while Nippon Yusen K.K (TYO:9101) dipped by 2.76% or 120.00 points, ending at 4,231.00.
Rising stocks dominated the Tokyo Stock Exchange, outnumbering declining ones by 2612 to 1065, with 213 ending unchanged.
Concordia Financial Group Ltd (TYO:7186) and Chiba Bank Ltd (TYO:8331) saw notable upticks, with shares hitting all-time and 5-year highs, respectively.
The Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, saw a decline of 3.61% to 19.50.
In commodities trading, crude oil for May delivery rose by 0.55% or 0.45 to $81.72 a barrel. Brent oil for May delivery also saw an increase of 0.58% or 0.50, reaching $86.45 a barrel. Meanwhile, the April Gold Futures contract surged by 2.22% or 47.90 to trade at $2,208.90 a troy ounce.
The USD/JPY pair experienced a slight decline of 0.17% to 150.99, while the EUR/JPY pair fell by 0.04% to 165.13.
The US Dollar Index Futures saw a marginal decrease of 0.11% at 102.93.