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Japan Stocks Retreat, Nikkei 225 Drops by 1.31%

On Monday, Japan’s stock market concluded the trading session on a negative note, with losses primarily observed in the Rubber, Electrical/Machinery, and Chemical sectors.

The Nikkei 225 index closed with a decline of 1.31% at the conclusion of trading in Tokyo.

Among the top performers on the Nikkei 225 were Citizen Holdings Co., Ltd. (TYO:7762), which surged by 5.25% or 52.00 points, reaching 1,043.00 by the end of the session. Similarly, Casio Computer Co., Ltd. (TYO:6952) recorded a gain of 5.09%, adding 66.00 points to close at 1,362.00, while Omron Corporation (TYO:6645) saw a rise of 4.20%, or 227.00 points, reaching 5,638.00 at the close.

Conversely, among the worst-performing stocks during the session were Resonac Holdings Corp (TYO:4004), witnessing a decline of 6.48% or 235.00 points to settle at 3,391.00 by the close. Additionally, Kawasaki Heavy Industries, Ltd. (TYO:7012) slid by 6.38%, dropping 325.00 points to 4,772.00, and Dainippon Screen Mfg. Co., Ltd. (TYO:7735) experienced a decrease of 5.81%, shedding 1,160.00 points to reach 18,805.00.

Declining stocks surpassed advancing ones on the Tokyo Stock Exchange, with a ratio of 2777 to 960, while 150 stocks concluded the session unchanged.

Casio Computer Co., Ltd. (TYO:6952) saw its shares reach a 52-week high, marking a rise of 5.09% or 66.00 points to close at 1,362.00.

The Nikkei Volatility index, which gauges the implied volatility of Nikkei 225 options, exhibited a decrease of 2.57%, settling at 18.57.

In commodities trading, crude oil for May delivery witnessed an increase of 0.32% or 0.27 to $83.44 per barrel. Meanwhile, Brent oil for June delivery rose by 0.28% or 0.24, reaching $87.24 per barrel. Additionally, the June Gold Futures contract recorded a gain of 1.96% or 43.80, settling at $2,282.20 per troy ounce.

Regarding currency markets, USD/JPY witnessed a marginal decrease of 0.02% to reach 151.32, while EUR/JPY rose slightly by 0.08% to 163.26.

The US Dollar Index Futures experienced a slight decrease of 0.03%, reaching 104.24.