Japanese stocks rallied at the conclusion of the trading day on Monday, propelled by remarkable gains in the Precision Instruments, Electrical/Machinery, and Transport sectors, marking a significant upswing for the Nikkei 225.
At the close of the trading session in Tokyo, the Nikkei 225 recorded an impressive surge of 2.33%, reaching a fresh one-month high.
Among the standout performers during the trading session on the Nikkei 225, Sumitomo Electric Industries Ltd. (TYO:5802) demonstrated substantial growth, climbing by 11.41% or 184.50 points, concluding the session at 1,801.50. Concurrently, Minebea Mitsumi Inc (TYO:6479) experienced a substantial increase of 9.82%, gaining 246.00 points to settle at 2,750.00, while Advantest Corp. (TYO:6857) observed a notable upswing of 8.15%, adding 322.00 points and closing at 4,271.00 in late trading.
On the flip side, the session witnessed some underperforming stocks on the Nikkei 225. Kawasaki Kisen Kaisha, Ltd. (TYO:9107) declined by 11.38%, shedding 611.00 points and closing at 4,760.00. Nissui Corp (TYO:1332) also faced a setback, declining by 7.66% or 56.50 points to finish at 681.50, while Nippon Yusen K.K (TYO:9101) registered a 5.00% drop, resulting in a decrease of 189.00 points to 3,594.00.
In terms of market breadth, rising stocks dominated the Tokyo Stock Exchange, with 2,810 stocks advancing, 868 declining, and 197 closing unchanged.
The Nikkei Volatility index, measuring the implied volatility of Nikkei 225 options, experienced a 4.44% reduction, closing at 20.01, marking a new one-month low.
Crude oil for December delivery exhibited a gain of 0.58%, equivalent to 0.47, closing at $80.98 per barrel. In other commodities trading, Brent oil for delivery in January rose by 0.47%, adding 0.40 to reach $85.29 per barrel, while the December Gold Futures contract witnessed a decrease of 0.40% or 7.95, concluding at $1,991.25 per troy ounce.
Foreign exchange markets also saw movement, with USD/JPY up by 0.13% at 149.57, and EUR/JPY experiencing a 0.27% rise to reach 160.59.
The US Dollar Index Futures remained unchanged at 104.86, reflecting a 0.00% change in the index.
