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Home News Japanese Stocks Surge, Nikkei 225 Soars 2.33% in Trading Session

Japanese Stocks Surge, Nikkei 225 Soars 2.33% in Trading Session

by sun

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.

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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.

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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.

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In terms of market breadth, rising stocks dominated the Tokyo Stock Exchange, with 2,810 stocks advancing, 868 declining, and 197 closing unchanged.

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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.

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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.

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The US Dollar Index Futures remained unchanged at 104.86, reflecting a 0.00% change in the index.

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