Market Analysis

Japan Stocks Rise as Nikkei 225 Closes Up 0.22%

Amos Simanungkalit · 16 Jul16.9K Views

Japan's stock market closed higher on Tuesday, with gains in the Real Estate, Transportation Equipment, and Fishery sectors driving the overall market upwards.

The Nikkei 225 index increased by 0.22% at the close in Tokyo.

The top performers on the Nikkei 225 included Taiyo Yuden Co., Ltd. (TYO:6976), which surged 9.36% or 431.00 points to close at 5,037.00. Kawasaki Heavy Industries, Ltd. (TYO:7012) climbed 6.17% or 353.00 points to 6,076.00, and Murata Manufacturing Co. (TYO:6981) rose 5.54% or 198.00 points to 3,775.00 in late trading.

Conversely, the session's worst performers were Eisai Co., Ltd. (TYO:4523), which dropped 5.86% or 408.00 points to close at 6,550.00. Shiseido Co., Ltd. (TYO:4911) fell 3.56% or 167.00 points to 4,522.00, and Chugai Pharmaceutical Co., Ltd. (TYO:4519) decreased 3.50% or 220.00 points to 6,064.00.

On the Tokyo Stock Exchange, rising stocks outnumbered declining ones by 2060 to 1589, with 238 ending unchanged.

Shares of Taiyo Yuden Co., Ltd. (TYO:6976) and Murata Manufacturing Co. (TYO:6981) both hit 52-week highs, rising 9.36% to 5,037.00 and 5.54% to 3,775.00, respectively.

The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, increased by 1.38% to 18.37, reaching a new one-month high.

In commodity markets, crude oil for September delivery fell 0.77% or 0.62 to $80.22 a barrel. Brent oil for September delivery declined 0.72% or 0.61 to $84.24 a barrel, while the August Gold Futures contract rose 0.26% or 6.30 to $2,435.20 a troy ounce.

In currency trading, USD/JPY rose 0.37% to 158.60, and EUR/JPY increased 0.25% to 172.62. The US Dollar Index Futures gained 0.20% to 104.09.

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