Nikkei Closes at Month-Highest, But Volatility Declines
Japanese stocks closed higher on Friday, supported by gains in the real estate, banking, and textile sectors. The Nikkei 225 index rose 1.90% and hit a one-month high at the close of trading in Tokyo.
The market's gains were led by large-cap stocks, with cyclical sectors also supporting the movement. At the same time, some market participants were monitoring cross-asset dynamics as commodity and exchange rate movements remained sensitive to global sentiment.
Among the major movers, Fast Retailing surged 11.99% to 75,540, hitting an all-time high. Fujikura also rose 11.97% to 5,630 (an all-time high), while Lasertec rallied 7.44% to 41,580, reaching a 52-week high.
On the downside, BayCurrent Consulting fell 5.84% to 4,516, Shift fell 5.59% to 628, and Mercari fell 4.87% to 3,613. Overall, more stocks declined than rose on the Tokyo Stock Exchange (2,410 down vs. 1,125 up; 248 unchanged). The Nikkei Volatility Index fell 6.21% to 33.85, indicating a decline in short-term risk perception.
In global markets, oil prices strengthened: WTI May rose 0.79% to $98.64/barrel, while Brent June rose 1.02% to $96.90/barrel. June gold futures fell 0.99% to $4,770.15/oz. In FX, USD/JPY rose 0.20% to 159.27 and EUR/JPY rose 0.05% to 186.11, while US Dollar Index Futures strengthened 0.14% to 98.73. (asd)
Source: Newsmaker.id
