Japanese Stocks Rise, Nikkei Boosted by Property & Financials
Japanese stocks closed higher on Tuesday (February 24th), supported by gains in the real estate, banking, and textile sectors, which boosted market sentiment. In Tokyo, the Nikkei 225 rose 0.83%, marking a solid session after buying returned to several large-cap stocks.
Among the major movers, Furukawa Electric surged 15.32% to 26,910 and hit a five-year high, while Murata Manufacturing rose 10.07% to 4,045 (a three-year high). Fujikura also rallied 10.00% to 25,190 and hit an all-time high, confirming a shift in interest toward cyclical and capital expenditure-sensitive stocks.
Conversely, selling pressure was seen in several major names. Trend Micro plunged 13.75% to 4,906, hitting a five-year low, while Sumitomo Dainippon Pharma fell 9.47% to 2,241. Fujitsu weakened 8.73% to 3,313, becoming one of the main downside pressures on the index.
Overall, the Tokyo Stock Exchange showed a positive bias: advancing stocks (2,076) outnumbered declining stocks (1,571), while 184 stocks closed unchanged. In terms of sentiment, the Nikkei Volatility Index fell 7.95% to 26.76, hitting a new one-month low—reflecting easing demand for hedging in the options market.
In commodity markets, WTI rose 0.69% to $66.77/barrel, and Brent added 0.68% to $71.59/barrel. Meanwhile, April gold futures fell 0.63% to $5,192.94/oz, in line with shifting risk appetite. In the currency market, USD/JPY rose 0.22% to 154.98 and EUR/JPY strengthened 0.17% to 182.57, while US Dollar Index futures edged up 0.10% to 97.74. (alg)
Source: Newsmaker.id
