Nikkei Rises Sharply, Volatility Also Rises
Japanese stocks closed higher on Wednesday (February 25th), driven by gains in the real estate, banking, and textile sectors. At the close of trading in Tokyo, the Nikkei 225 index surged 2.22% to a new record high, reflecting improving investor sentiment toward riskier assets on the Japanese stock exchange.
From the issuer side, the gains were led by Mitsui Mining and Smelting, which rose 8.17% to 35,740. Sumitomo Metal Mining rallied 7.77% to 11,650, while Dainippon Screen Mfg. rose 7.57% to 23,370. Several of these stocks also reportedly touched all-time highs, underscoring the strong momentum of the rally this session.
Meanwhile, pressure was seen on several large stocks. Nippon Steel fell 5.51% to 627.30, Resona Holdings weakened 5.01% to 1,830.00, and Takashimaya fell 4.62% to 2,107.50. Overall, the number of rising stocks outnumbered falling ones on the Tokyo Stock Exchange, indicating a broad-based rally, despite pockets of correction.
The market also closely monitored volatility indicators. The Nikkei Volatility Index rose 15.10% to 30.80, indicating expectations of higher volatility. In the commodity market, WTI rose to around $66.04/barrel and Brent strengthened to $71.00/barrel, while gold futures rose to around $5,213.81/oz. In the forex market, USD/JPY fell slightly to 155.70, and the US Dollar Index futures weakened to 97.59, reflecting the dollar's softer trend during the session. (alg)
Source: Newsmaker.id
