Nikkei Rises, Real Estate and Banking Lead Gains
Japanese stocks closed higher on Thursday, supported by gains in the real estate, banking, and textile sectors, which pushed the major indexes into the green until the end of the session. This gain also occurred amid a calmer market, reflected in the decline in the Nikkei volatility index, indicating easing short-term tensions.
At the index level, the Nikkei 225 ended higher, with gains led by several large-cap stocks. NEC recorded the most notable surge, followed by Recruit Holdings and M3, which both rose significantly and helped support the index's overall performance.
However, the market movement was not uniform. Several stocks weakened and became drags, including Taiyo Yuden, Sumitomo Electric Industries, and Takashimaya. However, overall, the number of rising stocks still outnumbered falling stocks on the Tokyo Stock Exchange, indicating a positive daily sentiment bias.
In other markets, commodity movements tended to be stable, with oil trading slightly higher, while gold futures weakened slightly. In the foreign exchange market, USD/JPY moved lower, in line with the weakening US dollar index futures, which indicated the greenback had lost some steam during the session. (alg)
Source: Newsmaker.id
