Nikkei Rises Led by Real Estate and Banks, Options Volatility Falls Sharply
Japanese stocks closed higher on Wednesday (March 11), with the Nikkei 225 index up 1.51% in Tokyo. The gains were driven by gains in the real estate, banking, and textile sectors, reflecting improved risk appetite after volatile market sessions.
Several large-cap stocks led the gains. Resonac Holdings jumped 10.42% to 11,925, Nintendo rose 8.90% to 9,932, while Furukawa Electric rallied 8.36% to 29,750 at the close.
On the downside, Olympus fell 4.97% to 1,349 and hit a five-year low. NEC fell 4.20% to 4,311, and Shift fell 3.83% to 688.10.
Overall, market breadth was positive, with 2,393 stocks rising, 1,179 falling, and 244 unchanged. The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, fell 42.89% to 32.55, indicating the options market is lowering risk premiums after a period of sharp fluctuations.
In other markets, April WTI was stable at US$83.45 per barrel, while May Brent fell 0.62% to US$87.26. April gold futures fell 0.72% to US$5,204.26 per troy ounce. In FX, USD/JPY fell slightly to 157.99, EUR/JPY rose to 183.79, and US Dollar Index futures weakened 0.06% to 98.75. (alg)
Source: Newsmaker.id
