Nikkei Closes Lower, Japanese Stocks Under Pressure at End of Session
Japanese stocks closed lower on Monday (April 13), with the Nikkei 225 index down 0.62% in Tokyo. The decline was led by declines in the Paper & Pulp, Transport, and Communication sectors, which pushed the index into negative territory until the close.
At the stock level, Dentsu was a key supporter, surging 10.10% to 3,155. Archion gained 7.54% to 428, while Yaskawa Electric rose 7.05% to 5,239, preventing the index from declining further.
The biggest pressure came from TOTO, which fell 7.15% to 5,322. Ibiden fell 5.08% to 9,386, and Yokohama Rubber fell 4.79% to 6,040, reflecting the widening pressure on several large stocks during the session.
Broadly speaking, decliners outnumbered gainers on the Tokyo Stock Exchange, with 1,767 stocks declining and 974 rising, while 179 were unchanged. The Nikkei volatility index fell 3.66% to 32.61, signaling a reduction in implied Nikkei options volatility, despite the index closing negative.
In commodity markets, oil prices rose sharply: WTI May contracts rose 6.80% to US$103.14 per barrel, while Brent June contracts rose 6.40% to US$101.29. June gold futures fell 0.58% to US$4,759.72 per troy ounce. In FX, USD/JPY rose 0.24% to 159.68, while EUR/JPY edged down 0.03% to 186.65. (asd)
Source: Newsmaker.id
