Nikkei 225 Gains 2.74%, Supported by Property and Banking Sectors
The Nikkei 225 closed up 2.74% to 6,757 on Friday (May 22nd), led by the Real Estate, Banking, and Textiles sectors. This surge marked a strong rebound after several volatile sessions, with SoftBank Group shares rising 11.89%, Taiyo Yuden rising 11.75% to an all-time high, and Sumitomo Electric Industries adding 10.16%.
Meanwhile, decliners included Tokio Marine Holdings (-4.11%), Tokyu Fudosan (-4.10%), and Sumitomo Dainippon Pharma (-3.88%). Gainers outnumbered decliners, 2,109 to 1,447, with 220 stocks unchanged, while Nikkei volatility fell 6.61% to 27.98.
In the commodity market, WTI Crude rose slightly to $98.03 per barrel, Brent fell slightly to $104.91, and June gold weakened slightly to $4,527 per ounce. These movements reflect the balance between geopolitical concerns and global energy demand.
Currency markets showed USD/JPY rising 0.10% to 159.11, EUR/JPY falling 0.01% to 184.71, and US Dollar Index Futures rising 0.08% to 99.24. The strength of the dollar remains a key factor in capital flows into Japanese assets and supports the upward trend in stocks. (asd)
Source: Newsmaker.id
