Nikkei Hits Record, Rises 3.0% Led by Real Estate and Banks
Japanese stocks closed higher on Monday (May 25th), with the Nikkei 225 rising 3.04% to reach an all-time high. The gains were led by the real estate, banking, and textile sectors, signaling improved risk sentiment on the Tokyo Stock Exchange.
Among the major movers, Taiyo Yuden surged 16.51% to a record high, while Fujikura rose 14.43% and Kioxia Holdings rallied 14.02% to also reach a record high. Conversely, pressure was seen on Archion, which fell 8.41%, as well as Pan Pacific International (-4.88%) and Aeon (-4.76%), which each hit 52-week lows.
Market-wide, declining stocks still outnumbered rising stocks on the Tokyo Stock Exchange, reflecting a strong but selective rally. Nikkei Volatility remained stable at 28.35, indicating that the options market has not yet added a volatility premium despite the index's recent peak.
Global asset movements also provide context. Oil prices fell sharply, with WTI July falling 5.42% to US$91.36 and Brent August falling 4.81% to US$95.39, while the August gold contract rose 0.91% to US$4,597.70 per troy ounce.
In the foreign exchange market, USD/JPY fell 0.16% to 158.94, while EUR/JPY rose 0.16% to 185.02. US Dollar Index futures also weakened 0.23% to 98.96, maintaining a risk-on environment that supports Japanese equities, particularly stocks sensitive to improving sentiment. (asd)
Source: Newsmaker.id
