Nikkei 225 Sets New Record, Supported by Real Estate and Banking
Japanese stocks closed higher on Monday (June 1), with the Nikkei 225 index rising 0.90% to a new record high. The gains were led by the real estate, banking, and textile sectors, marking a solid session on the Tokyo Stock Exchange.
The index's gains were supported by a surge in several large-cap stocks. SoftBank Group surged 14.02% to an all-time high, while Kioxia Holdings rose 10.10% to a record high, and SUMCO surged 9.46% to a five-year high.
Meanwhile, pressure emerged on several defensive and industrial companies. Denka fell 7.33%, Mitsubishi Electric fell 7.17%, and Shiseido fell 6.96%, reflecting selective rotation within the market despite the main index's gains.
Market participation was broadly positive, with advancing stocks outnumbering declining ones (2,617 versus 982), while implied volatility weakened. The Nikkei Volatility Index fell 3.38% to 26.04, its lowest level in three months, indicating a more manageable short-term risk premium.
Across assets, oil rose sharply, with WTI rising 3.13% to US$90.09 per barrel and Brent rising 2.83% to US$93.70, while gold futures fell 1.33%. The yen weakened slightly, with USD/JPY rising to 159.42, and dollar index futures showed limited gains—a combination that maintains support for risk assets, while the market monitors energy movements, the yen exchange rate, and volatility dynamics for further sentiment. (asd)
Source: Newsmaker.id
