Nikkei 225 Falls 1.26% Led by Weakness in Transport and Communications
The Nikkei 225 closed down 1.26% on Friday (June 5) in Tokyo, with pressure primarily coming from the Paper & Pulp, Transport, and Communications sectors. Increased volatility accompanied the decline, with Nikkei Volatility rising 0.51% to 29.46.
On the individual stock side, the index's main gainers were Japan Steel Works, which rose 8.99% to 7,930, followed by Trend Micro, which gained 7.28% to 6,678. T&D Holdings also rose 6.42% to 4,390, hitting a five-year high.
Conversely, the biggest pressure came from SUMCO, which fell 7.44% to 4,041, followed by Ibiden, which fell 6.92% to 18,760. Tokyo Electron fell 6.61% to 59,450, emphasizing the pressure on large-cap stocks.
Overall, rising stocks still outnumbered falling stocks on the Tokyo Stock Exchange, with 2,701 stocks advancing, 861 declining, and 204 unchanged. However, weakness in several major constituents was enough to drag the main index into negative territory.
In other markets, WTI crude oil for July delivery fell 0.29% to US$92.77/barrel, while Brent for August delivery was relatively stable at US$95.07/barrel. August gold futures fell 0.56% to US$4,479.57/oz. In foreign exchange, USD/JPY was nearly flat at 159.94, while the dollar index futures edged down to 99.33. (asd)
Source: Newsmaker.id
