Nikkei 225 Weakens 1.66%, Japanese Stocks Close in the Red
Japanese stock markets closed lower on Wednesday (June 10th). The Nikkei 225 index fell 1.66% after selling pressure hit several key sectors, particularly paper and pulp, transportation, and communications. This decline indicates that investors remain cautious regarding the volatile market conditions.
Despite the decline in the main index, several stocks still managed to post gains. Mitsubishi Estate was one of the best-performing stocks, rising 5.18% to 4,162. Oriental Land also gained 4.30% to 2,292.50, while Dainippon Screen Mfg. rose 4.22% to close at 12,980.
On the other hand, significant pressure came from stocks that recorded sharp declines. Taiyo Yuden was the biggest decliner, plunging 12.91% to 15,655. Furukawa Electric fell 11.74% to 41,040, while Sumitomo Electric Industries fell 11.71% to 10,630. The sharp corrections in these stocks weighed on the overall index.
Overall, the number of declining stocks on the Tokyo Stock Exchange outnumbered those that rose. 1,884 stocks fell, while 1,663 rose, and 219 closed unchanged. The Nikkei volatility index also rose 0.59% to 32.65, indicating that market uncertainty remains significant.
In the commodity and foreign exchange markets, crude oil prices weakened slightly, with WTI at around US$88.17 per barrel and Brent at around US$91.43 per barrel. Meanwhile, gold futures fell 1.38% to US$4,227.30 per troy ounce. In the currency market, USD/JPY rose slightly to 160.38, EUR/JPY strengthened to 185.22, and the US dollar index moved slightly higher to 99.91. (asd)
Source: Newsmaker.id
