Nikkei 225 Hits Record High After Japanese Stocks Gain Sharply
Japanese stocks closed higher on Monday (June 15th), driven by gains in the real estate, banking, and textile sectors. This gain pushed the Nikkei 225 index up 5.33% and reached an all-time high at the close of trading in Tokyo.
The largest gainer on the Nikkei 225 was led by Taiyo Yuden Co., Ltd., which surged 22.64%, or 3,560 points, to 19,285. Ibiden Co. Ltd. also gained 19.08%, or 3,645 points, to 22,750, while SUMCO Corp. rose 17.85%, or 652 points, to 4,305 at the close of trading.
However, not all stocks saw positive movement. CyberAgent Inc. was one of the stocks with the deepest declines, falling 5.06%, or 69 points, to 1,295. Kikkoman Corp. fell 3.65%, or 59.50 points, to 1,569.50, while Nitori Holdings Co. Ltd. fell 3.25%, or 87.50 points, to 2,603.
Overall, the number of advancing stocks still outnumbered declining stocks on the Tokyo Stock Exchange. A total of 2,402 stocks rose, 1,163 stocks fell, and 208 stocks closed unchanged. Taiyo Yuden shares also hit an all-time high after surging 22.64% to 19,285. Meanwhile, the Nikkei Volatility Index, which measures implied volatility in Nikkei 225 options, fell 2.46% to 37.28.
In the commodities market, crude oil for July delivery fell 5.16%, or US$4.38, to US$80.50 per barrel. Brent for August delivery weakened 4.48%, or US$3.91, to US$83.42 per barrel. Conversely, August gold futures rose 2.12%, or US$89.96, to US$4,328.76 per troy ounce. In the foreign exchange market, USD/JPY edged down 0.06% to 160.13, EUR/JPY rose 0.27% to 185.86, while US Dollar Index Futures weakened 0.24% to 99.25. (asd)
Source: Newsmaker.id
