Japanese Stock Exchange Skyrockets, Nikkei 225 Sets New Record High
Japanese stock markets closed higher on Tuesday (June 16th), supported by gains in the real estate, banking, and textile sectors. At the close of trading in Tokyo, the Nikkei 225 index rose 0.21%, hitting an all-time high.
The index's gains were driven by several key stocks. Fujikura Ltd. was one of the biggest movers, rising 9.02%, or 392 points, to 4,738. Mitsui Mining and Smelting Co. also rallied 8.53%, or 3,810 points, to 48,500, while Sumitomo Electric Industries Ltd. rose 6.85%, or 790 points, to 12,320.
However, not all stocks moved positively. Obayashi Corp. was one of the stocks with the deepest declines, falling 4.48%, or 149 points, to 3,178. Disco Corp. fell 4.34%, or 3,700 points, to 81,550, while Kajima Corp. fell 3.77%, or 231 points, to 5,899.
Although the Nikkei set a new record, the number of declining stocks on the Tokyo Stock Exchange outnumbered those that rose. 2,326 stocks fell, 1,201 stocks rose, and 242 stocks remained unchanged. Meanwhile, the Nikkei volatility index fell 6.71% to 34.78, indicating that market volatility pressures are easing.
In the commodity market, crude oil for July delivery fell 0.37% to US$80.45 per barrel, while Brent for August delivery weakened 0.55% to US$82.71 per barrel. August gold futures also fell 0.11% to US$4,346.92 per troy ounce. In the foreign exchange market, USD/JPY fell 0.07% to 160.20, EUR/JPY weakened 0.12% to 185.62, while the US Dollar Index edged up 0.06% to 99.44. (asd)
Source: Newsmaker.id
