Nikkei Weakens 0.81%
Japanese stocks closed Wednesday, with the Nikkei 225 index down 0.81% in Tokyo. This decline occurred after selling pressure hit several key sectors, particularly paper and pulp, transportation, and communications.
Market movements indicated that investor sentiment remained cautious. Declining stocks outnumbered advancing ones on the Tokyo Stock Exchange, with 1,810 stocks declining, 1,681 stocks rising, and 261 stocks remaining unchanged.
Despite the decline in the main index, several stocks still posted positive performance. Sharp Corp. was the biggest gainer on the Nikkei 225, surging 15.14% to 665.50 yen. Panasonic also rose 5.30% to 4,454 yen, while Sapporo Holdings gained 4.21% to 1,954.50 yen.
Panasonic's rise even brought the stock to an all-time high. Meanwhile, Sapporo Holdings shares reached a five-year high, indicating continued buying interest in certain issuers despite overall market pressure.
On the other hand, T&D Holdings was the stock with the deepest decline, falling 5.74% to 4,627 yen. Dai-ichi Life Holdings fell 4.64% to 1,728 yen, while Nippon Express Holdings fell 4.50% to 4,965 yen.
Pressure in the Japanese market also occurred amid weakening global commodity prices. WTI crude oil for August delivery fell 1.11% to US$72.40 per barrel, while Brent fell 1.03% to US$76.01 per barrel. August gold futures also fell 1.06% to US$4,105.55 per troy ounce, reflecting ongoing pressure across various global assets. (asd)
Source: Newsmaker.id
