Nikkei Rises 1.53%, Property and Banking Sectors Lead
Japanese stocks closed higher on Friday (July 3rd), driven by gains in the property, banking, and textile sectors. At the close of trading in Tokyo, the Nikkei 225 index rose 1.53%, reflecting strong positive sentiment in the Japanese stock market.
Market analysts believe the Nikkei's gains were driven by buying in leading stocks, particularly in the technology and semiconductor sectors. Rohm Ltd. was the best-performing stock, surging 14.18% to 5,950. SUMCO Corp. rose 11.30% to 5,094, while Kioxia Holdings gained 9.23% to 83,300.
Despite the positive market movement, several stocks continued to decline. J.Front Retailing fell 3.91% to 3,173, Otsuka Holdings weakened 2.54% to 11,300, and Resonac Holdings fell 2.23% to 17,500. However, overall, advancing stocks far outnumbered declining ones: 2,692 rose, 847 fell, and 225 remained unchanged.
Rohm shares hit a three-year high, while SUMCO rose to a five-year high. Meanwhile, the Nikkei Volatility Index fell 26.76% to 24.74, its lowest level in three months. This decline in volatility indicates that risk pressures in the market are easing.
In the commodity market, US crude oil for August delivery rose 0.35% to US$68.93 per barrel, while Brent for September rose 0.50% to US$72.16 per barrel. August gold futures rose 1.50% to US$4,187.60 per troy ounce. In the currency market, USD/JPY fell 0.09% to 160.87, EUR/JPY edged up 0.04% to 184.24, and US Dollar Index futures weakened 0.15% to 100.47. (asd)
Source: Newsmaker.id
