Nikkei Gains Slightly, Industrial Stocks Advance
Japanese stocks closed slightly higher on Monday (June 7th). The Nikkei 225 index rose 0.14% in Tokyo, supported by gains in the real estate, banking, and textile sectors.
The best-performing stocks came from the heavy industry sector. Mitsubishi Heavy Industries surged 8.39% to 4,110, while Japan Steel Works rose 7.48% to 8,550. IHI Corp also gained 7.02% to 3,071 at the close of trading.
However, several technology and electronic component stocks remained under significant pressure. Taiyo Yuden was one of the main drags, plummeting 10.58% to 18,385. Ibiden fell 8.37%, while Murata Manufacturing weakened 7.49%.
Overall, the number of rising stocks still outnumbered falling ones on the Tokyo Stock Exchange. A total of 2,509 stocks rose, 1,036 stocks fell, and 219 stocks remained unchanged. Although the index rose slightly, market volatility increased sharply, with the Nikkei Volatility Index soaring 37.87% to 34.11.
In other markets, the price of WTI crude oil for August delivery was unchanged at US$68.69 per barrel, while Brent for September delivery edged down 0.17% to US$72 per barrel. August gold futures rose 0.87% to US$4,161.49 per troy ounce. In the currency market, USD/JPY rose 0.56% to 162.28, while EUR/JPY strengthened 0.43% to 185.36. (asd)*
Source: Newsmaker.id
