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Nikkei 225 Plunges 1.88% to Hit One-Month Low as Japan Stocks Dip

Japan stocks concluded lower on Tuesday’s trading session, with losses primarily concentrated in the Paper & Pulp, Retail, and Chemical, Petroleum & Plastic sectors, exerting downward pressure on shares.

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At the close in Tokyo, the Nikkei 225 index plummeted by 1.88%, marking a new one-month low.

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Among the session’s top performers on the Nikkei 225 were Toho Co., Ltd. (TYO:9602), which surged by 7.40% or 368.00 points to reach 5,323.00 by the session’s end. Similarly, Nidec Corp (TYO:6594) recorded a gain of 6.87% or 436.00 points, closing at 6,783.00, while Hoya Cor (TYO:7741) saw an increase of 2.76% or 470.00 points, concluding at 17,495.00.

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Conversely, J.Front Retailing Co., Ltd. (TYO:3086) emerged as one of the session’s worst performers, declining by 9.15% or 151.50 points to trade at 1,506.50 at the session’s close. Fujikura Ltd. (TYO:5803) experienced a drop of 8.41% or 234.50 points, finishing at 2,557.50, while Isetan Mitsukoshi Holdings Ltd. (TYO:3099) fell by 8.30% or 209.50 points, closing at 2,311.50.

On the Tokyo Stock Exchange, declining stocks outnumbered advancing ones by a significant margin, with 3225 stocks recording losses, 518 stocks witnessing gains, and 130 remaining unchanged.

The Nikkei Volatility index, which measures the implied volatility of Nikkei 225 options, dipped by 3.67% to 19.97.

In commodities trading, May delivery crude oil experienced a modest increase of 0.42% or 0.36, reaching $85.77 per barrel. Additionally, Brent oil for delivery in June rose by 0.38% or 0.34 to $90.44 per barrel, while the June Gold Futures contract saw a gain of 0.57% or 13.70, closing at $2,396.70 per troy ounce.

USD/JPY pair rose by 0.14% to 154.49, whereas EUR/JPY fell by 0.05% to 163.84.

The US Dollar Index Futures climbed by 0.20% to 106.21.

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