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HomeLatestJapan's Nikkei 225 Falls 1.54% as Transport and Marine Sectors Lead Losses

Japan’s Nikkei 225 Falls 1.54% as Transport and Marine Sectors Lead Losses

On Wednesday, Japan’s stock market closed lower, with the Nikkei 225 index declining by 1.54%, driven by losses in the Transport, Marine Transport, and Warehousing sectors.


Key Points:


Nikkei 225 Performance: The Nikkei 225 index lost 1.54% at the close of trading in Tokyo.


Top Performers: Among the best-performing stocks on the Nikkei 225 were Yokogawa Electric Corp. (TYO:6841), which rose by 8.67%, and Nippon Yusen K.K (TYO:9101), which added 4.07%. Alps Electric Co., Ltd. (TYO:6770) also saw gains of 2.10%.

Worst Performers: AGC Inc (TYO:5201) recorded the largest decline, falling by 10.14%, followed by Mitsubishi Heavy Industries, Ltd. (TYO:7011) with a decline of 7.30%. Ricoh Co., Ltd. (TYO:7752) also dropped by 6.16%.

Market Sentiment: Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange, with 2230 declining, 1347 advancing, and 288 remaining unchanged.

Highs and Lows: Yokogawa Electric Corp. (TYO:6841) and Alps Electric Co., Ltd. (TYO:6770) reached all-time highs and 52-week highs, respectively.

Volatility: The Nikkei Volatility, measuring the implied volatility of Nikkei 225 options, decreased by 3.63% to 19.91.

Commodities: Crude oil prices for June delivery fell by 0.63% to $77.89 a barrel, while Brent oil for July delivery dropped by 0.63% to $82.64 a barrel. The June Gold Futures contract decreased by 0.02% to $2,323.70 a troy ounce.

Currency Markets: USD/JPY rose by 0.36% to 155.25, and EUR/JPY increased by 0.28% to 166.83. The US Dollar Index Futures edged up by 0.10% to 105.41.

In summary, Japan’s stock market experienced a notable decline, influenced by sector-specific losses and mixed market sentiment, with investors closely monitoring developments in commodities and currency markets.