Japan’s stock market witnessed a downturn on Friday’s close, with losses in the Power, Retail, and Real Estate sectors leading shares lower.
The Nikkei 225 concluded the trading session in Tokyo with a decline of 0.40%.
Among the session’s top performers on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), marking a notable rise of 7.01% or 292.00 points to settle at 4,456.00 by the close. Following suit, Dai-ichi Life Holdings Inc (TYO:8750) saw a gain of 3.52% or 129.00 points, closing at 3,796.00, while Sumitomo Mitsui Financial (TYO:8316) experienced a surge of 3.44% or 323.00 points to reach 9,723.00 in late trade.
Conversely, the session’s worst performers included Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which suffered a decrease of 5.35% or 19.00 points, concluding at 336.00 at the close. Dentsu Inc. (TYO:4324) followed suit with a decline of 4.32% or 187.00 points, closing at 4,143.00, while CyberAgent Inc (TYO:4751) dropped by 4.27% or 46.00 points, settling at 1,030.50.
Rising stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2197 stocks recording gains, 1444 facing declines, and 234 ending unchanged.
Japan Steel Works Ltd (TYO:5631) and Sumitomo Mitsui Financial (TYO:8316) both saw their shares reaching 5-year highs, climbing by 7.01% and 3.44%, respectively.
The Nikkei Volatility, indicating the implied volatility of Nikkei 225 options, increased by 1.21% to 18.45.
In commodities trading, crude oil for June delivery saw an increase of 0.45% or 0.36, reaching $79.59 a barrel. Meanwhile, Brent oil for delivery in July rose by 0.64% or 0.53, hitting $83.80 a barrel. Additionally, the June Gold Futures contract experienced a rise of 0.15% or 3.60, trading at $2,389.10 a troy ounce.
The USD/JPY pair saw an increase of 0.22% to 155.72, while the EUR/JPY pair rose by 0.17% to 169.16.
The US Dollar Index Futures rose by 0.11% to 104.46.