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Japan Stocks Close Higher; Nikkei 225 Up 0.74%

Tokyo’s stock market concluded Monday’s trading session on a positive note, driven by gains in the Shipbuilding, Marine Transport, and Paper & Pulp sectors, which propelled shares higher.

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At the close in Tokyo, the Nikkei 225 index advanced by 0.74%.

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Among the top performers on the Nikkei 225 index were Kansai Electric Power Co Inc (TYO:9503), which surged by 6.36% or 163.00 points to reach 2,727.50 at the close. Furukawa Electric Co., Ltd. (TYO:5801) also recorded significant gains, rising by 6.27% or 236.00 points to conclude at 3,997.00, while Fuji Electric Co., Ltd. (TYO:6504) climbed by 5.53% or 487.00 points to reach 9,301.00 in late trade.

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Conversely, the session’s underperformers included CyberAgent Inc (TYO:4751), which experienced a decline of 4.19% or 42.20 points, closing at 965.80. Nexon Co Ltd (TYO:3659) fell by 3.54% or 90.50 points, settling at 2,466.00, while Konami Corp. (TYO:9766) slipped by 2.61% or 280.00 points to 10,460.00.

Overall, rising stocks outnumbered declining ones on the Tokyo Stock Exchange, with 2149 stocks advancing, 1473 declining, and 264 remaining unchanged.

Notably, shares in Kansai Electric Power Co Inc (TYO:9503) reached 5-year highs, surging by 6.36% or 163.00 points to 2,727.50.

The Nikkei Volatility index, which measures the implied volatility of Nikkei 225 options, saw a 4.37% increase to 16.96.

In commodities trading, crude oil for July delivery rose by 0.40% or 0.31 to $78.03 a barrel. Brent oil for delivery in August also saw an increase of 0.40% or 0.33, reaching $82.17 a barrel. Meanwhile, the June Gold Futures contract rose by 1.44% or 33.55, trading at $2,368.05 a troy ounce.

Against the Japanese yen, the US dollar was down by 0.12% to 156.80, while the euro fell by 0.12% to 170.10.

The US Dollar Index Futures remained unchanged at 104.64, showing no movement in the trading session.

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