Latest Articles

Natural Gas Price Confirms Bearish Bias – Forecast for July 26, 2024

The natural gas market has reinforced its bearish outlook, with prices continuing to trend within the established bearish channel. Recently, the price dropped below...
HomeLatestJapan Stocks Decline, Nikkei 225 Drops 1.32%

Japan Stocks Decline, Nikkei 225 Drops 1.32%

On Thursday, Japan’s stock market experienced a downturn, with losses primarily observed in the Marine Transport, Manufacturing, and Fishery sectors, contributing to the overall decline in shares.

At the close of trading in Tokyo, the Nikkei 225 fell by 1.32%, marking a new one-month low.

Among the top performers on the Nikkei 225 during the session were Takashimaya Co., Ltd. (TYO:8233), which saw a 4.66% increase or 114.00 points to reach 2,561.50 at the close, and GS Yuasa Corp. (TYO:6674), which gained 4.37% or 135.00 points, closing at 3,225.00. DeNA Co Ltd (TYO:2432) also experienced a rise of 2.82% or 39.00 points, ending at 1,423.50.

Conversely, the session’s worst performers included Advantest Corp. (TYO:6857), which saw a decline of 6.11% or 346.00 points to trade at 5,319.00 by the close, and Nissan Chemical Industries, Ltd. (TYO:4021), which dropped by 4.96% or 225.00 points to reach 4,309.00. Tokyo Electric Power Co., Inc. (TYO:9501) also saw a decline of 4.40% or 40.80 points, closing at 885.50.

On the Tokyo Stock Exchange, rising stocks slightly outnumbered declining ones, with 1813 stocks rising, 1795 falling, and 251 ending unchanged.

Takashimaya Co., Ltd. (TYO:8233) saw its shares reach five-year highs, rising by 4.66% or 114.00 points to 2,561.50. Similarly, shares in GS Yuasa Corp. (TYO:6674) reached three-year highs, increasing by 4.37% or 135.00 points to 3,225.00. On the other hand, shares in Nissan Chemical Industries, Ltd. (TYO:4021) fell to three-year lows, declining by 4.96% or 225.00 points to 4,309.00.

The Nikkei Volatility, reflecting the implied volatility of Nikkei 225 options, decreased by 3.28% to 16.23, marking a new six-month low.

In commodities trading, crude oil for July delivery declined by 0.29% to $79.00 a barrel, while Brent oil for August delivery fell by 0.31% to $83.17 a barrel. Additionally, the August Gold Futures contract decreased by 0.60% to trade at $2,350.00 a troy ounce.

The USD/JPY currency pair was down by 0.48% at 156.85, and the EUR/JPY pair fell by 0.58% to 169.31.

The US Dollar Index Futures showed a marginal increase of 0.02%, reaching 105.06.