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Japan Stocks Close Higher; Nikkei 225 Up 0.29%

Japan stocks finished higher on Thursday, with gains primarily driven by the Textile, Chemical, and Services sectors.

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At the close, the benchmark Nikkei 225 index rose by 0.29%, signaling positive sentiment among investors. Advantest Corp. (TYO:6857) emerged as a top performer, climbing 3.73% to 5,836.00, followed by CyberAgent Inc (TYO:4751) which rose 3.05% to 985.30, and GS Yuasa Corp. (TYO:6674) gaining 2.99% to 3,375.00 at market close.

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Conversely, Sapporo Holdings Ltd. (TYO:2501) and Kawasaki Heavy Industries, Ltd. (TYO:7012) experienced declines, falling 3.05% and 2.85% respectively, while Keisei Electric Railway Co., Ltd. (TYO:9009) dropped 2.77%.

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Market breadth leaned towards declines, with 1808 stocks falling compared to 1753 advancing ones, and 302 stocks closing unchanged on the Tokyo Stock Exchange.

GS Yuasa Corp. (TYO:6674) notably reached a three-year high during trading, buoyed by a 2.99% increase to 3,375.00.

Meanwhile, the Nikkei Volatility Index, which gauges the market’s implied volatility through Nikkei 225 options, decreased by 6.76% to 17.11.

In commodities trading, crude oil prices for August delivery slipped slightly to $80.56 per barrel, while Brent oil for August delivery edged up to $85.14 per barrel. August Gold Futures climbed by 0.64% to $2,357.80 per troy ounce.

In currency markets, the USD/JPY pair saw a modest gain of 0.06% to 158.18, while the EUR/JPY pair decreased by 0.05% to 169.79. The US Dollar Index Futures rose by 0.09% to 104.97.

Overall, the day’s trading reflected mixed movements across sectors, with notable gains in technology and service stocks contributing to the Nikkei 225’s modest increase. Market participants continue to monitor global economic indicators and geopolitical developments for future market trends.

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