Dec 3 2024: Japanese equities closed higher on Tuesday, with the Nikkei 225 rising 1.84%, driven by strong performances in the Gas & Water, Banking, and Retail sectors.
Furukawa Electric Co., Ltd. (TYO:5801) was the session’s top performer, jumping 7.04% to 6,870.00, a five-year high. Kawasaki Heavy Industries, Ltd. (TYO:7012) gained 6.62% to close at 5,958.00, while Fujikura Ltd. (TYO:5803) surged 6.18% to 6,012.00, marking an all-time high.
On the downside, Kansai Electric Power Co., Inc. (TYO:9503) dropped 3.08% to 1,934.00, while Tokyo Electric Power Co., Inc. (TYO:9501) fell 1.60% to 533.60, hitting a 52-week low. Sumitomo Dainippon Pharma Co., Ltd. (TYO:4506) declined 1.58% to 562.00.
Market breadth was positive, with 2,416 advancing stocks compared to 1,173 decliners on the Tokyo Stock Exchange.
In commodities, January crude oil edged up 0.37% to $68.35 per barrel, while February Brent crude rose 0.43% to $72.14. Gold futures for February delivery gained 0.39%, trading at $2,668.99 per troy ounce.
In the forex market, USD/JPY climbed 0.29% to 150.02, and EUR/JPY advanced 0.20% to 157.34. The U.S. Dollar Index Futures edged up 0.06% to 106.49.
