Oct 1 2024: Japan’s stock market closed on a positive note Tuesday, driven by strong performances in the Banking, Chemical, Petroleum & Plastic, and Paper & Pulp sectors.
At the close of trading in Tokyo, the Nikkei 225 index gained 1.97%.
Top performers included Kawasaki Heavy Industries Ltd. (TYO:7012), which surged 8.30% or 482.00 points to finish at 6,287.00. Mitsubishi Heavy Industries Ltd. (TYO:7011) followed closely with a 7.84% increase or 166.00 points to close at 2,283.50, and Japan Steel Works Ltd. (TYO:5631) rose 7.74% or 389.00 points to settle at 5,413.00.
On the downside, Trend Micro Inc. (TYO:4704) declined 1.44% or 122.00 points to 8,364.00, ANA Holdings Inc. (TYO:9202) dropped 1.43% or 44.00 points to 3,025.00, and Nitori Holdings Co. Ltd. (TYO:9843) fell 1.42% or 310.00 points to 21,485.00.
Advancing stocks outnumbered decliners on the Tokyo Stock Exchange, with 2,774 gaining and 869 losing, while 219 remained unchanged.
Mitsubishi Heavy Industries Ltd. reached a record high, climbing 7.84% to 2,283.50. Meanwhile, Japan Steel Works Ltd. hit a 5-year peak, rising 7.74% to 5,413.00.
The Nikkei Volatility Index, reflecting implied volatility for Nikkei 225 options, increased by 6.49% to 28.23.
In the commodities market, crude oil for November delivery edged up 0.12% to $68.25 per barrel, while Brent oil for December delivery rose 0.11% to $71.78 per barrel. Gold futures for December gained 0.24%, reaching $2,665.85 per troy ounce.
In currency trading, the USD/JPY pair rose 0.58% to 144.46, while EUR/JPY gained 0.60% to 160.88. The US Dollar Index Futures inched up 0.03%, standing at 100.55.
