May 30 2024: Japan’s stock market saw a downturn at the close of trading on Thursday, driven by losses in the Marine Transport, Manufacturing, and Fishery sectors.
The Nikkei 225 index dropped by 1.32%, reaching a new one-month low by the end of the trading session in Tokyo.
Among the top performers of the day on the Nikkei 225 were Takashimaya Co., Ltd. (TYO:8233), which climbed 4.66% or 114.00 points to 2,561.50. GS Yuasa Corp. (TYO:6674) increased by 4.37% or 135.00 points, closing at 3,225.00, while DeNA Co Ltd (TYO:2432) rose by 2.82% or 39.00 points to 1,423.50 in late trading.
Conversely, the session’s worst performers included Advantest Corp. (TYO:6857), which dropped 6.11% or 346.00 points to 5,319.00. Nissan Chemical Industries, Ltd. (TYO:4021) decreased by 4.96% or 225.00 points, ending at 4,309.00, and Tokyo Electric Power Co., Inc. (TYO:9501) declined by 4.40% or 40.80 points to 885.50.
Overall, rising stocks outnumbered declining ones on the Tokyo Stock Exchange, with 1,813 stocks rising, 1,795 falling, and 251 remaining unchanged.
Takashimaya Co., Ltd. (TYO:8233) shares hit a five-year high, rising 4.66% or 114.00 points to 2,561.50. GS Yuasa Corp. (TYO:6674) shares reached a three-year high, increasing by 4.37% or 135.00 points to 3,225.00. Meanwhile, Nissan Chemical Industries, Ltd. (TYO:4021) shares fell to a three-year low, declining by 4.96% or 225.00 points to 4,309.00.
The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, decreased by 3.28% to 16.23, marking a six-month low.
In commodities trading, crude oil for July delivery fell by 0.29% or $0.23 to $79.00 per barrel. Brent oil for August delivery dropped by 0.31% or $0.26 to $83.17 per barrel, while August Gold Futures contracts decreased by 0.60% or $14.10 to trade at $2,350.00 per troy ounce.
In currency exchange, the USD/JPY fell by 0.48% to 156.85, and the EUR/JPY declined by 0.58% to 169.31. The US Dollar Index Futures rose slightly by 0.02% to 105.06.
