Business News

Japan stocks higher at close of trade; Nikkei 225 up 0.14%

Investing.com – Japanese stocks ended higher on Monday, with gains in the Shipbuilding, Power, and Manufacturing sectors driving the Nikkei 225 to a new one-month high.

At the close in Tokyo, the Nikkei 225 increased by 0.14%.

Leading the gains were IHI Corp. (TYO:7013), which rose 5.52% or 350.00 points to 6,688.00, Credit Saison Co., Ltd. (TYO:8253), up 5.43% or 175.00 points to 3,400.00, and Fujikura Ltd. (TYO:5803), which advanced 4.94% or 208.00 points to 4,415.00.

In contrast, Sumitomo Dainippon Pharma Co. Ltd. (TYO:4506) dropped 6.13% or 41.00 points to 628.00, Chugai Pharmaceutical Co., Ltd. (TYO:4519) fell 6.07% or 448.00 points to 6,936.00, and Yamato Holdings Co., Ltd. (TYO:9064) decreased 3.37% or 57.00 points to 1,635.00.

On the Tokyo Stock Exchange, declining stocks outnumbered advancers by 2,109 to 1,517, with 255 remaining unchanged.

Notable performances included IHI Corp. hitting a five-year high and Fujikura Ltd. reaching an all-time high.

The Nikkei Volatility Index, reflecting the implied volatility of Nikkei 225 options, fell 6.08% to 21.32, a new one-month low.

In commodities, crude oil for October delivery dropped 0.60% to $73.11 per barrel. Brent oil for November delivery fell 0.71% to $76.38 per barrel, while December Gold Futures gained 0.22% to $2,533.10 per troy ounce.

The USD/JPY pair rose 0.08% to 146.27, and the EUR/JPY pair increased 0.17% to 161.76.

The US Dollar Index Futures decreased 0.03% to 101.59.

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