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Japan stocks higher at close of trade; Nikkei 225 up 1.50%

Published 01/12/2024, 01:30 AM
© Reuters.  Japan stocks higher at close of trade; Nikkei 225 up 1.50%

Investing.com – Japan stocks were higher after the close on Friday, as gains in the Machinery, Precision Instruments and Shipbuilding sectors led shares higher.

At the close in Tokyo, the Nikkei 225 added 1.50% to hit a new 5-year high.

The best performers of the session on the Nikkei 225 were Fast Retailing Co., Ltd. (TYO:9983), which rose 6.34% or 2,320.00 points to trade at 38,940.00 at the close. Meanwhile, SUMCO Corp. (TYO:3436) added 5.13% or 111.50 points to end at 2,283.00 and Recruit Holdings Co Ltd (TYO:6098) was up 4.89% or 290.00 points to 6,224.00 in late trade.

The worst performers of the session were Mitsui Engineering & Shipbuilding (TYO:7003), which fell 5.25% or 39.00 points to trade at 704.00 at the close. Panasonic Corp (TYO:6752) declined 2.77% or 40.50 points to end at 1,419.00 and Seven & i Holdings Co., Ltd. (TYO:3382) was down 2.65% or 155.00 points to 5,702.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2418 to 1243 and 226 ended unchanged.

Shares in Fast Retailing Co., Ltd. (TYO:9983) rose to all time highs; rising 6.34% or 2,320.00 to 38,940.00. Shares in SUMCO Corp. (TYO:3436) rose to 52-week highs; rising 5.13% or 111.50 to 2,283.00. Shares in Recruit Holdings Co Ltd (TYO:6098) rose to 52-week highs; up 4.89% or 290.00 to 6,224.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 2.19% to 19.62 a new 1-month high.

Crude oil for February delivery was up 2.24% or 1.61 to $73.63 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 2.12% or 1.64 to hit $79.05 a barrel, while the February Gold Futures contract rose 1.03% or 20.80 to trade at $2,040.00 a troy ounce.

USD/JPY was down 0.10% to 145.14, while EUR/JPY fell 0.04% to 159.34.

The US Dollar Index Futures was down 0.03% at 101.99.

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