Japan Stocks Close Lower as Paper, Transport, and Communication Sectors Drag Markets
Tokyo, January 22 — Japanese equities ended Wednesday’s session in the red, with losses in the Paper & Pulp, Transport, and Communication sectors weighing on the market.
The Nikkei 225 fell 0.47% by the close in Tokyo.
Among the day’s top performers, Furukawa Electric Co., Ltd. (TYO:5801) surged 7.81% to 12,075.00, reaching a five-year high. Ebara Corp. (TYO:6361) climbed 6.27% to 5,052.00, hitting a three-year high, while Fujikura Ltd. (TYO:5803) added 6.22% to close at 17,930.00.
On the losing side, T&D Holdings, Inc. (TYO:8795) dropped 4.15% to 3,807.00, Ricoh Co., Ltd. (TYO:7752) fell 4.07% to 1,380.00, and Mizuho Financial Group Inc. (TYO:8411) slipped 3.94% to 6,557.00.
Overall, declining stocks outnumbered advancing ones 2,770 to 828, with 232 shares unchanged on the Tokyo Stock Exchange.
Market volatility rose as the Nikkei Volatility Index, which tracks implied volatility of Nikkei 225 options, jumped 10.76% to 32.84, marking a one-month high.
In commodities, March crude oil fell 1.19% to $59.64 a barrel, while Brent crude for March delivery dropped 1.32% to $64.06 a barrel. Meanwhile, February gold futures gained 1.63% to trade at $4,843.49 per troy ounce.
Forex Update: USD/JPY and EUR/JPY Dip Slightly
Tokyo, January 22 — The USD/JPY pair edged down 0.03% to 158.13, while EUR/JPY slipped 0.04% to 185.32. Meanwhile, the US Dollar Index Futures declined 0.07% to 98.38.
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