Tokyo's equity market closed higher on Tuesday, with the Nikkei 225 finishing the session up 1.11% as strength in Real Estate, Banking and Textile sectors powered the rise.
At the close in Tokyo, the Nikkei 225 added 1.11%.
Top movers
The session's strongest performers on the Nikkei 225 included Taiyo Yuden Co., Ltd. (TYO:6976), which climbed 8.28% - an increase of 1,540.00 points - to settle at 20,150.00. Furukawa Electric Co., Ltd. (TYO:5801) gained 7.04%, adding 311.00 points to finish at 4,730.00. Dainippon Screen Mfg. Co., Ltd. (TYO:7735) rose 6.20%, or 1,040.00 points, to close at 17,805.00.
Lagging names
On the downside, NEC Corp. (TYO:6701) fell 3.01%, a decline of 122.00 points, to end the day at 3,925.00. Nitori Holdings Co Ltd (TYO:9843) slipped 2.74%, down 68.00 points to 2,414.50, while Konica Minolta, Inc. (TYO:4902) dropped 2.31%, losing 13.00 points to finish at 549.30.
Market breadth and records
Decliners outnumbered advancers on the Tokyo Stock Exchange, with 1,845 stocks down versus 1,674 rising. Another 232 issues finished flat. During the session, shares of Dainippon Screen Mfg. Co., Ltd. (TYO:7735) reached an intraday record high, closing at 17,805.00 after the 6.20% gain.
Volatility and commodities
The Nikkei Volatility index, which tracks implied volatility of Nikkei 225 options, climbed 30.92% to 43.36, marking a new one-month high.
In commodities trading, crude oil for August delivery fell 0.92%, down $0.65 to $70.10 a barrel. Brent for September delivery declined 0.74%, or $0.55, to $73.36 a barrel. The August gold futures contract inched up 0.08%, gaining $3.10 to trade at $4,042.00 a troy ounce.
Foreign exchange and indexes
USD/JPY rose 0.16% to 162.20, while EUR/JPY was unchanged at 184.96. The US Dollar Index Futures was up 0.16% at 101.04.
Market participants weighed the mix of strong sectoral performance against rising option-implied volatility and commodity price moves as the Tokyo session concluded.