Nikkei Rises 2.44% to Highest in a Month
Japanese stocks (Nikkei 2255) closed higher on Tuesday (April 14), up 2.44%. This growth also reached its highest closing level in a month. The gains were led by the real estate, banking, and textile sectors, reflecting improving risk appetite in the domestic market amid more stable commodity and currency movements.
Among the constituents, SoftBank Group was the main driver, surging 12.70% to close at 4,242, followed by Advantest, which rose 8.52% to 27,000, and Renesas Electronics, which gained 7.96% to 2,732.5. The performance of these growth-oriented and technology stocks significantly boosted the index throughout the session.
On the other hand, pressure emerged on a number of issuers, with Haseko falling 5.65% to 2,722, Archion weakening 4.67% to 408, and Toho dropping 4.56% to 1,582. Overall, the number of rising stocks still outnumbered falling ones on the Tokyo Stock Exchange, indicating a broad, though uneven, rise.
Market risk indicators also tended to ease. The Nikkei Volatility Index fell 1.78% to 32.03, indicating weakening demand for hedging as investors became more comfortable increasing exposure. In the foreign exchange market, USD/JPY fell 0.26% to 159.03, while EUR/JPY remained relatively flat at 187.48.
On the commodity side, oil weakened: May WTI fell 2.19% to US$96.91/barrel and June Brent fell 0.61% to US$98.75/barrel. Meanwhile, June gold futures rose 0.93% to US$4,811.51/oz, in line with the weakening Dollar Index Futures, which fell 0.21% to 97.96, adding support to dollar-denominated assets. (asd)*
Source: Newsmaker.id
