Nikkei Rises 0.94%, Supported by Property and Banking Sectors
Japanese stocks closed higher on Wednesday (May 13), with the Nikkei 225 index up 0.94% in Tokyo. The gains were led by gains in the real estate, banking, and textile sectors, which pushed the index to a positive close.
At the stock level, Olympus recorded the largest gain, surging 19.83% to 1,846, while Furukawa Electric rose 15.27% to 58,130, hitting an all-time high. Taiheiyo Cement also rose 11.43% to 4,213. Overall, the number of advancing stocks outnumbered the declining ones on the Tokyo Stock Exchange.
On the downside, Shimizu fell 9.75% to 3,127, followed by NSK, which fell 8.38% to 1,263.5, and SUMCO, which fell 6.78% to 3,505. Meanwhile, the Nikkei volatility indicator edged up 0.32% to 31.85, reflecting the option risk premium remaining high despite the index's rally.
Cross-asset movements were mixed: WTI crude oil for June delivery fell 1.23% to US$100.92 per barrel, and Brent crude for July delivery fell 1.23% to US$106.44, while June gold futures rose 0.51% to 4,710.59 per troy ounce. In the currency market, USD/JPY strengthened 0.11% to 157.77, while EUR/JPY edged down 0.03% to 184.90—a combination that saw the yen strengthen against the euro but weaken against the dollar. (asd)
Source: Newsmaker.id
