“Japan Stocks Slip as Transportation and Food Sectors Drag Nikkei 225 Down”


  • Nikkei 225 falls 1.31%: Japan’s stock market experienced a decline, with the Nikkei 225 index closing lower, mainly impacted by losses in the Transportation Equipment, Fishery, and Food sectors.
  • Best and worst performers: Taisei Corp and Subaru Corp were among the top performers of the session, reaching 3-year highs, while Advantest Corp and Terumo Corp were among the worst-performing stocks.
  • Commodity and currency movements: Crude oil and Brent oil futures saw slight gains, while gold futures also increased.

On Thursday, the Nikkei 225 index in Tokyo experienced a decline of 1.31%, with losses led by the Transportation Equipment, Fishery, and Food sectors, dragging down overall shares. Among the top performers of the session were Taisei Corp., which saw a rise of 2.29% and reached a 3-year high, Subaru Corp with a 2.01% increase, and JFE Holdings, Inc. which rose 1.75% and also reached a 3-year high. Conversely, Advantest Corp. faced a decline of 4.18%, Terumo Corp. declined by 3.01%, and Yaskawa Electric Corp. was down by 2.90% at the close.

The Tokyo Stock Exchange saw more falling stocks than advancing ones, with a count of 2224 to 1350, and 272 ended unchanged. The Nikkei Volatility, which measures implied volatility, was down by 2.70% at 19.82, suggesting a decrease in market uncertainty. In commodities trading, crude oil for September delivery rose by 0.17% to $75.42 a barrel, while Brent oil for September delivery increased by 0.19% to $79.61 a barrel. Additionally, the August Gold Futures contract rose by 0.14% to $1,983.10 per troy ounce.

The currency market saw the USD/JPY pair decline by 0.21% to 139.38, while the EUR/JPY pair fell by 0.09% to 156.34. The US Dollar Index Futures were down by 0.11% at 99.88, indicating a slight weakening of the US dollar against a basket of other currencies.

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