The Nikkei 225 closed 2.04% lower in Tokyo on Tuesday, dragged down by losses in the Paper & Pulp, Transport and Communication sectors. Several technology-hardware names posted the session’s steepest drops, and the Nikkei Volatility index rose 9.53%.
Japan’s benchmark Nikkei 225 fell 2.04% at the close in Tokyo on Tuesday, ending at 68,315.00, a drop of 1,422.69 points. Losses in the Paper & Pulp, Transport and Communication sectors led shares lower.
The session’s biggest losers
The steepest falls came from technology-hardware names. SUMCO Corp. dropped 11.62%, or 601.00 points, to close at 4,570.00. Kioxia Holdings declined 11.26%, shedding 9,190.00 points to 72,400.00, while Taiyo Yuden lost 11.04%, or 2,030.00 points, to end at 16,355.00.
Not every corner of the market followed. Sapporo Holdings rose 7.91%, or 150.00 points, to 2,045.50, and Central Japan Railway added 3.96% to reach 3,700.00. Even so, falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1840 to 1649, with 265 unchanged.
Volatility and the yen
The Nikkei Volatility index, which measures the implied volatility of Nikkei 225 options, rose 9.53% to 37.36.
In currencies, USD/JPY edged down 0.04% to 162.03, while EUR/JPY fell 0.14% to 185.19. Meanwhile the US Dollar Index Futures rose 0.10% to 100.71.
Commodities pushed the other way. Crude oil for August delivery gained 1.27% to $69.42 a barrel, and September Brent rose 1.36% to $72.97. Gold futures for August, by contrast, slipped 0.61% to $4,142.19 a troy ounce.
Source: Investing.com
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