Japan's Nikkei 225 climbed 1.55% at Thursday's Tokyo close, lifted by real estate, banking, and textile shares and a rally in chip stocks. Yet the market's volatility gauge jumped 46.97% to a three-month high, and more stocks fell than rose.
Japan's Nikkei 225 rose 1.55% at Thursday's Tokyo close, with the Real Estate, Banking, and Textile sectors driving the advance. The gain came even as breadth stayed weak and a volatility measure spiked.
Chip makers lead the advance
Semiconductor names topped the board. Kioxia Holdings Corp led gainers, climbing 8.33%, followed by Advantest Corp. at 5.86% and Tokyo Electron Ltd. at 5.51%.
The losing side was led by Mitsubishi Materials Corp., which fell 6.91%. Japan Steel Works Ltd. dropped 3.79%, and Yokohama Rubber Co Ltd. lost 3.49%.
Breadth and volatility tell a different story
Despite the index gain, decliners outpaced advancers. Falling stocks outnumbered rising ones 1,823 to 1,628, with 284 ending unchanged.
The tension showed up in the volatility reading. The Nikkei Volatility index surged 46.97% to 43.65, a new three-month high.
Commodities and the yen
Energy prices eased. Crude oil for August delivery fell 0.38% to $73.24 per barrel, while Brent slipped 0.40% to $77.71. Gold futures rose 0.83% to $4,116.15 per troy ounce.
In currencies, USD/JPY eased 0.15% to 162.33. EUR/JPY edged up 0.03% to 185.68, and the US Dollar Index Futures fell 0.11% to 100.65.
Source: Investing.com
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