Japanese Stocks Rise, Led by Mitsui Engineering & NTT Data Corp.

Summary

The Tokyo stock exchange experienced gains with Mitsui Engineering & Shipbuilding , NTT Data Corp. and Isetan Mitsukoshi Holdings Ltd. emerging as the top performers. The trading session wasn’t as favourable for Kawasaki Kisen Kaisha, Ltd. , Nippon Yusen K.K , and Mitsui O.S.K. Lines, Ltd. with noteworthy declines. Meanwhile, the commodities market saw a decrease in crude oil and Brent oil prices with an increase in gold futures.

Performance of Stocks on Tokyo Exchange

Japanese stocks closed positively on Monday, illustrating advancements in the , and sectors. This, in turn, drove the rise of shares. In Tokyo, the surged 0.37% at close.

Top and Bottom Performers

The standout stocks of this session on the were Mitsui Engineering & Shipbuilding , which experienced a significant 10.19% surge. On the other hand, NTT Data Corp. and Isetan Mitsukoshi Holdings Ltd. also made notable progress. On the flip side, Kawasaki Kisen Kaisha, Ltd. , Nippon Yusen K.K , and Mitsui O.S.K. Lines, Ltd. did not fare as well, recording declines.

Stock Exchange Data

On the Tokyo Stock Exchange, the session closed with a greater number of falling stocks compared to rising ones – the numbers standing at 2378 and 1331 respectively, while 196 remained static.

Commodities and Currency Movements

In the commodities market, Crude oil for February delivery decreased, along with a minor drop in Brent oil for March delivery. In stark contrast, the February Gold Futures contract revealed an upswing. As for currency trades, the USD/JPY pair held steady while the EUR/JPY fell slightly. Finally, the US Dollar Index Futures experienced a slight decrease.

This session’s performance on the Tokyo Exchange directly impacts stock trading, indicative of potential shifts in the Forex market, affecting currency pairs like USD/JPY and EUR/JPY, and determining the price of assets such as crude oil and gold futures.

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