Tokyo stocks finished the session in negative territory on Monday, with the Nikkei 225 closing down 0.62% after losses concentrated in Paper & Pulp, Transport and Communication industry groups pressured the market.
At the close in Tokyo the Nikkei 225 registered the 0.62% decline. Market internals showed more decliners than advancers on the Tokyo Stock Exchange, with 1,767 stocks falling, 974 advancing and 179 finishing unchanged.
Top performers
- Dentsu Inc. (TYO:4324) led the benchmark gains, rising 10.10% or 289.50 points to finish at 3,155.00.
- Archion Corp (TYO:543A) added 7.54% or 30.00 points to close at 428.00.
- Yaskawa Electric Corp. (TYO:6506) rose 7.05% or 345.00 points to end the day at 5,239.00.
Laggers
- TOTO Ltd. (TYO:5332) was the session s worst performer on the index, dropping 7.15% or 410.00 points to 5,322.00 at the close.
- Ibiden Co Ltd (TYO:4062) declined 5.08% or 502.00 points to finish at 9,386.00.
- Yokohama Rubber Co Ltd (TYO:5101) fell 4.79% or 304.00 points to 6,040.00 in late trade.
Volatility indicators moved lower during the session, with the Nikkei Volatility - which measures the implied volatility of Nikkei 225 options - down 3.66% to 32.61.
Commodity markets saw notable moves: crude oil for May delivery rose 6.80% or 6.57 to $103.14 a barrel, while Brent oil for June delivery climbed 6.40% or 6.09 to $101.29 a barrel. In metals, the June Gold Futures contract slipped 0.58% or 27.68 to trade at $4,759.72 a troy ounce.
Currency markets were active, with USD/JPY up 0.24% to 159.68 and EUR/JPY down 0.03% to 186.65. The US Dollar Index Futures was higher by 0.34% at 98.77.
Market context and takeaways
Overall market breadth was negative, with the number of falling stocks outnumbering advancing issues by a wide margin. The session combined sharp individual stock moves on both sides of the ledger with larger swings in commodity and currency markets.