Japan Stocks Hit 1-Month Highs: IHI Corp. Soars 5.52%
Investing.com – In a bullish session on Monday, Japan stocks closed higher with gains in the technology, healthcare, and industrial sectors driving the market up. The Nikkei 225 rose by 0.14% to reach a new 1-month high.
The top performers included IHI Corp. (TYO:), which surged by 5.52% or 350.00 points to close at 6,688.00. Credit Saison Co., Ltd. (TYO:) and Fujikura Ltd. (TYO:) also saw significant gains of 5.43% and 4.94% respectively.
On the other hand, Sumitomo Dainippon Pharma Co Ltd (TYO:) and Chugai Pharmaceutical Co., Ltd. (TYO:) were among the worst performers, falling by 6.13% and 6.07% respectively.
Overall, falling stocks outnumbered advancing ones on the Tokyo Stock Exchange, with 2109 declining, 1517 advancing, and 255 remaining unchanged.
Notably, shares in IHI Corp. soared to 5-year highs, while Fujikura Ltd. reached all-time highs.
In the commodities market, crude oil prices saw a slight decline, while gold futures rose. The currency market saw the USD/JPY and EUR/JPY pairs increasing, while the US Dollar Index Futures dipped slightly.
In summary, Japan's stock market showed positive momentum with notable gains in various sectors. Investors should keep an eye on the market trends and consider diversifying their portfolios to maximize returns.
