Jul 15, 2022 03:35AM ET
By: AnalysisWatch
Japanese stocks rallied after the close of trading on Friday, with gains in the electrical, machinery, precision tools, and mining sectors driving shares higher.
At the close of the Tokyo market, the Nikkei 225 gained 0.54 percent.
The best performer during the session was the Nikkei 225 index, which rose 8.70% or 6,100.00 points to close at 76,230.00 points.
Meanwhile, Hino Motors, Ltd. added 3.69% or 26.00 points to close at 731.00 points and Shionogi & Co, Ltd. rose 3.54% or 255.00 points to close at 7,457.00 points.
The worst performers during the session were Concordia Financial Group Ltd., which declined by 3.85 per cent or 17.00 points to trade at 425.00 points at the close. JC Corp. fell 3.59% or 60.00 points to 1,610.00 points and Chiba Bank Ltd. dropped 3.19% or 23.00 points to 698.00 points.
On the Tokyo Stock Exchange, declining stocks outnumbered rising ones by 2,173 to 1,334 while 255 ended unchanged.
The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, dropped 3.37 percent to 21.78 points.
The price of crude oil for August delivery increased 0.31 percent, or $0.30, to $96.08 per barrel.
Elsewhere in commodities trading, Brent crude oil for September delivery rose 0.64% or $0.63 to $99.73 a barrel, while the August gold futures contract fell 0.21% or $3.60 to trade at $1702.20 an ounce.
The Australian dollar/yen fell 0.11% to 138.75 points, while the euro/yen was unchanged at 0.00% to 139.12 points.
US dollar index futures were down 0.01% at 108.39.