Title: Japan stocks higher at close of trade; Nikkei 225 up 0.98%
May 23, 2022 03:35AM ET
Japanese stocks rose after Monday's close thanks to gains in the real estate, precision instruments and steel sectors.
The Nikkei 225 index was up 0.98% at the close of trading in Tokyo.
The best performer on the Nikkei 225 was Sompo Holdings Inc, which rose 7.93 per cent or 402.00 points to close at 5,471.00 points. Meanwhile, Tokyo Marine Holdings, Inc. added 7.64 per cent or 518.00 points to close at 7,300.00 points and MS&AD Insurance Group Holdings added 6.72 per cent or 252.00 points to close at 4,000.00 points.
Tosoh Corp. was the worst performer, falling 4.48% or 88.00 points to close at 1,876.00 points. Chiyoda Corp. fell by 3.99% or 18.00 points to close at 433.00 points and JGC Corp. fell by 3.53% or 62.00 points to close at 1,693.00 points.
On the Tokyo Stock Exchange, bullish stocks outnumbered bearish stocks by a ratio of 2,699 to 865, while 215 stocks closed unchanged.
The Nikkei Volatility Index, which measures the implied volatility of options on the Nikkei 225, fell 5.66% to 23.68.
Crude oil for July delivery rose 0.86 per cent, or 0.95, to $111.23 a barrel. In other commodities, Brent crude for August delivery rose 0.98 per cent, or 1.08, to $111.07 a barrel, while gold futures for June delivery rose 0.64 per cent, or 11.72, to $1,853.82 an ounce.
USD/JPY fell 0.16 per cent to 127.64 and EUR/JPY was up 0.28 per cent to 135.39.
Dollar index futures fell 0.54 per cent to 102.62.