Title: Japan stocks higher at close of trade; Nikkei 225 up 1.08%

Feb 09, 2022 02:35 AM ET

By: AnalysisWatch

Japanese stocks rose after the close on Wednesday as gains in the pulp and paper, railways and buses, and real estate sectors drove stocks higher.

At the close in Tokyo, the Nikkei 225 was up 1.08%.

IHI Corp. was the best performer on the Nikkei 225, gaining 10.05%, or 238.0 points, to close at 2607.0 points. Meanwhile, AGC, Inc. gained 9.43%, or 480.0 points, to close at 5570.0, and JFE Holdings, Inc. rose 9.04%, or 141.0 points, to 1700.0 in late trading.

The worst performer was DeNA Co Ltd, which fell 6.98% or 123.0 points to close at 1640.0 in late trade. Taiheiyo Cement Corp. fell 5.82% or 136.0 points to close at 2200.0, and Meiji Holdings Co., Ltd. fell 4.95% or 360.0 points to 6910.0.

On the Tokyo Stock Exchange, rising stocks outweighed falling ones by 2649 to 939, and 199 ended unchanged.

Shares of Dena Co Ltd fell to a 52-week low, losing 6.98%, or 123.0 to 1640.0.

Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged at 0% to 24.20.

The price of crude oil for delivery in March fell 0.55%, or $0.49, to $88.87 per barrel. Elsewhere in commodity trading, Brent oil for delivery in April fell 0.56%, or $0.51, to $90.27 per barrel, while the April gold futures contract fell 0.02%, or $0.30, to settle at $1827.60 per troy ounce.

The USD/JPY fell 0.07% to 115.46, while the EUR/JPY fell 0.07% to 131.79.

Futures on the US dollar index fell 0.04% to 95.605.