Title: Japan stocks higher at close of trade; Nikkei 225 up 1.10%

Mar 29, 2022 03:35AM ET

By: AnalysisWatch

Japanese stocks rose after the close on Tuesday as gains in the warehousing, chemicals, oil, and plastics, and transportation sectors drove stocks higher.

At the close of trading in Tokyo, the Nikkei 225 was up 1.10%, hitting a new 1-month high.

Among the best performers on the Nikkei 225 were shares of Chubu Electric Power Co., Inc., which gained 5.88% or 73.00 points to close at 1,315.00 points. In late trade, Yamaha Motor Co., Ltd. gained 4.19%, or 112.00 points, to close at 2,788.00, while Seven & I Holdings Co., Ltd. gained 4.09%, or 226.00 points, to 5,748.00 in late trade.

Pacific Metals Co., Ltd. was the worst performer, falling 2.22% or 95.00 points to close at 4,190.00 at the close of trading. Eneos Holdings Inc. fell 2.06% or 10.10 points to 479.70, while 2.15% or 112.00 points to 5,107.00.

On the Tokyo Stock Exchange, rising stocks outweighed falling ones by a margin of 2462 to 1102, and 229 ended unchanged.

The Nikkei volatility index, which measures the implied volatility of Nikkei 225 options, rose 1.87% to 25.03.

The price of crude oil for delivery in May fell 0.28%, or $0.30, to $105.66 a barrel.

Elsewhere in commodity trading, Brent oil for June delivery fell 0.03%, or $0.03, to $109.46 a barrel, while April gold futures fell 1.05%, or $20.40, to $1,919.40 a troy ounce.

The USD/JPY fell 0.22% to 123.64, while the EUR/JPY rose 0.09% to 135.15.

Futures on the US dollar index were 0.15% lower at 98.90.