Title: Japan stocks higher at close of trade; Nikkei 225 up 1.48%
Mar 22, 2022 03:35AM ET
Japan's stocks rose after the close on Tuesday as gains in the shipbuilding, communications, and real estate sectors drove stocks higher.
At the close in Tokyo, the Nikkei 225 rose 1.48% to a new one-month high.
Inpex Corp. was the best performer on the Nikkei 225, gaining 8.63% or 114.00 points to close at 1,435.00. Chiyoda Corp. gained 8.19%, or 37.00 points, to close at 489.00, while Mitsubishi Corp. rose 6.89%, or 296.00 points, to 4,592.00 in late trading.
Kikkoman Corp. was the worst performer, falling 6.72%, or 580.00 points, to close at 8,050.00 points in late trade. Nippon Yusen K.K. fell 1.85% or 230.00 points to close at 12,170.00 and Nisshin Seifun Group Inc. dropped 1.81% or 32.00 points to 1,734.00.
On the Tokyo Stock Exchange, rising stocks outweighed falling ones by 1915 to 1692, and 210 ended unchanged.
Shares of Inpex Corp. rose to a 3-year high, gaining 8.63% or 114.00 points to 1,435.00, while shares of Mitsubishi Corp. rose 6.89% or 296.00 to 4,592.00, an all-time high.
Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, fell 4.82% to 25.29.
Crude oil for delivery in May rose 1.56%, or 1.72, to $111.69 a barrel. Elsewhere in commodity trading, Brent oil for delivery in May rose 1.55%, or 1.79, to $117.41 a barrel, while the April gold futures contract gained 0.27%, or 5.25, to $1,934.75 a troy ounce.
The USD/JPY pair rose 0.81% to 120.43, while the EUR/JPY rose 0.48% to 132.21.
Futures on the US dollar index rose 0.35% to 98.85.