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Nikkei 225 Closes Higher, Gains 0.38% on Sector Strength
Japan's Nikkei 225 index advanced at the close of trading on Friday, gaining 0.38% to finish the session in positive territory. The gains were supported by broad strength across several key industries, according to data from the Tokyo Stock Exchange.
Session Highlights
The market rally was led by notable gains in the Real Estate, Banking, and Textile sectors. Market breadth was positive, with 1,977 stocks advancing compared to 1,510 that declined, while 263 stocks finished the session unchanged.
Investor sentiment appeared to improve, as reflected by the Nikkei Volatility index, which measures the implied volatility of Nikkei 225 options. The gauge fell 7.83% to 28.03, indicating a reduction in market uncertainty.
Top Movers
Several companies posted significant moves during the session. The top performers on the Nikkei 225 included:
Ad- Trend Micro Inc. (TYO:4704), which surged 5.94%.
- Recruit Holdings Co Ltd (TYO:6098), which added 4.89% to reach an all-time high.
- Nomura Research Institute Ltd (TYO:4307), climbing 4.36%.
On the other end, the session's biggest decliners were Kioxia Holdings Corp (TYO:285A), which fell 8.76%, alongside Furukawa Electric Co., Ltd. (TYO:5801) and Sumitomo Electric Industries Ltd. (TYO:5802), which dropped 4.55% and 3.33%, respectively.
Other Markets
In commodities, oil prices retreated, with U.S. Crude oil futures for October delivery down 0.77% to $82.89 a barrel. In currency markets, the Japanese yen was steady against the U.S. dollar, with the USD/JPY pair up a marginal 0.02% to 159.42.
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