Tokyo’s Nikkei 225 index closed with a modest gain of 0.28% on Tuesday, lifted by strength in various sectors.
The mining sector was a major contributor to the advance, with Osaka Gas leading the charge with a 4.84% increase. Other notable gainers in the sector included NTT Data and Tokyo Gas.
Other sectors that supported the index’s rise included chemicals, petroleum, plastics, and warehousing. However, losses in the real estate and transportation sectors partially offset these gains.
Toho, Kansai Electric Power, and Denso were among the day’s biggest losers, with Toho dropping over 2.6%.
Overall, advancing stocks outnumbered declining ones by a significant margin, indicating broad-based buying activity. The Nikkei Volatility index, which measures implied volatility in Nikkei 225 options, surged to a 52-week high, suggesting increased market uncertainty.
In commodities trading, crude oil and Brent oil prices both edged higher, while gold futures declined. The US dollar weakened slightly against the Japanese yen, while the euro also saw a modest decline.
