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Nikkei 225 Hits 1-Month Low

Tokyo's Nikkei 225 took a downturn on Monday, falling by 0.61%, influenced largely by sectors like Transportation Equipment, Shipbuilding, and Machinery.

Tokyo Stock Exchange
Tokyo Stock Exchange

The Downward Trend: Transportation, Shipbuilding, and Machinery Sectors Dip

Japan's market saw a slump as trading closed on Monday, with significant losses observed in the Transportation Equipment, Shipbuilding, and Machinery sectors. These sectors played a pivotal role in pulling down the Nikkei 225 index by 0.61%, leading to a new one-month low.

Monday's Top Performers: CyberAgent, Tosoh Corp., and Toyobo Co., Ltd.

Despite the downward trend, some stocks performed exceptionally well. CyberAgent Inc (TYO:4751) was the best performer, witnessing a rise of 2.81% or 28.50 points, to close at 1,042.00. Meanwhile, Tosoh Corp. (TYO:4042) gained 2.37% or 40.00 points to conclude at 1,728.00, while Toyobo Co., Ltd. (TYO:3101) saw an increase of 2.35% or 25.50 points, closing at 1,111.00.

Monday's Underperformers: Yaskawa Electric Corp., Daiichi Sankyo Co., Ltd., and Nippon Yusen K.K

On the other hand, Yaskawa Electric Corp. (TYO:6506) was among the worst performers, falling 3.44% or 214.00 points to 6,003.00 at the close. Daiichi Sankyo Co., Ltd. (TYO:4568) experienced a drop of 3.10% or 128.00 points, ending at 4,005.00, while Nippon Yusen K.K (TYO:9101) went down by 2.74% or 92.00 points to 3,260.00.

The Nikkei Volatility Index and Market Ratio

The day ended with falling stocks outnumbering the advancing ones on the Tokyo Stock Exchange. The final count was 1789 to 1789, with 274 ending unchanged. In a related development, the Nikkei Volatility, a measure of the implied volatility of Nikkei 225 options, rose 5.47% to 20.26.

Commodities and Currencies Review: Oil, Gold, and Major Currency Pairs

In commodities trading, crude oil for August delivery dropped 0.88% or 0.65 to $73.21 a barrel. Brent oil, set for September delivery, also fell by 0.85% or 0.67 to hit $77.80 a barrel. Gold futures for August contracted by 0.13% or 2.55, trading at $1,929.95 per troy ounce. Meanwhile, the currency pair USD/JPY was up by 0.20% to 142.35, while EUR/JPY fell 0.01% to 155.94. The US Dollar Index Futures was up 0.13% at 102.08.