Japan stocks higher at close of trade; Nikkei 225 up 2.66%

Japan stocks higher at close of trade; Nikkei 225 up 2.66%

© Reuters.  Japan stocks higher at close of trade; Nikkei 225 up 2.66% © Reuters. Japan stocks higher at close of trade; Nikkei 225 up 2.66%

Investing.com – Japan stocks were higher after the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher.

At the close in Tokyo, the Nikkei 225 rose 2.66% to hit a new 5-year high.

The best performers of the session on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (T:4506), which rose 16.47% or 213.0 points to trade at 1506.0 at the close. Meanwhile, IHI Corp. (T:7013) added 6.17% or 119.0 points to end at 2047.0 and Yokogawa Electric Corp. (T:6841) was up 5.11% or 103.0 points to 2120.0 in late trade.

The worst performers of the session were Japan Tobacco Inc (T:2914), which fell 4.39% or 96.0 points to trade at 2090.0 at the close. Hitachi Zosen Corp. (T:7004) declined 2.20% or 13.0 points to end at 578.0 and Inpex Corp. (T:1605) was down 1.92% or 11.0 points to 562.0.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2962 to 638 and 146 ended unchanged.

Shares in Yokogawa Electric Corp. (T:6841) rose to 52-week highs; gaining 5.11% or 103.0 to 2120.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0% to 19.40.

Crude oil for February delivery was up 0.80% or 0.38 to $48.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.73% or 0.37 to hit $51.27 a barrel, while the February Gold Futures contract rose 0.08% or 1.45 to trade at $1881.85 a troy ounce.

USD/JPY was down 0.10% to 103.67, while EUR/JPY rose 0.18% to 127.00.

The US Dollar Index Futures was down 0.31% at 89.993.

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