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Japan stocks higher at close of trade; Nikkei 225 up 1.58%

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Investing.com – Japan stocks were higher after the close on Wednesday, as gains in the Precision Instruments, Manufacturing and Textile sectors led shares higher.

At the close in Tokyo, the Nikkei 225 gained 1.58%.

The best performers of the session on the Nikkei 225 were Fujikura Ltd. (TYO:5803), which rose 14.82% or 896.00 points to trade at 6,943.00 at the close. Meanwhile, Furukawa Electric Co., Ltd. (TYO:5801) added 12.54% or 882.00 points to end at 7,915.00 and SoftBank Group Corp. (TYO:9984) was up 10.62% or 982.00 points to 10,230.00 in late trade.

The worst performers of the session were Eneos Holdings Inc (TYO:5020), which fell 2.89% or 23.30 points to trade at 783.90 at the close. Dai-ichi Life Holdings Inc (TYO:8750) declined 2.23% or 93.00 points to end at 4,069.00 and Inpex Corp. (TYO:1605) was down 2.15% or 41.00 points to 1,870.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2273 to 1281 and 313 ended unchanged.

Shares in Fujikura Ltd. (TYO:5803) rose to all time highs; gaining 14.82% or 896.00 to 6,943.00. Shares in Furukawa Electric Co., Ltd. (TYO:5801) rose to 5-year highs; rising 12.54% or 882.00 to 7,915.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 3.58% to 21.81.

Crude oil for March delivery was down 0.54% or 0.41 to $75.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March fell 0.38% or 0.30 to hit $78.99 a barrel, while the February Gold Futures contract rose 0.12% or 3.41 to trade at $2,762.61 a troy ounce.

USD/JPY was up 0.26% to 155.89, while EUR/JPY rose 0.01% to 162.18.

The US Dollar Index Futures was up 0.13% at 108.00.

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