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Japan stocks higher at close of trade; Nikkei 225 up 0.38%

Published 10/17/2017, 04:35 AM
© Reuters.  Japan stocks higher at close of trade; Nikkei 225 up 0.38%
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Investing.com – Japan stocks were higher after the close on Tuesday, as gains in the Banking, Insurance and Finance & Investment sectors led shares higher.

At the close in Tokyo, the Nikkei 225 added 0.38% to hit a new 5-year high.

The best performers of the session on the Nikkei 225 were Sumitomo Metal Mining Co., Ltd. (T:5713), which rose 4.13% or 164.0 points to trade at 4138.0 at the close. Meanwhile, Kobe Steel, Ltd. (T:5406) added 2.96% or 24.5 points to end at 852.0 and SUMCO Corp. (T:3436) was up 2.86% or 53.0 points to 1906.0 in late trade.

The worst performers of the session were Toho Co., Ltd. (T:9602), which fell 2.20% or 85.0 points to trade at 3775.0 at the close. Showa Denko K.K. (T:4004) declined 1.81% or 65.0 points to end at 3530.0 and Toho Zinc Co., Ltd. (T:5707) was down 1.32% or 70.0 points to 5250.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1642 to 1597 and 254 ended unchanged.

Shares in Sumitomo Metal Mining Co., Ltd. (T:5713) rose to 5-year highs; gaining 4.13% or 164.0 to 4138.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 2.38% to 16.75 a new 1-month high.

Crude oil for November delivery was up 0.48% or 0.25 to $52.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.52% or 0.30 to hit $58.12 a barrel, while the December Gold Futures contract fell 0.82% or 10.70 to trade at $1292.30 a troy ounce.

USD/JPY was down 0.01% to 112.18, while EUR/JPY fell 0.25% to 132.01.

The US Dollar Index Futures was up 0.15% at 93.28.

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