Title: Japan stocks higher at close of trade; Nikkei 225 up 2.31%

Sep 08, 2022 03:35AM ET

By: AnalysisWatch

Japanese stocks rose after the close on Thursday as shares rose in the energy, insurance, and real estate sectors.

The Nikkei 225 index gained 2.31% at the close of trading in Tokyo.

NTN Corp. was the best performer within the Nikkei 225 index, rising 6.87% or 18.00 points, to close trading at 280.00 points. At the close of trading, Olympus Corp. rose 4.75%, or 140.50 points, to 3,096.00 and Rakuten Inc. rose 4.63%, or 29.00 points, to 656.00.

Mitsui Engineering & Shipbuilding was the worst performer during the session, falling 1.62%, or 7.00 points, to close trading at 426.00 points. Kawasaki Heavy Industries, Ltd. declined 1.62%, or 43.00 points, to close at 2,605.00 points, and Mitsui Fudosan Co., Ltd. fell 0.93%, or 26.50 points, to close at 2,824.00 points.

On the Tokyo Stock Exchange, rising shares outnumbered falling shares by a ratio of 2,830 to 713, and 226 shares ended unchanged.

Shares of Olympus Corp. rose to all-time highs, up 4.75%, or 140.50 points, to 3,096.00 points.

The Nikkei Volatility Index, which measures the implied volatility of options on the Nikkei 225 index, rose 5.98% to 20.90 points.

Oil for October delivery rose 1.03%, or $0.84, to $82.78 a barrel. Elsewhere in commodities trading, Brent crude for November delivery rose 0.94% or 0.83 to reach $88.83 a barrel, while the December gold futures contract rose 0.05% or 0.95 to trade at $1,728.75 a troy ounce.

The USD/JPY currency pair rose 0.10% to 143.85, while the EUR/JPY currency pair fell 0.07% to 143.63.

Futures on the US dollar index fell 0.06% to 109.77.