Japan's stock market finished higher on Tuesday, as gains across Real Estate, Banking and Textile names pushed the Nikkei 225 up to a fresh one-month high.
At the close in Tokyo the Nikkei 225 rose 2.44% to record the one-month peak. Market leadership came from a handful of large-cap winners and strong breadth across the Tokyo bourse.
The top performers on the Nikkei 225 included SoftBank Group Corp. (TYO:9984), which surged 12.70% or 478.00 points to close at 4,242.00. Advantest Corp. (TYO:6857) climbed 8.52% or 2,120.00 points to finish at 27,000.00, while Renesas Electronics Corp (TYO:6723) gained 7.96% or 201.50 points to end the session at 2,732.50.
On the downside, Haseko Corp (TYO:1808) declined 5.65% or 163.00 points to close at 2,722.00. Archion Corp (TYO:543A) fell 4.67% or 20.00 points to 408.00, and Toho Co., Ltd. (TYO:9602) slipped 4.56% or 75.50 points to close at 1,582.00.
Market breadth favored advancing issues, with 2,005 stocks higher against 1,552 decliners on the Tokyo Stock Exchange; 227 issues finished unchanged.
Implied volatility for Nikkei 225 options, as measured by the Nikkei Volatility index, moved lower by 1.78% to 32.03, indicating a modest easing in option-implied market stress during the session.
Commodities saw mixed moves: crude oil for May delivery eased 2.19% or $2.17 to trade at $96.91 a barrel, while Brent crude for June delivery fell 0.61% or $0.61 to $98.75 a barrel. Precious metals posted gains, with the June Gold Futures contract up 0.93% or $44.11 to trade at $4,811.51 a troy ounce.
Currency markets registered modest shifts. USD/JPY was down 0.26% at 159.03, while EUR/JPY inched up 0.01% to 187.48. The US Dollar Index Futures declined 0.21% to 97.96.
Overall, the session combined significant moves among select large-cap names with a broad number of advancing issues, a slight drop in implied volatility and declines in crude benchmarks alongside gains in gold.