Steel, precision tools and real estate sectors strengthened, driving Japan’s stock market higher on Monday.
Tokyo Stock Market Index Nikkei rose 0.98% to 27.001.52 points, following gains in U.S. stock futures in Asian trading.
The broader TOPIX index climbed 0.92% to 1894.57.
Shares of Tokio Marine Holdings, Inc. (TYO: 8766), the largest insurance holding company, posted a 7.64% or 518-point gain to 7,300.00, following excellent quarterly results released Friday.
At the same time, the shares of the Japanese insurance company MS&AD Insurance Group Holdings (TYO:8725) reached the level of 4000.00, adding 6.72% or 252 points.
The shares of one of the three leading insurance companies in Japan, Sompo Holdings Inc (TYO: 8630), rose the most, adding 7.93% (402 points) in value and reaching 5,471,00 at the close of trading.
In contrast, shares of Tosoh Corp. (TYO: 4042), the largest chemical producer, lost 4.48% or 88 points, and traded for 1,876.00 yen. Shares of global engineering company JGC Corp. also fell. (TYO: 1963), by 62 points or 3.53% to 1,693.00.
Chiyoda Corp. (TYO: 6366) also lost 18, 00 points or 3.99% in price, trading at 433.00 yen.
The Nikkei Volatility Index (JNIV), which measures the volatility of Nikkei 225 options, fell to 23.68, losing 5.66%.
USD/JPY fell to 127.64, losing 0.16%, while EUR/JPY rose 0.28% to 135.39.
U.S. dollar index futures drop 0.97% to 102.195
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