Japan stocks higher at close of trade; Nikkei 225 up 0.41%

Japan stocks

Nikkei 225 is trading up 0.41% at 26700.04

Japan stocks were higher after the close on Tuesday, as gains in the Marine Transport, Steel and Rubber sectors led shares higher.

At the close in Tokyo, the Nikkei 225 rose 0.41%.

The best performers of the session on the Nikkei 225 were Z Holdings Corp (TYO:4689), which rose 4.40% or 21.90 points to trade at 519.20 at the close. Meanwhile, Softbank Group Corp. (TYO:9984) added 4.13% or 206.00 points to end at 5,195.00 and Isetan Mitsukoshi Holdings Ltd. (TYO:3099) was up 3.36% or 31.00 points to 953.00 in late trade.

The worst performers of the session were Sumitomo Metal Mining Co., Ltd. (TYO:5713), which fell 6.83% or 401.00 points to trade at 5,468.00 at the close. Chugai Pharmaceutical Co., Ltd. (TYO:4519) declined 6.36% or 262.00 points to end at 3,860.00 and DOWA Holdings Co., Ltd. (TYO:5714) was down 4.05% or 230.00 points to 5,450.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2108 to 1369 and 273 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 20.33% to 27.40 a new 1-month high.

USD/JPY was down 0.20% to 127.86, while EUR/JPY fell 0.35% to 136.75

On technical fronts Nikkei 225 RSI stood at 44.77 and currently it is trading below all MA. So, SELL position can be taken with following target and stoploss:

TRADE SIGNAL – : Nikkei 225 – SELL: 26494.00, TARGET: 26276.00, STOP LOSS: 26688.00

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