Israeli foundry Tower Semiconductor says it will set up its largest production hub for optical communications chips in Japan as part of a planned $4B investment (Shuhei Ochiai/Nikkei Asia)

Japanese stocks demonstrated strength after the market closed on Thursday, propelled by positive momentum in the Real Estate, Banking, and Textile sectors. By the time the Tokyo market closed, the Nikkei 225 index had risen by 0.88%. Socionext Inc led the gains, surging 15.00% or 300.00 points to close at 2,300.00, while Ibiden Co Ltd and Resonac Holdings Corp also experienced significant increases of 14.57% and 6.94% respectively.

Conversely, Recruit Holdings Co Ltd suffered the steepest decline of the day, dropping 7.78% or 1,350.00 points to finish at 16,000.00. Other notable declines included Kansai Electric Power Co Inc and MS&AD Insurance Group Holdings, both falling 4.82% and 4.73% respectively. On the Tokyo Stock Exchange, the number of stocks that rose (1,825) exceeded those that fell (1,693), with 250 remaining unchanged.

The Nikkei Volatility Index, which gauges the anticipated volatility of Nikkei 225 options, declined by 13.93% to 24.23. Meanwhile, crude oil prices for November delivery saw a 0.60% increase to $92.71 per barrel, while Brent oil for the same month rose by 0.72% to $103.82 a barrel. Gold Futures prices for December, on the other hand, saw a minor decline of 0.15% to $4,311.85 per troy ounce.

Currency markets also witnessed minor movements, with the USD/JPY rising slightly to 158.43 and EUR/JPY increasing by 0.14% to 180.39, while the US Dollar Index Futures gained 0.02% to 100.84.