After a smart upmove following some brisk buying in early trades, the Japanese stock market gave up most of its gains on Monday due to lack of support at higher levels. While bargain hunting lifted stock prices early on in the session, the yen's slight appreciation against the greenback and the euro appears to be dragging the market down from higher levels.
Shares from manufacturing, insurance, marine transport and fishery sections started off on a bright note and are still mostly up in positive territory. Electric power, automobile and mining stocks are trading mixed.
The benchmark Nikkei 225 index, which advanced to 8,675.6, is currently trading at 8,652, up 40.7 points or 0.5 percent from its previous close.
Furukawa Co. Limited shares are up 3.5 percent. Comsys Holdings Corp., Daiichi Sankyo, Oki Electric Industry, Fanuc Corp, Tokyo Electric Power, NEC Corp, Fast Retailing, Hitachi Zosen and Okuma Corp are trading higher by 2 to 3 percent.
Hitachi Construction Machinery, Sony Financial Holdings, IHI, Mitsubishi Heavy Industries, Mitsui Mining, Nippon Light Metals and Trend Micro are all up 1 to 1.8 percent.
Meanwhile, Panasonic Corp, Sharp Corp, Aozora Bank, Nomura Holdings, Casio Computer, Kyocera Corp, Sony Corp, Advantest Corp, Pacific Metals and Denso Corp are trading lower by 1.5 to 3 percent.
Softbank, Isuzu Motors, Nisshin Steel, Bank of Yokohama and Bridgestone Corp are also trading notably lower.
In the currency market, the U.S. dollar traded slightly above 79 yen in early deals in Tokyo. The yen is currently trading at 79.12 to the dollar.
Among other markets in the Asia-Pacific region, Australia, South Korea and Taiwan are trading notably higher, while Hong Kong, Singapore and New Zealand are down marginally.
On Wall Street, stocks ended lower on Friday amid lingering concerns about the financial situation in Europe. The major averages ended at their worst levels in four months.
While the Dow closed down 73.1 points or 0.6 percent at 12,369.4, the Nasdaq plunged 34.9 points or 1.2 percent to 2.778.8 and the S&P 500 slid 9.6 points or 0.7 percent to 1,295.2.
Major European markets too moved to the downside on Friday. While the U.K.'s FTSE index slid 1.3 percent, the German DAX index and the French CAC 40 index lost 0.6 percent and 0.1 percent, respectively.
U.S. crude oil futures extended losses to a sixth straight session on Friday, amid demand growth concerns and continued worries over the Greece crisis. Crude for June delivery dropped $1.08 or 1.2 percent to close at $91.48 a barrel on the New York Mercantile Exchange.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.