Japan Nikkei closes higher on U.S. tariff exemptions

Japan share market finished session mixed on Thursday, 21 June 2018, as the U.S. exemptions on some steel tariffs from five countries including Japan added support. The market was also supported by expectations that dividend payouts would be reinvested as many Japanese firms pay their investors in late June. Total dividend payments in the last two weeks of June were estimated at 4.5 trillion yen. But market gains were capped by Washington's ongoing moves of imposing higher tariffs and the European Union gearing up for retaliatory trade measures. Among TSE33 issues, machinery, information and communication, and service-linked issues gained the most, while paper, bank, and electric power and gas issues comprised those that led decliners. The 225-issue Nikkei Stock Average gained 137.61 points, or 0.61%, to close the day at 22,693.04. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, shed 2.12 points, or 0.12%, to finish at 1,750.63. Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1853 to 1488 and 212 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 12.38% to 17.34.

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