Japan stocks lower at close of trade; Nikkei 225 down 1.19%

Japan stocks lower at close of trade; Nikkei 225 down 1.19%

Jul 11, 2018

Japan stocks were lower after the close on Wednesday, as losses in the Power, Railway&Bus and Food sectors led shares lower.

At the close in Tokyo, the Nikkei 225 declined 1.19%.

The best performers of the session on the Nikkei 225 were Showa Shell Sekiyu K.K. (T:5002), which rose 7.91% or 133.0 points to trade at 1815.0 at the close. Meanwhile, Sumitomo Dainippon Pharma Co Ltd (T:4506) added 3.37% or 77.0 points to end at 2360.0 and Sumitomo Osaka Cement Co., Ltd. (T:5232) was up 2.07% or 11.0 points to 542.0 in late trade.

The worst performers of the session were Yahoo Japan Corp. (T:4689), which fell 6.97% or 28.0 points to trade at 373.5 at the close. JTEKT Corp. (T:6473) declined 6.14% or 96.0 points to end at 1468.0 and Eisai Co., Ltd. (T:4523) was down 5.57% or 588.0 points to 9962.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2509 to 878 and 163 ended unchanged.

Shares in Showa Shell Sekiyu K.K. (T:5002) rose to all time highs; gaining 7.91% or 133.0 to 1815.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 3.19% to 16.11.

Crude oil for August delivery was down 0.85% or 0.63 to $73.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 2.04% or 1.61 to hit $77.25 a barrel, while the August Gold Futures contract fell 0.22% or 2.70 to trade at $1252.70 a troy ounce.

USD/JPY was up 0.05% to 111.06, while EUR/JPY fell 0.08% to 130.24.

The US Dollar Index Futures was up 0.14% at 93.98.

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