Japan stocks lower at close of trade; Nikkei 225 down 1.52%

Japan stocks lower at close of trade; Nikkei 225 down 1.52%

May 30, 2018

Investing.com – Japan stocks were lower after the close on Wednesday, as losses in the Shipbuilding, Paper&Pulp and Finance&Investment sectors led shares lower.

At the close in Tokyo, the Nikkei 225 fell 1.52% to hit a new 1-month low.

The best performers of the session on the Nikkei 225 were Isetan Mitsukoshi Holdings Ltd. (T:3099), which rose 1.82% or 24.0 points to trade at 1346.0 at the close. Meanwhile, Showa Denko K.K. (T:4004) added 1.22% or 55.0 points to end at 4550.0 and Softbank Corp. (T:9984) was up 0.71% or 54.5 points to 7747.0 in late trade.

The worst performers of the session were Ube Industries, Ltd. (T:4208), which fell 4.80% or 160.0 points to trade at 3170.0 at the close. Sumitomo Electric Industries Ltd. (T:5802) declined 3.73% or 63.5 points to end at 1641.0 and Tosoh Corp. (T:4042) was down 3.66% or 71.0 points to 1871.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2762 to 634 and 162 ended unchanged.

Shares in Tosoh Corp. (T:4042) fell to 52-week lows; down 3.66% or 71.0 to 1871.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 6.96% to 15.99.

Crude oil for July delivery was up 0.10% or 0.07 to $66.80 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 0.05% or 0.04 to hit $75.45 a barrel, while the June Gold Futures contract fell 0.05% or 0.70 to trade at $1298.30 a troy ounce.

USD/JPY was down 0.13% to 108.63, while EUR/JPY rose 0.41% to 126.00.

The US Dollar Index Futures was down 0.36% at 94.47.

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