Japan stocks lower at close of trade; Nikkei 225 down 1.91%

Japan stocks lower at close of trade; Nikkei 225 down 1.91%

Jan 06, 2020

Japan stocks were lower after the close on Monday, as losses in the Paper&Pulp, Railway&Bus and Real Estate sectors led shares lower.

At the close in Tokyo, the Nikkei 225 declined 1.91% to hit a new 1-month low.

The best performers of the session on the Nikkei 225 were Inpex Corp. (T:1605), which rose 4.09% or 46.5 points to trade at 1183.0 at the close. Meanwhile, J.Front Retailing Co., Ltd. (T:3086) added 3.59% or 55.0 points to end at 1585.0 and JX Holdings, Inc. (T:5020) was up 3.41% or 17.0 points to 514.9 in late trade.

The worst performers of the session were Unitika, Ltd. (T:3103), which fell 4.50% or 17.0 points to trade at 361.0 at the close. Kikkoman Corp. (T:2801) declined 4.28% or 230.0 points to end at 5140.0 and Nippon Light Metal Holdings Co. (T:5703) was down 4.24% or 10.0 points to 226.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2850 to 795 and 156 ended unchanged.

Shares in Inpex Corp. (T:1605) rose to 52-week highs; gaining 4.09% or 46.5 to 1183.0. Shares in J.Front Retailing Co., Ltd. (T:3086) rose to 52-week highs; gaining 3.59% or 55.0 to 1585.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0.00% to 14.80.

Crude oil for February delivery was up 1.76% or 1.11 to $64.16 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 1.92% or 1.32 to hit $69.92 a barrel, while the February Gold Futures contract rose 1.41% or 21.85 to trade at $1574.25 a troy ounce.

USD/JPY was up 0.07% to 108.16, while EUR/JPY rose 0.06% to 120.72.

The US Dollar Index Futures was up 0.04% at 96.560.

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