Japan stocks lower at close of trade; Nikkei 225 down 2.46%

Japan stocks lower at close of trade; Nikkei 225 down 2.46%

Mar 16, 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 fell 2.46% to hit a new 3-years low.

The best performers of the session on the Nikkei 225 were ANA Holdings Inc (T:9202), which rose 4.44% or 108.5 points to trade at 2550.5 at the close. Meanwhile, Chiyoda Corp. (T:6366) added 4.43% or 9.0 points to end at 212.0 and Marui Group Co., Ltd. (T:8252) was up 3.70% or 62.0 points to 1737.0 in late trade.

The worst performers of the session were Mitsui Engineering&Shipbuilding (T:7003), which fell 9.03% or 51.0 points to trade at 514.0 at the close. Olympus Corp. (T:7733) declined 8.89% or 143.5 points to end at 1470.5 and JGC Corp. (T:1963) was down 7.79% or 75.0 points to 888.0.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 1932 to 1752 and 125 ended unchanged.

Shares in Mitsui Engineering&Shipbuilding (T:7003) fell to all time lows; down 9.03% or 51.0 to 514.0. Shares in JGC Corp. (T:1963) fell to 5-year lows; down 7.79% or 75.0 to 888.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0.00% to 51.10.

Crude oil for May delivery was down 4.33% or 1.39 to $30.72 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 5.94% or 2.01 to hit $31.84 a barrel, while the April Gold Futures contract rose 1.15% or 17.40 to trade at $1534.10 a troy ounce.

USD/JPY was down 1.28% to 106.53, while EUR/JPY fell 0.86% to 118.77.

The US Dollar Index Futures was down 0.64% at 98.275.

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