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

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Japan stocks were lower after the close on Thursday, as losses in the Precision Instruments, Electrical/Machinery and Pharmaceutical Industry sectors led shares lower.

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

The best performers of the session on the Nikkei 225 were Familymart Ltd (T:8028), which rose 3.32% or 520.0 points to trade at 16160.0 at the close. Meanwhile, NEC Corp. (T:6701) added 1.59% or 55.0 points to end at 3515.0 and Chiyoda Corp. (T:6366) was up 1.26% or 4.0 points to 321.0 in late trade.

The worst performers of the session were TDK Corp (T:6762), which fell 6.64% or 590.0 points to trade at 8290.0 at the close. SUMCO Corp. (T:3436) declined 6.58% or 106.0 points to end at 1505.0 and Taiyo Yuden Co., Ltd. (T:6976) was down 6.58% or 142.0 points to 2016.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 3013 to 518 and 160 ended unchanged.

Shares in TDK Corp (T:6762) fell to 52-week lows; down 6.64% or 590.0 to 8290.0.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 3.07% to 19.47.

Crude oil for January delivery was down 0.78% or 0.41 to $52.48 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.78% or 0.48 to hit $61.08 a barrel, while the February Gold Futures contract fell 0.11% or 1.40 to trade at $1241.20 a troy ounce.

USD/JPY was down 0.16% to 113.01, while EUR/JPY fell 0.28% to 128.04.

The US Dollar Index Futures was up 0.11% at 97.115.

Source: Investing.com

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