Japan stocks lower at close of trade; Nikkei 225 down 4.03%

Investing.com – Japan stocks were lower after the close on Monday, as losses in the Shipbuilding, Manufacturing and Services sectors led shares lower.

At the close in Tokyo, the Nikkei 225 lost 4.03% to hit a new 6-months low.

The best performers of the session on the Nikkei 225 were Nitori Holdings Co Ltd (TYO:9843), which rose 2.28% or 330.00 points to trade at 14,830.00 at the close. Meanwhile, Tokyo Gas Co., Ltd. (TYO:9531) fell 0.75% or 36.00 points to end at 4,763.00 and NH Foods Ltd (TYO:2282) was down 1.01% or 51.00 points to 5,012.00 in late trade.

The worst performers of the session were Renesas Electronics Corp (TYO:6723), which fell 11.21% or 251.00 points to trade at 1,987.50 at the close. SUMCO Corp. (TYO:3436) declined 8.70% or 96.00 points to end at 1,007.50 and MS&AD Insurance Group Holdings (TYO:8725) was down 8.12% or 285.00 points to 3,225.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 3387 to 381 and 104 ended unchanged.

Shares in SUMCO Corp. (TYO:3436) fell to 5-year lows; losing 8.70% or 96.00 to 1,007.50.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 11.79% to 28.16 a new 3-months high.

Crude oil for May delivery was down 0.32% or 0.22 to $69.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 0.25% or 0.18 to hit $72.58 a barrel, while the June Gold Futures contract rose 1.28% or 39.99 to trade at $3,154.29 a troy ounce.

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USD/JPY was down 0.61% to 148.91, while EUR/JPY fell 0.50% to 161.43.

The US Dollar Index Futures was down 0.21% at 103.49.

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