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Title: Japan stocks lower at close of trade; Nikkei 225 down 0.37%

Writer: analysiswatchanalysiswatch


Jun 22, 2022 03:35AM ET


By: AnalysisWatch


Japanese stocks were down after the close on Wednesday as losses in the mining, shipbuilding and chemicals, oil and plastics sectors led shares lower.


At the close in Tokyo, the Nikkei 225 was down 0.37%.


Among the best performers on the Nikkei 225 were shares of Mitsubishi Motors Corp (TYO:7211), which rose 7.11% or 32.00 points to close at 482.00. Yokohama Rubber Co Ltd (TYO:5101) gained 5.08% or 90.00 points to close at 1,862.00 and Mazda Motor Corp (TYO:7261) rose 4.05% or 45.00 points to 1,155.00 in late trade.


Sojitz Corp (TYO:2768) was the worst performer, falling 6.09% or 120.00 points to close at 1,851.00. Mitsubishi Corp (TYO:8058) fell 6.02% or 260.00 points to close at 4,061.00 and Inpex Corp (TYO:1605) fell 3.94% or 61.00 points to close at 1,486.00.


On the Tokyo Stock Exchange, falling stocks outweighed rising ones at 2205 to 1310 and 249 ended unchanged.


Mitsubishi Motors Corp shares rose to a 52-week high, gaining 7.11% or 32.00 to 482.00.


Nikkei volatility, which measures the implied volatility of Nikkei 225 options, fell 4.06% to 26.20.


The price of crude oil for August delivery fell 5.02%, or 5.50, to $104.02 a barrel. Elsewhere in commodity trading, Brent oil for delivery in August fell 4.55% or 5.22 to $109.43 a barrel, while the August gold futures contract fell 0.53% or 9.80 to settle at $1,829.00 a troy ounce.


USD/JPY fell 0.19% to 136.35, while EUR/JPY fell 0.44% to 143.15.


US dollar index futures rose 0.32% to 104.54.

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