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Title: Japan stocks lower at close of trade; Nikkei 225 down 0.58%

May 10, 2022 03:35AM ET

By: AnalysisWatch

Japan's stocks were weaker after the close on Tuesday as losses in the gas and water, construction, and services sectors led shares lower.

At the close in Tokyo, the Nikkei 225 lost 0.58% and hit a new 1-month low.

Among the best performers on the Nikkei 225 were Kawasaki Kisen Kaisha, Ltd., which rose 6.22% or 480.00 points to close at 8,200.00 points. Sumitomo Dainippon Pharma Co., Ltd. gained 4.69% or 57.00 points to close at 1,273.00 points, while TOTO Ltd. gained 3.26% or 140.00 points to 4,435.00 points in late trading.

Japan Steel Works Ltd. was the worst performer, falling 15.57% or 471.00 points to close at 2,554.00 points in late trading. Sumitomo Corp. fell 8.92% or 183.00 points to close at 1,868.00 and Pacific Metals Co., Ltd. declined 8.18% or 285.00 points to close at 3,200.00.

On the Tokyo Stock Exchange, falling stocks outweighed rising ones by 2125 to 1394, and 261 ended unchanged.

Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, escalated 11.01% to 27.83, reaching a new 1-month high.

The price of crude oil for delivery in June fell 0.24%, or $0.25, to $102.84 a barrel. Elsewhere in commodity trading, the price of Brent oil for delivery in July fell 0.35%, or $0.37, to $105.57 a barrel, while June gold futures rose 0.08%, or $1.55, to $1,860.15 a troy ounce.

The USD/JPY pair rose 0.03% to 130.29, while the EUR/JPY pair gained 0.13% to 137.65.

The US dollar index futures rose 0.03% to 103.72.

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