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Title: Japan stocks lower at close of trade; Nikkei 225 down 0.71%

Sep 07, 2022 03:35AM ET

By: AnalysisWatch

Japanese stocks fell after Wednesday's close of trading as losses in the services, engineering, and transport sectors led stocks lower.

The Nikkei 225 index fell 0.71% at the close of trading in Tokyo, setting a new one-month low.

The best performing company within the Nikkei 225 index was Unitika, Ltd., which rose 3.86%, or 10.00 points, to close trading at 269.00 points.

Meanwhile, Mitsubishi Motors Corp added 3.61%, or 21.00 points, to end at 602.00 and Subaru Corp rose 3.37%, or 84.00 points, to close at 2,574.00 in late trading.

Nippon Yusen K.K. was the worst performer during the session, falling 7.92%, or 810.00 points, to trade at 9,420.00 at the close of trading. Kawasaki Kisen Kaisha, Ltd. fell 6.18%, or 520.00 points, to 7,890.00 points, having lost 7.01%, or 245.00 points.

On the Tokyo Stock Exchange, declining stocks outnumbered advancing ones by a ratio of 2,676 to 873, and 219 ended unchanged.

Shares of Mitsubishi Motors Corp. rose to a three-year high, up 3.61%, or 21.00 points, to 602.00 points.

The Nikkei Volatility Index, which measures the implied volatility of options on the Nikkei 225 index, fell 14.93% to 19.72 points.

Oil for October delivery fell 1.53%, or 1.33, to $85.55 a barrel. Elsewhere in commodities trading, the Brent crude oil contract for November delivery fell 1.35%, or 1.25%, to $91.58 a barrel, while the December gold futures contract fell 0.20%, or 3.45%, to trade at $1,709.45 a troy ounce.

The USD/JPY currency pair rose 0.90% to 144.07, while the EUR/JPY currency pair rose 0.92% to 142.70.

Futures on the US dollar index rose 0.21% to 110.44.

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