Title: Japan stocks lower at close of trade; Nikkei 225 down 0.91%

Jun 29, 2022 03:35AM ET

By: AnalysisWatch

Japanese stocks fell after the close on Wednesday, with losses in the chemical, transportation, and electrical and machinery sectors leading stocks lower.

The Nikkei 225 index was down 0.91 percent at the close of the Tokyo stock exchange.

The best performer during the session was the Nikkei 225 index, Tokyo Electric Power Co., Inc., which rose 5.27% or 29.00 points to close at 579.00 points. Meanwhile, SKY Perfect JSAT Holdings Inc. added 3.64% or 19.00 points to close at 541.00 and Japan Steel Works Ltd. rose 3.03% or 90.00 points to close at 3,065.00.

The worst performer during the session was Nippon Electric Glass Co. Ltd., which dropped 4.31% or 119.00 points to trade at 2,640.00 at the close. AGC, Inc. declined 4.17% or 210.00 points to close at 4,830.00 and Nippon Express Co., Ltd. fell 3.77% or 290.00 points to close at 7,410.00.

On the Tokyo Stock Exchange, declining shares were more than appreciating, with 1,873 to 1,676 and 220 ending unchanged.

Shares of Tokyo Electric Power Co., Inc. rose to a 3-year high, rising 5.27%, or 29.00 points, to 579.00.

SKY Perfect JSAT Holdings Inc. shares rose to a 3-year high, rising 3.64%, or 19.00, to 541.00.

The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, dropped 4.31 percent to 21.75 points.

August crude oil fell 0.36 percent, or $0.40, to $111.36 per barrel. Elsewhere in commodities trading, Brent crude for September delivery fell 0.41%, or $0.47, to $113.33 a barrel and the August gold futures contract fell 0.16%, or $2.85, to trade at $1,818.35 an ounce.

The US dollar-yen exchange rate rose 0.02% to 136.15 points, while the euro-yen exchange rate fell 0.17% to 142.93 points.

Futures on the US dollar index rose 0.13% to 104.40.