Title: Japan stocks lower at close of trade; Nikkei 225 down 1.19%

Aug 23, 2022 03:35AM ET

By: AnalysisWatch

Japanese stocks fell after the close on Tuesday as losses in the energy, manufacturing, and electrical sectors led stocks lower.

The Nikkei 225 index fell 1.19% at the close of trading in Tokyo.

The best performer on the Nikkei 225 index was J.Front Retailing Co., Ltd., rising 4.56% or 49.00 points to close the session trading at 1,123.00 points.

Meanwhile, Isetan Mitsukoshi Holdings Ltd. added 4.47%, or 46.00 points, to end at 1,076.00 and Takashimaya Co., Ltd. rose 3.35%, or 49.00 points, to close at 1,511.00 in late trading

Hino Motors, Ltd. fared the worst during the session, falling 6.36% or 40.00 points to trade at 589.00 at the close of trading. Sony Corp. dropped 3.31%, or 395.00 points, to 11,535.00, while Denso Corp. fell 2.99%, or 237.00 points, to 7,698.00.

On the Tokyo Stock Exchange, declining shares outnumbered rising shares by a ratio of 2,404 to 1,095, and 275 shares ended unchanged.

Shares of Hino Motors, Ltd. fell to a 52-week low, down 6.36%, or 40.00 points, to 589.00 points. Shares of Takashimaya Co., Ltd. rose to a 3-year high, up 3.35%, or 49.00 points, to 1511.00.

The Nikkei Volatility Index, which measures the implied volatility of options on the Nikkei 225 index, rose 6.07% to 19.21 points.

Oil for October delivery rose 1.35%, or 1.22, to $91.58 a barrel. Elsewhere in commodities trading, Brent crude for October delivery rose 1.04% or $1.00 to close at $97.48 a barrel, while the December gold futures contract fell 0.02% or $0.40 to trade at $1,748.00 a troy ounce.

The AUD/JPY pair fell 0.14% to 137.27, while the EUR/JPY pair fell 0.34% to 136.19.

Futures on the US dollar index rose 0.03% to 109.01.