Title: Japan stocks lower at close of trade; Nikkei 225 down 1.77%

May 12, 2022 03:35AM ET

By: AnalysisWatch

Japan's stocks were down after the close on Thursday as losses in the mining, chemicals, oil and plastics, and shipbuilding sectors led shares lower.

At the close in Tokyo, the Nikkei 225 lost 1.77% and hit a new 1-month low.

The best performers in the Nikkei 225 were Kobe Steel, Ltd., which rose 15.73% or 87.00 points to close at 640.00. Hitachi Zosen Corp. gained 14.64%, or 100.00 points, to close at 783.00, while Japan Steel Works Ltd. rose 14.62%, or 384.00 points, to 3,010.00 in late trading.

Oki Electric Industry Co., Ltd. was the worst performer, falling 9.93% or 86.00 points to close at 780.00 points in late trading. NTT Data Corp. fell 9.85% or 224.00 points to close at 2,050.00 and Softbank Group Corp. fell 8.03% or 392.00 points to 4,491.00.

On the Tokyo Stock Exchange, falling stocks outweighed rising ones by 2932 to 673, and 148 ended unchanged.

Shares of Oki Electric Industry Co, Ltd fell to a 5-year low, losing 9.93% or 86.00 to 780.00.

2.14% to 29.71. Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, fell 2.14% to 29.71.

The USD/JPY pair fell 0.85% to 128.85, while the EUR/JPY pair fell 1.29% to 134.84.

The US dollar index futures rose 0.41% to 104.31.