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

Jun 17, 2022 03:35AM ET

By: AnalysisWatch

Japanese stocks fell after the close on Friday, with losses in the energy, chemicals, and warehousing sectors leading stocks lower.

The Nikkei 225 index fell 1.77 percent at the close of trading in Tokyo, setting a new one-month low.

The best performer during the session was Keio Corp.'s Nikkei 225 index, which rose 5.50 percent, or 245.00 points, to close at 4,700.00 points. Meanwhile, Meiji Holdings Co. added 3.04% or 190.00 points to close at 6,450.00 and Osaka Gas Co. rose 2.83% or 69.00 points to close at 2,505.00.

The worst performers during the session were Tokai Carbon Co., Ltd., which dropped 7.37% or 86.00 points to 1,081.00 at the close of trade.

Showa Denko K.K. declined 6.29% or 162.00 points to close at 2,413.00 and SUMCO Corp. fell 5.88% or 118.00 points to close at 1,890.00.

On the Tokyo Stock Exchange, declining shares were more than rising, with 2,834 to 768, and 176 ended unchanged.

The Nikkei Volatility Index, which measures the implied volatility of Nikkei 225 options, dropped 3.69 percent to 25.34 points.

Crude oil for July delivery increased 0.52 percent, or $0.61 per barrel, to $118.20 per barrel.

Elsewhere in commodities trading, Brent crude for August delivery rose 0.48%, or $0.58, to $120.39 a barrel, and the August gold futures contract rose 0.02%, or $0.30, to $1,850.20 an ounce.

The US dollar/yen pair rose 1.52% to 134.21 points, while the euro/yen pair rose 1.34% to 141.32 points.

Futures on the US Dollar Index rose 0.50% to 103.99.

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