Title: Japan stocks lower at close of trade; Nikkei 225 down 1.89%

May 19, 2022 03:35AM ET

By: AnalysisWatch

Japanese stocks fell after Thursday's close, with losses in the finance and investment, fishing and rubber sectors.

The Nikkei 225 index lost 1.89% at the close of trading in Tokyo.

IHI Corp. was the best performer in the Nikkei 225 session, rising 3.87 percent or 135.00 points to close at 3,620.00. Meanwhile, Hitachi Zosen Corp. added 2.18 percent, or 17.00 points, to close at 798.00 and Tokyo Gas Co. Ltd. rose 2.00 percent, or 52.00 points, to 2,657.00 in late trading.

Yamato Holdings Co, Ltd. was the worst performer during the session, falling 4.95%, or 119.00 points, to 2,283.00 in late trading. Kawasaki Kisen Kaisha, Ltd. fell 4.78%, or 440.00 points, to 8,770.00, while Nippon Yusen K.K. fell 4.94%, or 500.00 points, to close at 9,630.00.

On the Tokyo Stock Exchange, declining stocks outnumbered rising ones by a ratio of 2,544 to 994, while 215 stocks remained unchanged.

Shares of IHI Corp. hit a three-year high, rising 3.87% or 135.00 points to 3,620.00. Shares of Tokyo Gas Co, Ltd. surged to a 52-week high as they gained 2.00% or 52 points to 2,657.00.

The Nikkei volatility index fell 4.51% to 23.10 points.

The USD/JPY currency pair fell 0.04% to 128.08, while the EUR/JPY currency pair rose 0.10% to 134.32.

Futures on the US dollar index fell 0.07% to 103.79 points.