Title: Japan stocks lower at close of trade; Nikkei 225 down 2.53%
May 09, 2022 03:40AM ET
Japan's stocks were down after the close on Monday as losses in the gas and water, construction and services sectors led shares lower.
At the close of trading in Tokyo, the Nikkei 225 was down 2.53%, hitting a new 1-month low.
Kawasaki Kisen Kaisha, Ltd. was the best performer in the Nikkei 225, rising 7.82% or 560.00 points to close at 7,720.00. Tokyo Gas Co., Ltd. gained 2.70% or 66.00 points to close at 2,509.00, while Alps Electric Co., Ltd. gained 2.49% or 33.00 points to 1,356.00 in late trading.
Japan Steel Works Ltd. was the worst performer, falling 18.79% or 700.00 points to close at 3,025.00 in late trading. JFE Holdings, Inc. fell 7.19% or 590.00 points to close at 7,620.00 points, while JFE Holdings, Inc. fell 7.09% or 113.00 points to close at 1,481.00 points.
On the Tokyo Stock Exchange, falling stocks outweighed rising ones by 2889 to 683, and 200 ended unchanged.
Shares of Tokyo Gas Co, Ltd. rose to a 52-week high, gaining 2.70% or 66.00 to 2,509.00, while shares of Alps Electric Co, Ltd. rose to a 52-week high, gaining 2.49% or 33.00 to 1,356.00.
Nikkei volatility, which measures the implied volatility of Nikkei 225 options, rose 11.01% to 27.83, hitting a new 1-month high.
USD/JPY rose 0.45% to 131.15, while EUR/JPY gained 0.24% to 138.07.
Futures on the US dollar index rose 0.24% to 103.94.