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Japan stocks lower at close of trade; Nikkei 225 down 1.87%

by October 16, 2024
written by October 16, 2024

Investing.com – Japan stocks were lower after the close on Wednesday, as losses in the Communication, Power and Automobiles & Parts sectors led shares lower.

At the close in Tokyo, the Nikkei 225 lost 1.87%.

The best performers of the session on the Nikkei 225 were Obayashi Corp. (TYO:1802), which rose 4.41% or 80.00 points to trade at 1,892.50 at the close. Meanwhile, Fujikura Ltd. (TYO:5803) added 2.64% or 140.00 points to end at 5,440.00 and Taisei Corp. (TYO:1801) was up 2.40% or 149.00 points to 6,354.00 in late trade.

The worst performers of the session were Lasertec Corp (TYO:6920), which fell 13.44% or 3,440.00 points to trade at 22,150.00 at the close. Dainippon Screen Mfg. Co., Ltd. (TYO:7735) declined 9.34% or 1,040.00 points to end at 10,100.00 and Tokyo Electron Ltd. (TYO:8035) was down 9.19% or 2,460.00 points to 24,310.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2537 to 1009 and 294 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0.00% to 28.67.

Crude oil for November delivery was up 0.28% or 0.20 to $70.78 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.22% or 0.16 to hit $74.41 a barrel, while the December Gold Futures contract rose 0.43% or 11.45 to trade at $2,690.35 a troy ounce.

USD/JPY was up 0.01% to 149.21, while EUR/JPY fell 0.13% to 162.29.

The US Dollar Index Futures was up 0.12% at 103.18.

This post appeared first on investing.com
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