Japan stocks lower at close of trade

Japan stocks lower at close of trade

Japan stocks were lower after the close on Monday, as losses in the Insurance, Power and Financial Services sectors led shares lower.

At the close in Tokyo, the Nikkei 225 lost 3.40%.

The best performers of the session on the Nikkei 225 were Obayashi Corp., which rose 3.23% or 35.0 points to trade at 1120.0 at the close. Meanwhile, Taiheiyo Cement Corp. added 2.72% or 8.0 points to end at 302.0 and Taisei Corp. was up 2.12% or 16.0 points to 769.0 in late trade.

The worst performers of the session were NTN Corp., which fell 7.63% or 27.0 points to trade at 327.0 at the close. MS&AD Insurance Group Holdings declined 7.26% or 225.0 points to end at 2873.0 and Taiyo Yuden Co., Ltd. was down 7.22% or 82.0 points to 1053.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1737 to 218 and 46 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 16.28% to 31.00 a new 1-month high.

Crude oil for June delivery was down 5.08% or 2.12 to $39.59 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June fell 4.87% or 2.10 to hit $41.00 a barrel, while the June Gold contract fell 0.12% or 1.50 to trade at $1233.10 a troy ounce.

USD/JPY was down 0.77% to 107.94, while EUR/JPY fell 0.70% to 121.89.

The US Dollar Index was up 0.02% at 94.70.