Japan shares lower at close of trade; Nikkei 225 down 0.85%

Investing.com – Japan equities were lower at the close on Wednesday, as losses in the Shipbuilding, Power and Banking sectors propelled shares lower.

At the close in Tokyo, the Nikkei 225 fell 0.85%.

The biggest gainers of the session on the Nikkei 225 were Konica Minolta, Inc. (TYO:4902), which rose 11.22% or 53.80 points to trade at 533.30 at the close. Tokyo Tatemono Co., Ltd. (TYO:8804) added 6.10% or 141.50 points to end at 2,463.00 and Kirin Holdings Co., Ltd. (TYO:2503) was up 3.32% or 73.00 points to 2,273.00 in late trade.

Biggest losers included Recruit Holdings Co Ltd (TYO:6098), which lost 4.93% or 476.00 points to trade at 9,170.00 in late trade. Mercari Inc (TYO:4385) declined 4.87% or 111.00 points to end at 2,166.00 and TOTO Ltd. (TYO:5332) shed 4.16% or 205.00 points to 4,718.00.

Declining stocks outnumbered rising ones by 2805 to 805 and 246 ended unchanged on the Tokyo Stock Exchange.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 0.72% to 26.24.

In commodities trading, Crude oil for December delivery was down 0.54% or 0.39 to $71.35 a barrel. Meanwhile, Brent oil for delivery in December fell 0.53% or 0.40 to hit $75.64 a barrel, while the December Gold Futures contract rose 0.17% or 4.80 to trade at $2,764.60 a troy ounce.

USD/JPY was up 0.77% to 152.22, while EUR/JPY rose 0.78% to 164.33.

The US Dollar Index Futures was up 0.13% at 104.05.