What Is Pushing Japanese Stocks Down?
After the market closed on Wednesday, Japanese equities fell because of losses in the chemical, transportation, and electrical/machinery industries.
The Nikkei 225 fell 0.91 percent in Tokyo at the closing. Tokyo Electric Power Co., Inc. (TYO:9501), which increased 5.27 percent or 29.00 points to close at 579.00, was the best-performing stock of the session on the Nikkei 225. Japan Steel Works Ltd. (TYO:5631) went up 3.03 percent or 90.00 points to 3,065.00 in the late session, and SKY Perfect JSAT Holdings Inc. (TYO:9412) increased up 3.64 percent or 19.00 points to close at 541. Nippon Electric Glass Co., Ltd. (TYO:5214), which lost 4.31 percent or 119.00 points to end at 2,640.00, was the session’s worst performance.
Japanese Shares Fall, One After the Other
Nippon Express Co., Ltd. (TYO:9147) was down 3.77 percent or 290.00 points to 7,410.00, while AGC Inc (TYO:5201) fell 4.17 percent or 210.00 points to close at 4,830.00. On the Tokyo Stock Exchange, declining equities exceeded gaining ones from 1873 to 1676, while 220 closed unchanged. Tokyo Electric Power Co., Inc. (TYO:9501) shares increased to levels not seen in three years, rising 5.27 percent or 29.00 to 579.00. Shares of SKY Perfect JSAT Holdings Inc. (TYO:9412) increased by 3.64 percent or 19.00 to reach their highest level in three years. The implied volatility of Nikkei 225 options is measured by the Nikkei Volatility, which decreased 4.31 percent to 21.75.
To $111.36 a barrel, crude oil for August delivery fell 0.36 percent or 0.40. Brent oil for September delivery dropped 0.41 percent or 0.47 to $113.33 per barrel in another commodity trading, and the August Gold Futures contract was down 0.16 percent or 2.85 to $1,818.35 per troy ounce. While EUR/JPY decreased by 0.17 percent to 142.93, USD/JPY increased by 0.02 percent to 136.15. At 104.40, the US Dollar Index Futures were up 0.13 percent.
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