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Japan stocks lower at close of trade; Nikkei 225 down 0.40%

Published 05/17/2024, 02:30 AM
© Reuters.  Japan stocks lower at close of trade; Nikkei 225 down 0.40%

Investing.com – Japan stocks were lower after the close on Friday, as losses in the Power, Retail and Real Estate sectors led shares lower.

At the close in Tokyo, the Nikkei 225 declined 0.40%.

The best performers of the session on the Nikkei 225 were Japan Steel Works Ltd (TYO:5631), which rose 7.01% or 292.00 points to trade at 4,456.00 at the close. Meanwhile, Dai-ichi Life Holdings Inc (TYO:8750) added 3.52% or 129.00 points to end at 3,796.00 and Sumitomo Mitsui Financial (TYO:8316) was up 3.44% or 323.00 points to 9,723.00 in late trade.

The worst performers of the session were Sumitomo Dainippon Pharma Co Ltd (TYO:4506), which fell 5.35% or 19.00 points to trade at 336.00 at the close. Dentsu Inc. (TYO:4324) declined 4.32% or 187.00 points to end at 4,143.00 and CyberAgent Inc (TYO:4751) was down 4.27% or 46.00 points to 1,030.50.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2197 to 1444 and 234 ended unchanged.

Shares in Japan Steel Works Ltd (TYO:5631) rose to 5-year highs; rising 7.01% or 292.00 to 4,456.00. Shares in Sumitomo Mitsui Financial (TYO:8316) rose to 5-year highs; up 3.44% or 323.00 to 9,723.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 1.21% to 18.45.

Crude oil for June delivery was up 0.45% or 0.36 to $79.59 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.64% or 0.53 to hit $83.80 a barrel, while the June Gold Futures contract rose 0.15% or 3.60 to trade at $2,389.10 a troy ounce.

USD/JPY was up 0.22% to 155.72, while EUR/JPY rose 0.17% to 169.16.

The US Dollar Index Futures was up 0.11% at 104.46.

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