Investing.com – Japan stocks were lower after the close on Thursday, as losses in the Steel, Power and Machinery sectors led shares lower.
At the close in Tokyo, the Nikkei 225 fell 3.14% to hit a new 3-months low.
The best performers of the session on the Nikkei 225 were Sapporo Holdings Ltd. (TYO:2501), which rose 3.23% or 196.00 points to trade at 6,256.00 at the close. Meanwhile, Nichirei Corp. (TYO:2871) added 3.13% or 117.00 points to end at 3,851.00 and Asahi Kasei Corp. (TYO:3407) was up 1.81% or 18.50 points to 1,038.50 in late trade.
The worst performers of the session were Renesas Electronics Corp (TYO:6723), which fell 13.62% or 407.50 points to trade at 2,583.50 at the close. Hitachi Ltd (TYO:6501) declined 9.42% or 320.00 points to end at 3,078.00 and SoftBank Group Corp. (TYO:9984) was down 9.39% or 970.00 points to 9,365.00.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 3043 to 658 and 184 ended unchanged.
Shares in Hitachi Ltd (TYO:6501) fell to 3-years lows; losing 9.42% or 320.00 to 3,078.00.
The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 7.48% to 19.06.
Crude oil for September delivery was down 0.79% or 0.61 to $76.98 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.72% or 0.59 to hit $81.12 a barrel, while the August Gold Futures contract fell 1.76% or 42.50 to trade at $2,373.20 a troy ounce.
USD/JPY was down 0.72% to 152.76, while EUR/JPY fell 0.76% to 165.56.
The US Dollar Index Futures was down 0.08% at 104.04.