Japan stocks concluded lower on Wednesday, with losses across sectors like Shipbuilding, Chemical, Petroleum & Plastic, and Insurance dragging down shares.
At the Tokyo close, the Nikkei 225 dipped by 1.22%, marking a new 1-month low.
Among the top performers on the Nikkei 225 were Resonac Holdings Corp (TYO:4004), surging by 11.98% or 415.00 points to reach 3,887.00 by the session’s end. Kawasaki Kisen Kaisha, Ltd. (TYO:9107) also saw gains, climbing 4.60% or 90.00 points to settle at 2,052.50, while Mitsubishi Heavy Industries, Ltd. (TYO:7011) rose by 3.35% or 45.00 points to 1,387.00.
On the flip side, the session’s worst performers included Lasertec Corp (TYO:6920), which plummeted by 7.85% or 3,190.00 points to close at 37,510.00. LY Corp (TYO:4689) also saw a decline of 5.32% or 19.10 points, ending at 339.00, while Chubu Electric Power Co., Inc. (TYO:9502) dropped by 4.94% or 100.50 points to 1,931.50.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange, with 2883 declining against 775 advancing, while 208 ended unchanged.
Resonac Holdings Corp (TYO:4004) shares surged to 3-year highs, gaining 11.98% to close at 3,887.00, whereas LY Corp (TYO:4689) shares dipped to 52-week lows, falling by 5.32% to 339.00.
The Nikkei Volatility index, reflecting implied volatility of Nikkei 225 options, rose by 6.20% to reach 22.09, marking a new 3-month high.
In commodities trading, May delivery Crude oil dropped by 0.55% to $84.89 a barrel, while June delivery Brent oil fell by 0.43% to $89.63 a barrel. June Gold Futures contract also declined by 0.61% to trade at $2,393.05 a troy ounce.
USD/JPY edged down by 0.08% to 154.59, while EUR/JPY fell by 0.07% to 164.18.
The US Dollar Index Futures slightly rose by 0.05% to 106.12.