Japan stocks lower at close of trade; Nikkei 225 down 1.42%

Investing.com – Japan stocks were lower after the close on Wednesday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower.

At the close in Tokyo, the Nikkei 225 lost 1.42%.

The best performers of the session on the Nikkei 225 were Pacific Metals Co., Ltd. (TYO:5541), which rose 4.89% or 91.00 points to trade at 1,953.00 at the close. Meanwhile, Oriental Land Co Ltd (TYO:4661) added 4.47% or 157.00 points to end at 3,672.00 and Keisei Electric Railway Co., Ltd. (TYO:9009) was up 3.96% or 52.50 points to 1,379.50 in late trade.

The worst performers of the session were SoftBank Group Corp. (TYO:9984), which fell 7.14% or 1,145.00 points to trade at 14,890.00 at the close. Mitsui Mining and Smelting Co. (TYO:5706) declined 6.25% or 571.00 points to end at 8,570.00 and Fujikura Ltd. (TYO:5803) was down 5.66% or 680.00 points to 11,330.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2013 to 1600 and 237 ended unchanged.

Shares in Pacific Metals Co., Ltd. (TYO:5541) rose to 52-week highs; up 4.89% or 91.00 to 1,953.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.54% to 24.22.

Crude oil for October delivery was up 0.89% or 0.55 to $62.32 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.79% or 0.52 to hit $66.31 a barrel, while the December Gold Futures contract rose 0.21% or 7.10 to trade at $3,365.80 a troy ounce.

USD/JPY was down 0.20% to 147.38, while EUR/JPY fell 0.30% to 171.48.

The US Dollar Index Futures was up 0.08% at 98.20.