Japan Stocks Lower at the Close

Japan stocks dropped after the close on Wednesday, pulled down by the losses in the Fishery, Precision Instruments, and Food sectors.

Japan stocks fell at the close of trade on Wednesday.

In Tokyo, the Nikkei 225 fell 0.11 percent at the close.

Among the best performers in the Nikkei 225 was Takara Holding Inc, which soared 11.37 percent or 130.0 points to trade at 1273.0 at the close.

Asahi Kasei Corp gained 7.10 percent or 100.0 points to settle at 1507.5, while Furukawa Co Ltd climbed 4.34 percent or 92.0 points to 2214.0 in late trade. This is the company’s all-time high.

On the other hand, Shimizu Corp was among the worst performers, with stocks plummeting 8.28 percent or 115.0 points to trade at 1274.0 at the close.

Kubota Corp dropped 6.64 percent or 144.5 points to end at 2031.5, while Yokogawa Electric Corp declined 5.30 percent or 115.0 points to 2053.0.

Soaring stocks beat declining ones on the Tokyo Stock Exchange by 1714 to 1568 and 223 ended untouched.

Meanwhile, the Nikkei volatility, a measure of the implied volatility of Nikkei 225 options, slipped 4.19 percent to 16.45.

Japan stocks fell at the close of trade on Wednesday.

On the other hand, for John Vail of Nikko Asset Management, the Nikkei 225 would keep rising even if the yen stays in the range of its current level.

“Even if the yen does not weaken much, there is a very good chance of 30,000 for the Nikkei in two years as foreigners are now excited about the market,” said Vail.

On other industries, crude oil for December delivery dipped 0.54 percent or 0.31 to $56.89 a barrel.

In commodities trading, Brent oil for delivery in January dropped 0.41 percent or 0.26 to reach $63.43 per barrel. December Gold Futures contract climbed 0.22 percent or 2.87 to trade at $1278.67 a troy ounce.

For forex, USD/JPY dropped 0.18 percent to 113.79, while EUR/JPY slumped 0.09 percent to 131.97. The US dollar index, which measures the dollar against a basket of six other major currencies, was down 0.06 percent at 94.75.

Trump has recently concluded his three-day visit in the Asian country, which was the first tour of the Trump administration since coming to power.

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