Japan stocks lower at close of trade; Nikkei 225 down 1.63%

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At the close in Tokyo, the Nikkei 225 declined 1.63% to hit a new 1-month low.

The best performers of the session on the Nikkei 225 were Kawasaki Kisen Kaisha, Ltd. (T:9107), which rose 2.81% or 135.0 points to trade at 4945.0 at the close. Meanwhile, Nippon Yusen K.K (T:9101) added 2.44% or 180.0 points to end at 7550.0 and Mitsui O.S.K. Lines, Ltd. (T:9104) was up 2.31% or 150.0 points to 6640.0 in late trade.

The worst performers of the session were Keisei Electric Railway Co., Ltd. (T:9009), which fell 7.61% or 255.0 points to trade at 3095.0 at the close. Tokyu Corp. (T:9005) declined 7.13% or 118.0 points to end at 1537.0 and Mazda Motor Corp (T:7261) was down 6.75% or 69.0 points to 953.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 3318 to 373 and 102 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0% to 22.33 a new 1-month high.

Crude oil for January delivery was up 4.94% or 3.37 to $71.52 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 4.47% or 3.20 to hit $74.79 a barrel, while the February Gold Futures contract rose 0.53% or 9.55 to trade at $1797.65 a troy ounce.

USD/JPY was up 0.09% to 113.42, while EUR/JPY fell 0.37% to 127.76.

The US Dollar Index Futures was up 0.21% at 96.310.