Japan stocks lower at close of trade; Nikkei 225 down 1.66%

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At the close in Tokyo, the Nikkei 225 declined 1.66% to hit a new 3-months low.

The best performers of the session on the Nikkei 225 were Meiji Holdings Co., Ltd. (T:2269), which rose 2.52% or 180.0 points to trade at 7310.0 at the close. Meanwhile, KDDI Corp. (T:9433) added 2.10% or 75.0 points to end at 3653.0 and Nisshin Seifun Group Inc. (T:2002) was up 1.75% or 28.0 points to 1629.0 in late trade.

The worst performers of the session were Japan Steel Works Ltd (T:5631), which fell 8.80% or 355.0 points to trade at 3680.0 at the close. Recruit Holdings Co Ltd (T:6098) declined 7.56% or 450.0 points to end at 5506.0 and Rakuten Inc (T:4755) was down 7.48% or 80.0 points to 990.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 3100 to 541 and 171 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0% to 25.74.

Crude oil for March delivery was up 0.41% or 0.34 to $83.65 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 0.49% or 0.42 to hit $85.85 a barrel, while the February Gold Futures contract rose 0.06% or 1.05 to trade at $1842.75 a troy ounce.

USD/JPY was down 0.14% to 113.75, while EUR/JPY fell 0.22% to 128.70.

The US Dollar Index Futures was up 0.03% at 95.933.