Japan stocks lower at close of trade; Nikkei 225 down 1.77%

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At the close in Tokyo, the Nikkei 225 lost 1.77%.

The best performers of the session on the Nikkei 225 were Nippon Suisan Kaisha, Ltd. (TYO:1332), which rose 2.74% or 16.00 points to trade at 599.00 at the close. Meanwhile, Kansai Electric Power Co Inc (TYO:9503) added 1.09% or 15.00 points to end at 1,390.00 and Nisshin Seifun Group Inc. (TYO:2002) was up 0.73% or 12.00 points to 1,656.00 in late trade.

The worst performers of the session were TDK Corp (TYO:6762), which fell 5.14% or 210.00 points to trade at 3,875.00 at the close. Nitto Denko Co (TYO:6988) declined 4.70% or 410.00 points to end at 8,310.00 and Fanuc Corp. (TYO:6954) was down 4.54% or 995.00 points to 20,920.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2910 to 637 and 218 ended unchanged.

Shares in Kansai Electric Power Co Inc (TYO:9503) rose to 52-week highs; rising 1.09% or 15.00 to 1,390.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 1.03% to 22.64.

Crude oil for August delivery was down 2.54% or 2.64 to $101.45 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 2.18% or 2.33 to hit $104.77 a barrel, while the August Gold Futures contract rose 0.22% or 3.75 to trade at $1,735.45 a troy ounce.

USD/JPY was down 0.14% to 137.23, while EUR/JPY fell 0.44% to 137.35.

The US Dollar Index Futures was up 0.45% at 108.32.