Japan stocks lower at close of trade; Nikkei 225 down 2.46%

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At the close in Tokyo, the Nikkei 225 lost 2.46% to hit a new 1-month low.

The best performers of the session on the Nikkei 225 were Dai-ichi Life Holdings Inc (TYO:8750), which rose 9.42% or 248.50 points to trade at 2,885.50 at the close. Meanwhile, T&D Holdings, Inc. (TYO:8795) added 9.29% or 152.00 points to end at 1,789.00 and Concordia Financial Group Ltd (TYO:7186) was up 7.79% or 38.00 points to 526.00 in late trade.

The worst performers of the session were Mitsubishi Motors Corp. (TYO:7211), which fell 8.93% or 52.00 points to trade at 530.00 at the close. Mitsui Fudosan Co., Ltd. (TYO:8801) declined 5.79% or 150.00 points to end at 2,441.50 and Sumitomo Realty & Development Co. (TYO:8830) was down 5.49% or 185.00 points to 3,187.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 3310 to 402 and 129 ended unchanged.

Shares in Dai-ichi Life Holdings Inc (TYO:8750) rose to all time highs; up 9.42% or 248.50 to 2,885.50. Shares in Concordia Financial Group Ltd (TYO:7186) rose to 3-years highs; gaining 7.79% or 38.00 to 526.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 6.25% to 18.87.

Crude oil for February delivery was up 0.01% or 0.01 to $75.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 0.03% or 0.02 to hit $79.78 a barrel, while the February Gold Futures contract rose 0.33% or 6.00 to trade at $1,803.70 a troy ounce.

USD/JPY was down 2.90% to 132.91, while EUR/JPY fell 2.85% to 141.02.

The US Dollar Index Futures was down 0.40% at 103.93.