Japan stocks lower at close of trade; Nikkei 225 down 2.80%

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At the close in Tokyo, the Nikkei 225 lost 2.80% to hit a new 3-months low.

The best performers of the session on the Nikkei 225 were Konami Corp. (T:9766), which rose 1.72% or 90.0 points to trade at 5320.0 at the close. Meanwhile, Takashimaya Co., Ltd. (T:8233) added 1.05% or 11.0 points to end at 1061.0 and Idemitsu Kosan Co Ltd (T:5019) was up 0.94% or 30.0 points to 3230.0 in late trade.

The worst performers of the session were Sony Corp (T:6758), which fell 12.79% or 1820.0 points to trade at 12410.0 at the close. Kawasaki Kisen Kaisha, Ltd. (T:9107) declined 10.28% or 810.0 points to end at 7070.0 and Nippon Yusen K.K (T:9101) was down 9.34% or 900.0 points to 8740.0.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 3504 to 218 and 81 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was unchanged 0% to 21.26.

Crude oil for March delivery was up 0.60% or 0.51 to $85.34 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.39% or 0.34 to hit $87.85 a barrel, while the February Gold Futures contract rose 0.02% or 0.35 to trade at $1812.75 a troy ounce.

USD/JPY was down 0.21% to 114.36, while EUR/JPY fell 0.09% to 129.68.

The US Dollar Index Futures was down 0.10% at 95.630.