Japan shares lower at close of trade; Nikkei 225 down 1.34%

Investing.com – Nov 4, 2016 – Japan equities were lower at the close on Friday, as losses in the TradingInsurance and Pharmaceutical Industry sectors propelled shares lower.

At the close in Tokyo, the Nikkei 225 fell 1.34%.

The biggest gainers of the session on the Nikkei 225 were Tokai Carbon Co., Ltd. (T:5301), which rose 12.78% or 40.0 points to trade at 353.0 at the close. Furukawa Electric Co., Ltd. (T:5801) added 7.88% or 232.0 points to end at 3175.0 and Nippon Suisan Kaisha, Ltd. (T:1332) was up 7.19% or 35.0 points to 522.0 in late trade.

Biggest losers included JGC Corp. (T:1963), which lost 8.59% or 158.0 points to trade at 1681.0 in late trade. Casio Computer Co., Ltd. (T:6952) declined 7.71% or 107.0 points to end at 1280.0 and Minebea Co., Ltd. (T:6479) shed 7.19% or 73.0 points to 942.0.

Declining stocks outnumbered rising ones by 2377 to 666 and 267 ended unchanged on the Tokyo Stock Exchange.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 13.06% to 25.54 a new 3-month high.

In commodities trading, Crude oil for December delivery was up 0.20% or 0.09 to $44.75 a barrel. Meanwhile, Brent oil for delivery in January rose 0.15% or 0.07 to hit $46.42 a barrel, while the December Gold contract fell 0.53% or 6.85 to trade at $1296.45 a troy ounce.

USD/JPY was up 0.30% to 103.29, while EUR/JPY rose 0.24% to 114.62.

The US Dollar Index was up 0.11% at 97.30.

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