Investing.com – Japan stocks were lower after the close on Friday, as losses in the Shipbuilding, Financial Services and Finance & Investment sectors led shares lower.
At the close in Tokyo, the Nikkei 225 declined 4.84% to hit a new 52-week low.
The best performers of the session on the Nikkei 225 were Sapporo Holdings Ltd. (T:2501), which rose 4.42% or 22.0 points to trade at 520.0 at the close. Meanwhile, Kyocera Corp. (T:6971) added 3.62% or 164.0 points to end at 4690.0 and Okuma Corp. (T:6103) was up 2.04% or 15.0 points to 750.0 in late trade.
The worst performers of the session were Casio Computer Co., Ltd. (T:6952), which fell 10.33% or 211.0 points to trade at 1831.0 at the close. Sharp Corp. (T:6753) declined 10.32% or 16.0 points to end at 139.0 and Sumitomo Chemical Co., Ltd. (T:4005) was down 9.96% or 49.0 points to 443.0.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1830 to 53 and 7 ended unchanged.
Shares in Sumitomo Chemical Co., Ltd. (T:4005) fell to 52-week lows; down 9.96% or 49.0 to 443.0.
The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 12.89% to 49.84 a new 3-years high.
Crude oil for March delivery was up 4.29% or 1.12 to $27.34 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 4.34% or 1.30 to hit $31.36 a barrel, while the April Gold contract fell 0.22% or 2.80 to trade at $1245.00 a troy ounce.
USD/JPY was down 0.47% to 111.89, while EUR/JPY fell 0.57% to 126.58.
The US Dollar Index was down 0.03% at 95.60.