Japan stocks lower at close of trade; Nikkei 225 down 2.20%

Investing.com – Japan stocks were lower after the close on Tuesday, as losses in the Insurance, Banking and Paper&Pulp sectors led shares lower.

At the close in Tokyo, the Nikkei 225 lost 2.20%.

The best performers of the session on the Nikkei 225 were East Japan Railway Co. (TYO:9020), which rose 2.24% or 164.00 points to trade at 7,479.00 at the close. Meanwhile, Eisai Co., Ltd. (TYO:4523) added 2.13% or 155.00 points to end at 7,447.00 and Central Japan Railway Co. (TYO:9022) was up 0.99% or 155.00 points to 15,790.00 in late trade.

The worst performers of the session were Resona Holdings, Inc. (TYO:8308), which fell 9.19% or 64.40 points to trade at 636.00 at the close. T&D Holdings, Inc. (TYO:8795) declined 8.99% or 165.00 points to end at 1,670.00 and Mitsubishi UFJ Financial Group Inc (TYO:8306) was down 8.59% or 77.30 points to 823.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 3425 to 315 and 98 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 4.02% to 18.61 a new 1-month high.

Crude oil for April delivery was down 1.07% or 0.80 to $74.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.94% or 0.76 to hit $80.01 a barrel, while the April Gold Futures contract fell 0.03% or 0.65 to trade at $1,915.85 a troy ounce.

USD/JPY was up 0.30% to 133.59, while EUR/JPY fell 0.13% to 142.71.

The US Dollar Index Futures was up 0.33% at 103.52.