Japan stocks lower at close of trade; Nikkei 225 down 2.53%

Japan stocks were lower after the close on Monday, as losses in the Gas & Water, Construction and Services sectors led shares lower.

At the close in Tokyo, the Nikkei 225 declined 2.53% to hit a new 1-month low.

The best performers of the session on the Nikkei 225 were Kawasaki Kisen Kaisha, Ltd. (TYO:9107), which rose 7.82% or 560.00 points to trade at 7,720.00 at the close. Meanwhile, Tokyo Gas Co., Ltd. (TYO:9531) added 2.70% or 66.00 points to end at 2,509.00 and Alps Electric Co., Ltd. (TYO:6770) was up 2.49% or 33.00 points to 1,356.00 in late trade.

The worst performers of the session were Japan Steel Works Ltd (TYO:5631), which fell 18.79% or 700.00 points to trade at 3,025.00 at the close. Konami Corp. (TYO:9766) declined 7.19% or 590.00 points to end at 7,620.00 and JFE Holdings, Inc. (TYO:5411) was down 7.09% or 113.00 points to 1,481.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2889 to 683 and 200 ended unchanged.

Shares in Tokyo Gas Co., Ltd. (TYO:9531) rose to 52-week highs; rising 2.70% or 66.00 to 2,509.00. Shares in Alps Electric Co., Ltd. (TYO:6770) rose to 52-week highs; up 2.49% or 33.00 to 1,356.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 11.01% to 27.83 a new 1-month high.

Crude oil for June delivery was down 1.29% or 1.42 to $108.35 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.11% or 1.25 to hit $111.14 a barrel, while the June Gold Futures contract fell 0.70% or 13.15 to trade at $1,869.65 a troy ounce.

USD/JPY was up 0.45% to 131.15, while EUR/JPY rose 0.24% to 138.07.

The US Dollar Index Futures was up 0.24% at 103.94.