TOKYO: Japan stocks were lower after the close on Friday, as losses in the Power, Insurance and Banking sectors led shares lower.
At the close in Tokyo, the Nikkei 225 fell 2.98% to hit a new 3-months low.
The best performers of the session on the Nikkei 225 were Hokuetsu Kishu Paper Co., Ltd. (TOKYO:3865), which rose 0.95% or 7.0 points to trade at 744.0 at the close. Meanwhile, JX Holdings, Inc. (TOKYO:5020) fell 0.47% or 2.2 points to end at 466.1 and Mitsubishi Corp. (TOKYO:8058) was down 0.49% or 11.5 points to 2317.0 in late trade.
The worst performers of the session were Alps Electric Co., Ltd. (TOKYO:6770), which fell 7.05% or 270.0 points to trade at 3560.0 at the close. Unitika, Ltd. (TOKYO:3103) declined 6.85% or 5.0 points to end at 68.0 and Fujikura Ltd. (TOKYO:5803) was down 6.68% or 45.0 points to 629.0.
Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 1842 to 36.
The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 19.14% to 24.15 a new 1-month high.
Crude oil for October delivery was down 1.13% or 0.47 to $40.85 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 0.90% or 0.42 to hit $46.20 a barrel, while the December Gold contract rose 0.41% or 4.70 to trade at $1157.90 a troy ounce.
USD/JPY was down 0.31% to 123.04, while EUR/JPY unchanged 0.00% to 138.69.
The US Dollar Index was down 0.27% at 95.52.
