Japanese equities decline at close of trade

Japanese equities decline at close of trade

On Wednesday, Japanese shares slumped after the close. It’s because losses in the Paper & Pulp, Gas & Water as well as Banking sectors suppressed stocks.

The Nikkei 225 edged down 1.51%.

On the Nikkei 225 the best performers were represented by Otsuka Holdings Ltd, Showa Denko K.K. and Dentsu Inc. They grew 3.37%, 2.71% and 2.18% respectively.    

Meanwhile, the top losers included such benchmarks as Showa Shell Sekiyu K.K., Toho Zinc Co. and Sumitomo Mitsui Trust Holdings. They went down respectively 6.83%, 6.01% and 5.55%.      

Sagging equities outperformed rallying ones on the Tokyo Stock Exchange by 3161 to 276, while 76 were intact.

Stocks in Showa Denko K.K. managed to hit 5-year maximums, gaining 2.71% and showing 3980.0.

The Nikkei Volatility, gauging the implied volatility of Nikkei 225 options, headed south 4.96% being worth 18.58.

The currency pair USD/JPY edged down 0.37% trading at 113.03, EUR/JPY tumbled 0.26% trading at 133.49.

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