Japan stocks lower at close of trade; Nikkei 225 down 1.66%

Japan stocks were lower after the close on Thursday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower.

At the close in Tokyo, the Nikkei 225 fell 1.66% to hit a new 3-months low.

The best performers of the session on the Nikkei 225 were Teijin Ltd. (TYO:3401), which rose 16.70% or 268.00 points to trade at 1,873.00 at the close. Meanwhile, Toyota Motor Corp (TYO:7203) added 16.68% or 505.00 points to end at 3,533.00 and Mitsubishi Motors Corp. (TYO:7211) was up 13.34% or 44.90 points to 381.40 in late trade.

The worst performers of the session were Furukawa Electric Co., Ltd. (TYO:5801), which fell 17.06% or 441.00 points to trade at 2,143.50 at the close. Murata Mfg Co (TYO:6981) declined 16.58% or 1,000.00 points to end at 5,032.00 and Ibiden Co Ltd (TYO:4062) was down 16.31% or 1,311.00 points to 6,726.00.

Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 2124 to 1435 and 186 ended unchanged.

Shares in Teijin Ltd. (TYO:3401) rose to 5-year highs; up 16.70% or 268.00 to 1,873.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 30.07% to 24.98.

Crude oil for December delivery was down 1.21% or 1.07 to $87.05 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 0.59% or 0.56 to hit $94.06 a barrel, while the December Gold Futures contract rose 1.56% or 63.51 to trade at $4,136.51 a troy ounce.

USD/JPY was down 0.33% to 157.90, while EUR/JPY fell 0.01% to 177.88.

The US Dollar Index Futures was down 0.33% at 101.09.