Investing.com – Japan equities were lower at the close on Friday, as losses in the Power, Insurance and Banking sectors propelled shares lower.
At the close in Tokyo, the Nikkei 225 lost 2.98% to hit a new 3-month low.
The biggest gainers 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. 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.
Biggest losers included Alps Electric Co., Ltd. (TOKYO:6770), which lost 7.05% or 270.0 points to trade at 3560.0 in late trade. Unitika, Ltd. (TOKYO:3103) declined 6.85% or 5.0 points to end at 68.0 and Fujikura Ltd. (TOKYO:5803) shed 6.68% or 45.0 points to 629.0.
Declining stocks outnumbered rising ones by 1842 to 36 on the Tokyo Stock Exchange.
The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 19.14% to 24.15 a new 1-month high.
In commodities trading, Crude oil for October delivery was down 1.13% or 0.47 to $40.85 a barrel. Meanwhile, 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 0.32% to 123.03, while EUR/JPY rose 0.01% to 138.70.
The US Dollar Index was down 0.28% at 95.50.