Japan stocks were higher after the close on Wednesday, as gains in the Glass, Transportation Equipment and Banking sectors led shares higher.

At the close of trading in Tokyo, the Nikkei 225 closed up 2.16%.

The best performers of the session on the Nikkei 225 were IHI Corp. (TYO:7013), which rose 18.70% or 1,455.00 points to trade at 9,235.00 at the close. Meanwhile, Mitsubishi Heavy Industries, Ltd. (TYO:7011) added 9.42% or 194.00 points to end at 2,254.00 and Japan Steel Works Ltd. (TYO:5631) was up 7.94% or 405.00 points to 5,508.00 in late trade.

The worst performers of the session were Mercari Inc (TYO:4385), which fell 16.05% or 348.50 points to trade at 1,823.00 at the close. Honda Motor Co Ltd (TYO:7267) fell 5.84% or 88.50 points to end at 1,427.50 and Panasonic Corp (TYO:6752) was down 4.98% or 71.00 points to 1,355.00.

Advancing stocks outnumbered declining ones on the Tokyo Stock Exchange by 2,343 to 1,270, while 242 ended unchanged.

IHI Corp. (TYO:7013) stock rose to a new all-time high, adding 18.70% or 1,455.00 points to trade at 9,235.00.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 1.09% to 26.03.

WTI crude oil futures for December delivery fell 1.94% or 1.40 to $70.59 a barrel. Elsewhere in commodities trading, Brent oil for January delivery fell 1.99% or 1.50 to $74.03 a barrel, while the December gold contract fell 1.15% or 31.50 to $2,718.20 a troy ounce.

The USD/JPY pair added 1.69% and traded at 154.16, while the EUR/JPY pair continued to decline by 0.33% and reached 165.18.

Dollar index futures were trading 1.73% higher at 105.11.