Energy stocks rose after crude oil prices reached a new record to $114.08 a barrel yesterday as bad weather in the Gulf of Mexico shut three main export terminals in Mexico. Inpex rose 2.46% on the news.

Mitsui Chemicals led decliners in the Nikkei 225 index shares with a drop of 4.21% followed by losses in Toray Industries of 3.35%, in Teijin Limited of 3.04%, in Takayashima Co of 2.43%, and Terumo Corp. of 2.28%.

Victor Company withdraws from TV business

Kyodo news reported today that Victor Co. of Japan has opted to withdraw from its TV business and concentrate on the U.S. and European markets, where the company posted strong sales.

In addition the company will concentrate on supplies to corporate users such as broadcasting companies.