News Column

Tokyo stocks open slightly lower on yen's appreciation

January 21, 2014

TOKYO , Jan. 22 -- ( Kyodo ) _ Tokyo stocks opened lower Wednesday, with sentiment hurt by the yen's appreciation against the U.S. dollar, but the market's fall was limited due to solid gains in steel and banking shares. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 32.19 points, or 0.20 percent, from Tuesday to 15,763.77. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 0.03 point to 1,295.98. Automaker and other shares closely linked to exports were sluggish after the dollar fell to the lower 104 yen range from the upper 104 yen level seen the previous day. Oil and construction sectors also faced selling.

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Source: Japan Economic Newswire

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