News Column

Tokyo stocks open lower on airplane crash in Ukraine, Gaza conflicts

July 17, 2014

Tokyo stocks opened sharply lower Friday as a risk-averse mood prevailed due to the crash of a Malaysia Airlines plane in eastern Ukraine and the escalating conflict in Gaza.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 239.18 points, or 1.56 percent, from Thursday to 15,131.08. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 16.99 points, or 1.33 percent, to 1,256.39.

The U.S. dollar's fall to the lower 101 yen zone also weighed on the market. Major decliners included insurance, rubber product and metal product shares.

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Source: Japan Economic Newswire

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