News Column

Tokyo stocks open lower on yen's rise, Wall St. losses

July 8, 2014

Tokyo stocks opened lower Wednesday, with investor sentiment sapped by the yen's appreciation and overnight declines in U.S. stocks.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 78.82 points, or 0.51 percent, from Tuesday to 15,235.59. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 8.49 points, or 0.67 percent, to 1,267.21.

Export-led shares, such as automakers, were sluggish as the U.S. dollar fell to the mid-101 yen zone. Other major decliners included brokerage, glass and ceramics issues as well as construction ones.

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Source: Japan Economic Newswire

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