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Tokyo stocks open sharply lower on Wall St. losses, firmer yen

August 7, 2014



Tokyo stocks opened sharply lower Friday as overnight losses on Wall Street and the U.S. dollar's weakness in the lower 102 yen zone sapped investor sentiment.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 195.09 points, or 1.28 percent, from Thursday to 15,037.28. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 12.40 points, or 0.99 percent, at 1,245.72.

In New York on Thursday, the Dow Jones Industrial Average closed at a nearly three-month low due to concerns over Russia's retaliatory measures against economic sanctions imposed by the United States and Europe.

Major decliners included nonferrous metal, precision machinery and brokerage shares.



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Source: Japan Economic Newswire


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