Tokyo stocks down in morning on rekindled U.S rate hike fears
Tokyo stocks fell slightly Friday morning, weighed down by rekindling concerns over prolonged U.S. interest rate hikes following stronger-than-expected inflation data.
The 225-issue Nikkei Stock Average fell 137.90 points, or 0.42 percent, from Thursday to 32,356.76. The broader Topix index was down 29.26 points, or 1.25 percent, at 2,313.23.
On the top-tier Prime Market, main decliners were rubber product, transportation equipment and real estate issues.