Tokyo stocks lower in morning on renewed U.S. rate hike concerns
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Tokyo stocks dropped slightly Wednesday morning on reviving concerns over further interest rate hikes and higher borrowing costs in the United States following stronger-than-expected retail sales data.
The 225-issue Nikkei Stock Average fell 66.00 points, or 0.21 percent, from Tuesday to 31,974.29. The broader Topix index was down 4.10 points, or 0.18 percent, at 2,287.98.
On the top-tier Prime Market, decliners were led by marine transportation, pharmaceutical and service issues.
