Tokyo stocks open lower on Wall St. losses, strong yen

Economy

Tokyo stocks opened lower Monday, weighed down by declines on Wall Street late last week and selling of export-related issues due to a stronger yen against the U.S. dollar. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 106.17 points, or 0.38 percent, from Friday to 27,808.49. The broader Topix index was down 3.91 points, or 0.20 percent, at 1,952.06. On the top-tier Prime Market, decliners were led by service, electric appliance and chemical issues. At 9 a.m., the dollar fetched 136.35-36 yen compared with 136.02-12 yen in New York and 137.58-60 yen in Tokyo at 5 ...

Kyodo News

Kyodo News