Tokyo stocks open lower on concern over U.S. monetary tightening
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Tokyo stocks opened slightly lower Monday amid concern over prolonged monetary tightening in the United States to tame inflation after the release of a stronger-than-expected jobs report for November. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 8.98 points, or 0.03 percent, from Friday to 27,768.92. The broader Topix index was down 5.38 points, or 0.28 percent, at 1,948.60. On the top-tier Prime Market, decliners were led by marine transportation, electric power and gas, and warehousing and harbor transportation service issues. At 9 a.m., the dollar fetched 134....