Tokyo stocks open lower on fears over prolonged U.S. rate hikes
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Tokyo stocks opened slightly lower Friday, tracking overnight losses on Wall Street, as caution grew over prolonged interest rate hikes in the United States on data indicating a solid labor market.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 18.19 points, or 0.07 percent, from Thursday to 26,387.04. The broader Topix index was down 0.85 point, or 0.04 percent, at 1,914.77.
On the top-tier Prime Market, decliners were led by electric appliance, rubber product and bank issues.
At 9 a.m., the U.S. dollar fetched 128.36-39 yen compared with 128.36-46 yen in New York...