Tokyo stocks open down as strong yen, Wall Street drop impact sentiment
Xinhua, May 12, 2016 Adjust font size:
Tokyo stocks opened lower Thursday as investor sentiment was dented by the yen's comparative strength against the U.S. dollar which impacts exporter-linked issues, with the market mood also reflecting Wall Street's lackluster performance overnight.
The 225-issue Nikkei Stock Average dropped 158.05 points, or 0.95 percent, from Wednesday to 16,420.96.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 13.79 points, or 1.03 percent, to 1,320.51.
Early notable decliners comprised rubber products, transportation equipment and insurance-linked stocks. Endit