Tokyo stocks open lower as Fed rate hike remarks sends U.S. shares lower, yen higher

Tokyo stocks dropped from the morning bell on Thursday as the U.S Federal Reserve saying it would hold pat indefinitely on a rate hike saw U.S. shares retreat overnight and the yen appreciate against the U.S. dollar, both of which zapped investor sentiment.

As of 9:15 a.m., the 225-issue Nikkei Stock Average shed 10.70 points, or 0.07 percent, from Wednesday to 15,908.88.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 1.38 points, or 0.11 percent, to 1,275.73.

Notable early decliners comprised rubber products, insurance and transportation equipment-linked issues. Endit