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Tokyo stocks open lower as yen's rise against dollar dampens mood

Xinhua, August 23, 2016 Adjust font size:

Tokyo stocks opened lower Tuesday as the yen's rise against the U.S. dollar dampened the market mood despite hawkish remarks from the U.S. Federal Reserve's vice chairman driving the yen down a day earlier.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 63.93 points, or 0.39 percent, from Monday to 16,534.26.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 3.98 points, or 0.31 percent, to 1,299.70.

Early issues that lost ground comprised mining, and iron and steel-related stocks. Enditem