Tokyo stocks open lower

Tokyo, June 2 (IANS) Tokyo stocks opened lower on Thursday as the yen rose against the US dollar following an announcement by Prime Minister Shinzo Abe a day earlier that he will once again delay a sales tax hike.

The 225-issue Nikkei Stock Average dropped 182.66 points, or 1.08 percent, from Wednesday to 16,773.07, Xinhua news agency reported.

Investors were also cautious from the off, with some taking a wait-and-see attitude ahead of U.S. employment data for May scheduled to be released on Friday.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 12.66 points, or 0.93 percent, to 1,349.41.

The majority of industry categories in the main section lost ground, with notable decliners comprising rubber product, marine transportation, and iron and steel-linked issues.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here