Tokyo stocks open lower on yen’s rise

Tokyo stocks open lower on yen’s rise, investors lock in profits

Tokyo, June 1 (IANS) Tokyo stocks opened lower on Wednesday as the yen’s appreciation against the US dollar saw investors opt to secure gains made following the market’s recent bullish run.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 147.73 points, or 0.86 percent, from Tuesday to 17,087.25.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, relinquished 11.77 points, or 0.85 percent, to 1,368.03.

On the main section all industry categories retreated into negative territory, with air and land transportation, and iron and steel-linked issues comprising early notable decliners.

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