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Tokyo stocks start 0.71% weaker, Nikkei 225 tumbles 140.60pts

byCustoms Today Report
26/03/2015
in Uncategorized
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TOKYO: Tokyo stocks opened 0.71 percent lower Thursday, following sharp drops on Wall Street and weak US data.

The Nikkei 225 index at the STOCK EXCHANGE gave up 140.60 points to 19,605.60 at the start.

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The dollar edged lower Wednesday after data showed US durable goods orders fell 1.4 percent in February.

The greenback was changing hands at 119.49 yen early Thursday, marginally up from 119.43 yen in New York late Wednesday but still down from 119.62 yen in Tokyo earlier Wednesday.

The euro bought $1.0964 and 131.03 yen against $1.0973 and 131.05 yen in US trade.

US stocks fell sharply Wednesday with Nasdaq suffering the deepest declines on worries that technology and biotech equities have become overvalued.

The tech-rich Nasdaq Composite Index, which stood above 5,000 on Monday, fell 2.37 percent to 4,876.52.

The blue-chip Dow Jones Industrial Average sank 1.62 percent while the broad-based S&P 500 slid 1.46 percent.

 

Tags: Tokyo stocks

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