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Home International Markets

Tokyo stocks open 0.79pc lower, Nikkei 225 slips 161.53pts

byCustoms Today Report
28/07/2015
in International Markets
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TOKYO: Tokyo stocks have opened 0.79 per cent lower after a big drop in the Chinese stock market sparked worries about global economic growth.

The Nikkei 225 index at the Tokyo Stock Exchange lost 161.53 points to 20,188.57 at the start.

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Equity markets around the globe retreated after the Shanghai stock exchange plummeted 8.48 per cent on fears the Chinese government will pull back on support measures that have stabilised the market the last three weeks.

Key commodities, including oil and copper, also fell.

On Monday, the Dow Jones Industrial Average shed 0.73 per cent, while the broad-based S&P 500 fell 0.58 per cent.

In Tokyo forex trade, the US dollar was at Y123.26 early Tuesday, slightly up from Y123.24 in New York late Monday.

The euro changed hands at $US1.1089 and Y136.68 against $US1.1091 and Y136.69 in US trade.

 

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