TOKYO: Tokyo stocks opened flat on Thursday, after an afternoon rally on Wall Street overcame early weakness on fears about an economic slowdown in China.
The Nikkei 225 index at the Tokyo Stock Exchange eased 0.23 points to 20,392.54 at the start.
US stocks spent much of the day in the red due to fears that Beijing’s devaluation of the yuan signals that China’s economy is weaker than thought. The Dow was down more than 275 points early in the session.
But Apple and energy equities led an afternoon rally, reversing the market’s direction.
