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Home International Markets

Tokyo stocks dip in early trade, Nikkei 225 slips 2.69pc

byCustoms Today Report
01/05/2015
in International Markets
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TOKYO: Tokyo stocks extended their losses at the open Friday, slipping 0.17 per cent following a sharp drop on Wall Street as another batch of weak US data aggravates worries about the health of the world’s top economy.

The Nikkei 225 index at the Tokyo Stock Exchange, which tumbled 2.69 per cent on Thursday, fell 32.78 points to 19,487.23 at the start.

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The greenback bought 119.44 yen early Friday, up from 119.38 yen in New York late Thursday.

The euro fetched $1.1216 and 133.99 yen against $1.1224 and 134.00 yen in US trade.

Wall Street stocks fell sharply Thursday as earnings from online listings company Yelp and others disappointed while US data showed only modest growth in consumer spending.

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