Tokyo stocks mixed in early trading on weak chip shares, Wall St. gains
TOKYO (Kyodo) -- Tokyo stocks were mixed early Monday, weighed down by selling of some semiconductor-related shares, while gains on Wall Street late l
Tokyo stocks opened mixed on Monday, with the Nikkei Stock Average dropping 1.70% to 62,925.85 within the first 15 minutes of trading due to selling pressure on semiconductor-related shares. However, gains on Wall Street from the previous week provided some support. The Topix index, a broader gauge of the market, increased by 0.20% to 4,036.30.
On the Prime Market, nonferrous metal and glass and ceramic product issues were among the main decliners, while mining and service shares showed notable gains. The exchange rates at 9 a.m. saw the U.S. dollar at 153.41-43 yen, the euro at $1.1593-1594, and the euro at 177.86-88 yen against the U.S. dollar and 178.07-17 yen in Tokyo.
Brief written by urgent.news from The Mainichi's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
