Tokyo stocks open lower on Wall Street losses
TOKYO (Kyodo) -- Tokyo stocks opened lower Monday, tracking Wall Street losses late last week amid concerns over heavy investment in artificial intell
Tokyo stocks began the trading day on a downward trend on Monday, mirroring the losses seen on Wall Street over the previous week. The worries stemmed from significant investments in artificial intelligence-related ventures and the surge in crude oil prices, which were fueled by uncertainty surrounding Middle East tensions. In the initial 15 minutes of trading, the 225-stock Nikkei Stock Average dropped 1,411.20 points, representing a 2.16 percent decrease from Friday's closing value of 63,913.09.
The broader Topix index also experienced a decline, with a loss of 54.67 points, or 1.34 percent, bringing its value to 4,011.33. Among the top-tier Prime Market, nonferrous metal, bank, and glass and ceramic product issuers were among the biggest losers. At 9 a.m., the U.S. dollar was trading at 157.80-82 yen, a slight decline from the 157.96-158.06 yen recorded in New York and 158.00-02 yen in Tokyo at 5 p.m. on Friday.
In contrast, the euro was quoted at $1.1226-1227, slightly lower than the $1.1235-1245 and 177.15-17 yen in New York, and 177.47-57 yen in Tokyo.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
