Tokyo stocks open mixed on Wall St. losses, position adjustments
TOKYO (Kyodo) -- Tokyo stocks opened mixed Monday, as losses on Wall Street late last week weighed on sentiment, while position adjustments ahead of m
Tokyo stocks commenced trading on Monday in a mixed fashion, with losses incurred on Wall Street the previous day casting a shadow over investor sentiment. However, adjustments made to positions ahead of significant events later in the week bolstered the market. During the initial 15 minutes of trading, the 225-issue Nikkei Stock Average slipped by 78.16 points, or 0.12 percent, from Friday's close of 62,615.00.
The wider Topix index, on the other hand, rose by 16.47 points, or 0.42 percent, to 3,982.28. Within the Prime Market, which features larger companies, the primary beneficiaries were mining and wholesale trade sectors. Conversely, service and retail shares experienced significant declines. At 9 a.m., the U.S. dollar was trading at 156.83-84 yen, slightly stronger than its New York counterpart of 156.77-87 yen and 156.95-97 yen in Tokyo at 5 p.m. on Friday.
Meanwhile, the euro was valued at $1.1217-1217 and 175.92-93 yen, slightly higher than the New York rates of $1.1197-1207 and 175.45-55 yen, and 175.76-80 yen in Tokyo late on Friday.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
