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Tokyo stocks open lower on Wall Street's overnight losses

Business Materials 18 November 2008 07:04 (UTC +04:00)

Stocks opened lower Tuesday in Tokyo as overnight losses on Wall Street spurred concerns over the world recession, dpa reported.

The Nikkei 225 Stock Average fell 82.17 points, or 0.96 per cent, to 8,440.41.

The broader Topix index of all first-section issues was also down 2.23 points, or 0.26 per cent, to 848.26.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 96.42-47 yen, down from Monday's 5 pm quote of 97.10-12 yen.

The euro was quoted at 1.2642-47 dollars, up from Monday's 5 pm quote of 1.2589-91 dollars, and at 121.90-122.00 yen, down from 122.24-28 yen.

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