Tokyo stocks open lower on Wall Street's overnight falls

Other News Materials 26 August 2008 07:53 (UTC +04:00)

( dpa ) Tokyo stocks opened lower Tuesday after the US market fell overnight.

The Nikkei 225 Stock Average lost 169.14 points, or 1.31 per cent, to 12,709.52.

The broader Topix index of all first-section issues was also down 21.21 points, or 1.71 per cent, at 1,218.04.

The Tokyo players sold issues mainly in consumer finance, retail and the banking sector.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 109.30-35 yen, down from Monday's 5 pm quote of 109.96-97 yen.

The euro was quoted at 1.4725-30 dollars, down from Monday's 5 pm quote of 1.4742-43 dollars, and at 161.01-06 yen, down from 162.11-15 yen.