WNAM REPORT: Tokyo stocks opened sharply lower Tuesday, led by selling of technology issues after the U.S. Nasdaq index plunged overnight.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 598.89 points, or 1.51 percent, from Monday to 38,966.91. The broader Topix index was down 20.37 points, or 0.74 percent, at 2,737.70.
On the top-tier Prime Market, the main decliners were precision instruments, information and communication, and nonferrous metal issues.
At 9 a.m., the U.S. dollar fetched 154.91-92 yen compared with 154.47-57 yen in New York and 155.86-89 yen in Tokyo at 5 p.m. Monday.
The euro was quoted at $1.0435-0436 and 161.65-67 yen against $1.0486-0496 and 161.99-162.09 yen in New York and $1.0456-0458 and 162.98-163.02 yen in Tokyo late Monday afternoon.
It was earlier reported, Tokyo stocks are likely to test new highs in 2025 backed by hopes for an economic recovery with wage growth, but uncertainties loom over Japan’s political landscape and the policies of incoming U.S. President Donald Trump.
