Tokyo stocks retreated Thursday morning in early trading as a global oil glut saw investors switching into safe havens like the yen, which pushed the currency higher versus its counterparts, impacting exporter-linked issues. As of 9:15 a.m., the 225-issue Nikkei Stock Average lost 266.92 points, or 1.38 percent, from Wednesday to 19,034.15, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange fell 16.93 points, or 1.09 percent, at 1,538.65. Early decliners were led by rubber products, insurance and pharmaceutical-linked shares.
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