Tokyo stocks opened lower Friday as market sentiment was hurt by the yen's appreciation against the U.S. dollar following expectations the U.S. Federal Reserve may hike interest rates at a slower pace than previously thought.
Mitsubishi Materials revealing a data specification scandal at some of its subsidiaries on Thursday also dented market confidence in early trade Friday, brokers here said.
As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 124.40 points, or 0.55 percent, from Wednesday to 22,398.75.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 8.70 points, or 0.49 percent, to 1,768.38.
Confidence in Japan's manufacturing sector has been rattled of late, local traders said, following a slew of rigged data scandals, including at Kobe Steel, and uncertified vehicle checks at Nissan and Subaru, which led to to extensive recalls.
Nonferrous metal, real estate and marine transportation-oriented stocks comprised those that declined the most in the opening minutes after the morning bell.
Markets here were closed on Thursday for a national holiday.
Mitsubishi Materials revealing a data specification scandal at some of its subsidiaries on Thursday also dented market confidence in early trade Friday, brokers here said.
As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 124.40 points, or 0.55 percent, from Wednesday to 22,398.75.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 8.70 points, or 0.49 percent, to 1,768.38.
Confidence in Japan's manufacturing sector has been rattled of late, local traders said, following a slew of rigged data scandals, including at Kobe Steel, and uncertified vehicle checks at Nissan and Subaru, which led to to extensive recalls.
Nonferrous metal, real estate and marine transportation-oriented stocks comprised those that declined the most in the opening minutes after the morning bell.
Markets here were closed on Thursday for a national holiday.
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