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Tokyo stocks open lower on yen's rise, Trump's remarks on Japan trade

TOKYO
2018-09-07 08:48

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Tokyo stocks opened lower Friday as the market mood was soured by the yen's appreciation and concerns over a report saying U.S. President Donald Trump wants to target Japan for trade imbalances.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 197.83 points, or 0.88 percent, from Thursday to 22,290.11.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 10.57 points, or 0.62 percent, to 1,681.84.

Oil and coal product, mining, and electric appliance-linked issues comprised notable decliners in early trade.

The Sapporo Securities Exchange in Hokkaido reopened on Friday after being closed a day earlier due to a power outage caused by a powerful earthquake.
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