Tokyo stocks fall in morning on lowered hopes for Fed rate cut

TOKYO, July 8 (Xinhua) -- Tokyo stocks extended losses Monday morning in line with US shares at the end of last week, as key US jobs data beating expectations sent hopes for a rate cut by the US Federal Reserve lower.


(File photo: AFP)

The 225-issue Nikkei Stock Average dropped 198.02 points, or 0.91 percent, from Friday to 21,548.36.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 11.37 points, or 0.71 percent, at 1,581.21.

Pharmaceutical, farm and fishery, and marine transportation-linked issues comprised those that declined the most by the morning break.