BUSINESS Nikkei opens lower on Wall Street's decline, Nissan falls 6 pct. following arrest of Ghosn

BUSINESS

Nikkei opens lower on Wall Street's decline, Nissan falls 6 pct. following arrest of Ghosn

Xinhua

09:04, November 20, 2018

TOKYO, Nov. 20 (Xinhua) - Tokyo stocks opened lower Tuesday as investor sentiment was dented by Wall Street's overnight decline which saw the Nasdaq Composite Index drop 3 percent.

As of 9:15 a.m., the 225-issue Nikkei Stock Average lost 217.22 points, or 1.00 percent, from Monday to 21,603.94. 

VCG111170078552.jpg(File photo: VCG)

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 14.95 points, or 0.91 percent, to 1,622.66.

Following the high-profile arrest of Nissan Motor's Chairman Carlos Ghosn a day earlier for allegedly misreporting his salary by 5 billion yen (44 million US dollars), the automaker's shares briefly tumbled to a year-to-date low of more than 6 percent.

Oil and coal product, mining, and miscellaneous product-linked issues comprised those that declined the most in the opening minutes after the morning bell. 

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