BUSINESS Tokyo stocks open lower tracking losses on Wall Street overnight

BUSINESS

Tokyo stocks open lower tracking losses on Wall Street overnight

Xinhua

09:02, May 24, 2019

TOKYO, May 24 (Xinhua) -- Tokyo stocks opened sharply lower on Friday tracking losses on Wall Street overnight as investors switched out of riskier assets and into safe havens amid heightening concerns over the future course of the global economy.

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(File photo: VCG)

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 203.42 points, or 0.96 percent, from Thursday to 20,947.72.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 11.47 points, or 0.74 percent, at 1,529.11.

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

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