Tokyo stocks open lower on yen's rise, investors lock in profits

Image
IANS Tokyo
Last Updated : Jun 01 2016 | 7:48 AM IST

Tokyo stocks opened lower on Wednesday as the yen's appreciation against the US dollar saw investors opt to secure gains made following the market's recent bullish run.

As of 9:15 a.m., the 225-issue Nikkei Stock Average dropped 147.73 points, or 0.86 percent, from Tuesday to 17,087.25.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, relinquished 11.77 points, or 0.85 percent, to 1,368.03.

On the main section all industry categories retreated into negative territory, with air and land transportation, and iron and steel-linked issues comprising early notable decliners.

--IANS

vr/

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 01 2016 | 7:38 AM IST

Next Story