Tokyo stocks open flat on bargain-hunting, Wall St. fall

Tokyo stocks opened flat Tuesday, as bargain-hunting following declines the previous day was offset by selling tracking losses on Wall Street overnight.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 4.19 points, or 0.01 percent, from Monday to 33,443.48. The broader Topix index was down 2.99 points, or 0.13 percent, at 2,378.77.

On the top-tier Prime Market, gainers were led by pulp and paper, and farm and fishery issues, while the top decliners were marine transportation and air transportation issues.

At 9 a.m., the U.S. dollar fetched 148.41-42 yen compared with 148.64-74 yen in New York and 149.02-03 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.0957-0961 and 162.61-68 yen against $1.0949-0959 and 162.79-89 yen in New York, and $1.0947-0948 and 163.14-18 yen in Tokyo late Monday afternoon.

© Kyodo News