Tokyo stocks open flat on Wall St. falls, buying amid optimism

Tokyo stocks opened nearly flat Monday, as declines following falls on Wall Street late last week were offset by buying amid optimism over the Nikkei index likely reaching an all-time high soon.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 4.93 points, or 0.01 percent, from Friday to 38,482.31. The broader Topix index was up 2.73 points, or 0.10 percent, at 2,627.46.

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

At 9 a.m., the U.S. dollar fetched 150.13-16 yen compared with 150.18-28 yen in New York and 150.23-24 yen in Tokyo at 5 p.m. Friday.

The euro was quoted at $1.0782-0786 and 161.87-96 yen against $1.0771-0781 and 161.80-90 yen in New York and $1.0760-0762 and 161.65-69 yen in Tokyo late Friday afternoon.

© Kyodo News