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.
