Tokyo stocks open mixed as bargain-hunting offset by weak tech shares

Tokyo stocks opened mixed Thursday as bargain-hunting following three consecutive days of losses was offset by selling of technology issues tracking overnight declines by their U.S. counterparts.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 99.45 points, or 0.26 percent, from Wednesday to 38,596.52. The broader Topix index was up 1.73 points, or 0.07 percent, at 2,650.24.

On the top-tier Prime Market, decliners were led by electric appliance and service issues, while top gainers were mining, and oil and coal product issues.

At 9 a.m., the U.S. dollar fetched 147.57-60 yen compared with 147.71-81 yen in New York and 147.66-69 yen in Tokyo at 5 p.m. Wednesday.

The euro was quoted at $1.0951-0955 and 161.60-70 yen against $1.0943-0953 and 161.72-82 yen in New York and $1.0926-0928 and 161.35-39 yen in Tokyo late Wednesday afternoon.

© Kyodo News