Tokyo stocks open mixed, weighed down by virus emergency extension

©Kyodo News

Tokyo stocks opened mixed Friday, with gains on the Dow index hitting a record high for a second straight day offset by concerns over economic fallout as the Japanese government prepares to extend the COVID-19 state of emergency in urban areas.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average shed 70.38 points, or 0.24 percent, from Thursday to 29,260.99. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 1.44 points, or 0.07 percent, at 1,928.84.

Decliners were led by oil and coal product, and marine transportation issues, while insurance, and electric power and gas issues led gainers.

At 9 a.m., the dollar fetched 109.04-05 yen compared with 109.03-13 yen in New York and 109.33-34 yen in Tokyo at 5 p.m. Thursday.

The euro was quoted at $1.2064-2068 and 131.56-60 yen against $1.2060-2070 and 131.53-63 yen in New York and $1.2024-2026 and 131.46-50 yen in Tokyo late Thursday afternoon.