Tokyo stocks open lower on wariness over rising U.S. debt yields

©Kyodo News

Tokyo stocks opened lower Friday, tracking an overnight fall on Wall Street, as investors grew cautious about a rise in long-term U.S. Treasury yields following positive economic data.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average shed 267.01 points, or 0.92 percent, from Thursday to 28,791.10. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 10.68 points, or 0.55 percent, at 1,948.02.

Decliners were led by machinery, service, and nonferrous metal issues.

At 9 a.m., the dollar fetched 110.29-33 yen compared with 110.25-35 yen in New York, where the U.S. currency briefly jumped to a two-month high of 110.32 yen, and 109.83-84 yen in Tokyo at 5 p.m. Thursday.

The euro was quoted at $1.2130-2130 and 133.78-79 yen against $1.2122-2132 and 133.71-81 yen in New York and $1.2180-2182 and 133.78-82 yen in Tokyo late Thursday afternoon.