Tokyo stocks open lower on Wall St. fall, Omicron concerns

© Kyodo News

Tokyo stocks opened lower Monday, weighed down by a moderate fall on Wall Street late last week and growing concerns over the impact of the spread of the Omicron coronavirus variant on the global economy.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average declined 272.96 points, or 0.97 percent, from Friday to 27,756.61. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 11.53 points, or 0.59 percent, at 1,946.33.

Decliners were led by service, information and communication and insurance issues.

At 9 a.m., the dollar fetched 113.04-05 yen compared with 112.80-90 yen in New York and 113.37-38 yen in Tokyo at 5 p.m. Friday.

The euro was quoted at $1.1304-1304 and 127.78-82 yen against $1.1305-1315 and 127.58-68 yen in New York and $1.1293-1294 and 128.03-07 yen in Tokyo late Friday afternoon.