Tokyo stocks open lower on concerns over rising COVID cases in Japan

© Kyodo News

Tokyo stocks opened lower in the final trading session of the year on Thursday on concerns that coronavirus infections in Japan may increase during the New Year holiday season and hurt the economy.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 260.48 points, or 0.90 percent, from Wednesday to 28,646.40. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 14.76 points, or 0.74 percent, at 1,984.23.

Decliners were led by air transportation, land transportation and electric appliance issues.

At 9 a.m., the dollar fetched 114.95-96 yen compared with 114.93-115.03 yen in New York and 114.88-89 yen in Tokyo at 5 p.m. Wednesday.

The euro was quoted at $1.1358-1362 and 130.57-59 yen against $1.1342-1352 and 130.45-55 yen in New York and $1.1300-1301 and 129.82-86 yen in Tokyo late Wednesday afternoon.