Tokyo stocks open lower on Wall St. fall ahead of Fed meeting

© Kyodo News

Tokyo stocks were lower in early trading Monday as sentiment was dampened by Wall Street falls late last week with investors remaining cautious ahead of the upcoming two-day U.S. Federal Reserve policy meeting.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 230.69 points, or 0.84 percent, from Friday to 27,291.57. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 16.53 points, or 0.86 percent, at 1,910.65.

Decliners were led by precision instrument, electric appliance and securities house issues.

At 9 a.m., the dollar fetched 113.77-80 yen compared with 113.64-74 yen in New York and 113.86-87 yen in Tokyo at 5 p.m. Friday.

The euro was quoted at $1.1341-1342 and 129.03-07 yen against $1.1337-1347 and 128.92-129.02 yen in New York and $1.1328-1329 and 128.98-129.02 yen in Tokyo late Friday afternoon.