Tokyo stocks open lower as Russia-Ukraine talks end without progress

© Kyodo News

Tokyo stocks opened lower Friday on deepening worries that the Ukraine crisis will be drawn out after the first face-to-face cease-fire talks between the foreign ministers of Russia and Ukraine ended without progress.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 279.13 points, or 1.09 percent, from Thursday to 25,411.27. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 19.51 points, or 1.07 percent, at 1,810.52.

Decliners were led by transportation equipment, precision instrument and electric appliance issues.

At 9 a.m., the dollar fetched 116.17-20 yen compared with 116.08-18 yen in New York and 115.92-94 yen in Tokyo at 5 p.m. Thursday.

The euro was quoted at $1.1011-1015 and 127.91-99 yen against $1.0983-0993 and 127.54-64 yen in New York and $1.1064-1066 and 128.26-30 yen in Tokyo late Thursday afternoon.