Tokyo stocks open lower as exporters hit by stronger yen

Tokyo stocks opened slightly lower Tuesday as investors sold some export-related issues due to the strength of the yen against the U.S. dollar.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 86.47 points, or 0.31 percent, from Monday to 27,612.78. The broader Topix index was down 2.59 points, or 0.13 percent, at 1,940.62.

On the top-tier Prime Market, decliners were led by marine transportation, miscellaneous product, and precision instrument issues.

At 9 a.m., the dollar fetched 136.38-41 yen compared with 136.60-70 yen in New York and 136.40-41 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.0221-0225 and 139.39-48 yen against $1.0214-0224 and 139.61-71 yen in New York and $1.0192-0194 and 139.02-06 yen in Tokyo late Monday afternoon.

© Kyodo News