Tokyo stocks open lower on Wall St. decline, focus on Fed outcome

Tokyo stocks opened lower Wednesday, weighed down by an overnight fall on Wall Street, with a cautious mood prevailing ahead of the outcome of a U.S. Federal Reserve Policy meeting later in the day.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 267.33 points, or 0.97 percent, from Tuesday to 27,421.09. The broader Topix index was down 15.59 points, or 0.80 percent, at 1,931.68.

On the top-tier Prime Market, decliners were led by electric power and gas, transportation equipment, and machinery issues.

At 9 a.m., the dollar fetched 143.57-60 yen compared with 143.66-76 yen in New York and 143.46-48 yen in Tokyo at 5 p.m. Tuesday.

The euro was quoted at $0.9971-9972 and 143.15-20 yen against $0.9963-9973 and 143.32-42 yen in New York and $1.0035-0036 and 143.97-144.01 yen in Tokyo late Tuesday afternoon.

© Kyodo News