Tokyo stocks open lower after U.S. tech issues decline

Tokyo stocks opened lower Monday, weighed down by a drop in high-tech issues in New York late last week.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 123.62 points, or 0.44 percent, from Friday to 28,159.41. The broader Topix index was down 6.35 points, or 0.31 percent, at 2,011.65.

On the top-tier Prime Market, decliners were led by iron and steel, nonferrous metal, and mining issues.

At 9 a.m., the dollar fetched 139.34-37 yen compared with 139.11-21 yen in New York and 138.78-81 yen in Tokyo at 5 p.m. Friday.

The euro was quoted at $1.0366-0370 and 144.44-53 yen against $1.0397-0407 and 144.61-71 yen in New York, and $1.0409-0410 and 144.47-51 yen in Tokyo late Friday afternoon.

© Kyodo News