Tokyo stocks open mixed on Wall St. gains, firm yen

Tokyo stocks opened mixed Wednesday as gains tracking a positive close overnight on Wall Street were offset by the yen firming against the U.S. dollar amid speculation monetary tightening will be less aggressive in the United States.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 127.19 points, or 0.46 percent, from Tuesday to 27,558.28. The broader Topix index was up 0.81 point, or 0.04 percent, at 1,984.21.

Gainers were led by mining, oil and coal products, and textiles and apparels, while decliners included iron and steel, nonferrous metals, and information and communication.

At 9 a.m., the dollar fetched 131.04-07 yen compared with 131.04-14 yen in New York and 132.15-17 yen in Tokyo at 5 p.m. Tuesday.

The euro was quoted at $1.0729-0733 and 140.59-68 yen against $1.0724-0734 and 140.57-67 yen in New York and $1.0724-0725 and 141.72-76 yen in Tokyo late Tuesday afternoon.

© Kyodo News