AP NEWS
Related topics

Tokyo Stocks Open Down 85 Points

September 24, 2002

%mlink(STRY:; PHOTO:; AUDIO:%)

TOKYO (AP) _ Tokyo stocks opened lower Tuesday following a market holiday after a bleak day on Wall Street, where U.S. shares declined amid a worsening outlook for the economy. The dollar strengthened against the yen.

The benchmark 225-issue Nikkei Stock Average was down 84.66 points, or 0.89 percent, at 9,396.42 at the trading open Tuesday. The average fell 188.54 points, or 1.95 percent, to end at 9,481.08 Friday.

Tokyo markets were closed Monday for a national holiday.

The dollar was trading at 123.89 yen on the Tokyo foreign exchange market at 9 a.m. Tuesday, up 1.05 yen from late Friday, and its New York trading level late Monday of 123.79 yen.

The Dow fell 113.87, or 1.4 percent, to 7,872.15. The losses gave the index its third triple-digit decline in five sessions _ and put it just 169 points above its July 23 low of 7,702.34. The Nasdaq fell 36.16, or 3 percent, to 1,184.93, its lowest close in six years.

The broader Tokyo Stock Price Index opened 5.87 points lower, or 0.63 percent, at 920.91 Tuesday. The TOPIX lost 12.22 points, or 1.33 percent, to end at 908.41 Friday.

The euro traded at 120.94 early Tuesday, down from 121.05 yen late Friday, in Tokyo. Against the dollar, the euro was quoted at 97.69 cents, down from 98.81.

The yield on the benchmark 10-year government bond opened at 1.3350 percent, up from 1.3050 percent Friday. Its price was down 0.26 to 98.81.

___

On the Net:

Tokyo Stock Exchange: http://www.tse.or.jp

AP RADIO
Update hourly