Tokyo stocks open lower amid concern over global economic recovery

©Kyodo News

Tokyo stocks opened lower Wednesday amid continued concerns over the pace of global economic recovery from the coronavirus pandemic.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 119.79 points, or 0.51 percent, from Friday to 23,240.51. Japanese markets were closed Monday and Tuesday for national holidays.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 8.26 points, or 0.50 percent, at 1,638.16.

Decliners were led by mining, iron and steel, and real estate issues.

At 9 a.m., the dollar fetched 105.07-08 yen compared with 104.90-105.00 yen in New York Tuesday.

The euro was quoted at $1.1706-1707 and 123.00-01 yen against $1.1703-1713 and 122.81-91 yen in New York late Tuesday afternoon.