Tokyo stocks open sharply lower following Wall Street plunge

©Kyodo News

Tokyo stocks opened sharply lower Thursday, tracking an overnight plunge in U.S. shares amid growing concerns about the coronavirus pandemic.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 237.33 points, or 1.02 percent, from Wednesday to 23,109.16. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 12.34 points, or 0.75 percent, at 1,631.91.

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

At 9 a.m., the dollar fetched 105.32-34 yen compared with 105.31-41 yen in New York and 104.97-98 yen in Tokyo at 5 p.m. Wednesday.

The euro was quoted at $1.1659-1659 and 122.80-81 yen against $1.1655-1665 and 122.79-89 yen in New York and $1.1694-1696 and 122.75-79 yen in Tokyo late Wednesday afternoon.