Tokyo stocks open lower tracking Wall Street slide

©Kyodo News

Tokyo stocks opened lower Friday, tracking an overnight slide in U.S. shares on continued concerns about increasing borrowing costs in the wake of a recent rise in U.S. bond yields.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average shed 297.72 points, or 1.03 percent, from Thursday to 28,632.39. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 15.21 points, or 0.81 percent, at 1,869.53.

Decliners were led by real estate, marine transportation and service issues.

At 9 a.m., the dollar fetched 107.95-96 yen compared with 107.92-108.02 yen in New York, where the U.S. currency briefly rose to an eight-month high of 107.98 yen, and 107.15-16 yen in Tokyo at 5 p.m. Thursday.

The euro was quoted at $1.1967-1967 and 129.18-19 yen against $1.1967-1977 and 129.22-32 yen in New York and $1.2052-2053 and 129.14-18 yen in Tokyo late Thursday afternoon.