Tokyo stocks open lower on rising coronavirus cases in Europe

©Kyodo News

Tokyo stocks opened lower Wednesday as rising coronavirus cases in Europe triggered concerns about a slowdown in the global economic recovery from the pandemic.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average shed 338.36 points, or 1.17 percent, from Tuesday to 28,657.56. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 23.00 points, or 1.17 percent, at 1,948.48.

Decliners were led by air transportation, mining and marine transportation issues.

At 9 a.m., the dollar fetched 108.53-54 yen compared with 108.52-62 yen in New York and 108.76-77 yen in Tokyo at 5 p.m. Tuesday.

The euro was quoted at $1.1840-1841 and 128.51-55 yen against $1.1845-1855 and 128.61-71 yen in New York and $1.1904-1906 and 129.47-51 yen in Tokyo late Tuesday afternoon.