Tokyo: Stocks open 0.39% lower
[TOKYO] Tokyo stocks fell 0.39 per cent early Friday as US shares declined consecutively for three days on weak corporate earnings.
The Nikkei 225 index at the Tokyo Stock Exchange lost 80.32 points to 20,603.63 at the start.
On Thursday, Wall Street stocks dropped for a third straight day on the back of disappointing earnings from major players including Caterpillar and American Express.
The Dow Jones Industrial Average fell 0.67 per cent. The broad-based S&P 500 dropped 0.57 per cent, while tech-rich Nasdaq Composite Index lost 0.49 per cent.
American Express slid 2.5 per cent, while Caterpillar declined by 3.6 per cent following earnings reports.
In Tokyo forex trade, the dollar was at 123.92 yen early Friday, slightly up from 123.90 yen in New York late Thursday.
The euro edged up to US$1.0990 and 136.14 yen from US$1.0985 and 136.10 yen in US trade.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%
Oil jumps, equities fall as Iran blasts fan Middle East tensions