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Tokyo: Stocks open lower on strong yen

Monday, March 27, 2017 - 08:35

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Economists are betting that India has seen the back of the impact of its unprecedented cash ban, prompting foreigners to pour in investment that's crucial to help bridge a widening current account deficit.

[TOKYO] Tokyo stocks opened lower on Monday on a strong yen while Toshiba soared following reports that its troubled US nuclear unit is likely to start bankruptcy restructuring proceedings later this week.

The benchmark Nikkei 225 index lost 0.92 per cent, or 177.13 points, to 19,085.40 in early trade, while the Topix index of all first-section issues was down 0.86 per cent, or 13.12 points, at 1,530.80.

AFP

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