The Business Times

Tokyo: Stocks open 1.14% lower on strong yen

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Published Mon, Jan 16, 2023 · 08:20 AM
    • The Nikkei 225 index was down 1.14 per cent, or 297.98 points, at 25,821.54 in early trade on Monday.
    • The Nikkei 225 index was down 1.14 per cent, or 297.98 points, at 25,821.54 in early trade on Monday. PHOTO: AFP

    TOKYO stocks opened lower on Monday as the yen strengthened against the dollar, following rallies on Wall Street where investors speculated that the Fed may slow its rate hikes.

    The benchmark Nikkei 225 index was down 1.14 per cent, or 297.98 points, at 25,821.54 in early trade, while the broader Topix index lost 0.62 per cent, or 11.89 points, to 1,891.19. AFP

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