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Tokyo: Stocks dive at open as strong yen hits exporters

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[TOKYO] Tokyo stocks opened lower on Monday as exporters tanked on a surge in the yen after shockingly weak US jobs data, which essentially ruled out a Federal Reserve interest rate hike later this month.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange dived 1.62 per cent, or 268.91 points, to 16,373.32 in opening deals, while the broader Topix index of all first-section shares lost 1.49 per cent, or 19.90 points, to 1,317.33.


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