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Tokyo: Stocks open 0.18% lower


[TOKYO] Tokyo stocks opened 0.18 per cent lower on Tuesday after the yen strengthened against the dollar in a negative move for Japanese exporters.

The Nikkei 225 index at the Tokyo Stock Exchange, which finished at a fresh 15-year high on Monday, slipped 35.37 points to 19,718.99 at the start.

The dollar fell on Monday on speculation that the Federal Reserve will not be in a hurry to raise interest rates.

The dollar was at 119.74 yen early Tuesday, hardly changed from 119.71 yen in New York late Monday but off 119.91 yen in Tokyo earlier Monday.

The euro was firm as the first round of talks in Berlin between the leaders of debt-mired Greece and Europe's biggest economy Germany ended with no open confrontation on Monday.

Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel urged an end to the vicious "stereotypes" and name-calling that have threatened to rip the eurozone apart.

The 19-nation currency bought US$1.0946 and 131.11 yen against US$1.0945 abd 131.02 yen in US trade.

In New York the Dow Jones Industrial Average dropped 0.06 per cent and the broad-based S&P 500 shed 0.17 per cent.


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