Tokyo: Stocks open flat

[TOKYO] Tokyo stocks opened flat on Friday as risk aversion grew due to deadlocked talks over a Greek bailout.

The Nikkei 225 index at the Tokyo Stock Exchange slipped 0.06 per cent, or 12.97 points, to 20,758.43 at the start.

The Dow Jones Industrial Average dropped 0.42 per cent Thursday on worries over a possible Greek debt default at the end of the month.

Greece and its international creditors again failed to break the deadlock in emergency talks, raising the prospect of a messy Greek exit from the eurozone.

The euro bought $1.1205 and 138.44 yen early Friday compared with $1.1206 and 138.53 yen in New York late Thursday.

The dollar was at 123.58 yen against 123.62 yen in US trade, hardly changed after the Japanese government released a spate of economic data including upbeat household spending figures.

AFP