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Tokyo stocks open lower as yen firms after Bernanke comment.

TOKYO, July 11 Kyodo

Tokyo stocks opened lower Thursday as the yen firmed versus the dollar, reacting to Federal Reserve Chairman Ben Bernanke's comment that the central bank's accommodative monetary policy would be needed for the foreseeable future.

At 9:15 a.m., the 225-issue Nikkei Stock Average was down 84.03 points, or 0.58 percent, from Wednesday at 14,332.57. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 8.47 points, or 0.71 percent, at 1,186.73.

Exporters including auto and machinery makers came under selling as the dollar slipped well below the 100 yen line, denting hopes of upbeat earnings outlooks, brokers said.
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Publication:Japan Weekly Monitor
Geographic Code:9JAPA
Date:Jul 15, 2013
Words:117
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