TOKYO, Oct 16, 2020 (BSS/AFP) – Tokyo stocks opened lower on Friday,
tracking falls on Wall Street as investors closely watched corporate earnings
reports.
The benchmark Nikkei 225 index was down 0.13 percent or 30.03 points at
23,477.20 in early trade, while the broader Topix index slipped 0.27 percent
or 4.43 points to 1,627.36.
“Japanese shares are seen moving in a narrow range” after the Nikkei index
slipped in the previous session before falls on Wall Street, while investors
were cautiously watching corporate earnings reports, Okasan Online Securities
said in a commentary.
The dollar fetched 105.38 yen in early Asian trade, against 105.42 yen in
New York.
Uniqlo casual wear operator Fast Retailing rallied 4.67 percent to 73,710
yen after the company forecast profits growing this fiscal year slightly
beyond analysts’ expectations.
Among other shares, Toyota was down 0.61 percent at 6,871 yen and Sony was
down 2.02 percent at 7,600 yen.
On Wall Street, the Dow ended down 0.1 percent at 28,494.20.