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STOCKS-MARKETS-JAPAN-OPEN
Tokyo stocks open lower
TOKYO, Oct 5, 2018 (BSS/AFP) – Tokyo stocks opened lower on Friday, taking
a negative lead from New York where stocks sank on worries about the sharp
rise in US Treasury bond yields.
The benchmark Nikkei 225 index fell 0.79 percent or 189.52 points to
23,786.10 in early trade while the broader Topix was down 0.49 percent or
8.87 points at 1,792.32.
“Concerns over US interest rates triggered early profit-taking,” Toshikazu
Horiuchi, a broker at IwaiCosmo Securities, told AFP.
US stocks finished solidly lower, with the tech-rich Nasdaq slumping 1.8
percent and the Dow falling after hitting records the prior two days.
The declines came as the yield on the 10-year US Treasury bond rose to
3.20 percent after sharply increasing on Wednesday following a trove of
positive US economic data.
The dollar traded at 113.89 yen in early trade against 113.92 yen in New
York late Thursday.
Investors largely ignored a 2.8 percent jump in Japan’s household spending
in August announced shortly before the market opened.
They are now paying close attention to US September payroll figures,
dealers said.
BSS/AFP/HR/0918