Nikkei hits 5-week low below 14,000 after Wall St losses
TOKYO (Kyodo) -- Tokyo stocks opened lower Wednesday, with the Nikkei index sliding to a five-week low below the 14,000 threshold following overnight falls in U.S. shares.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 48.37 points, or 0.34 percent, from Tuesday to 14,026.88, after briefly hitting 13,969.71, its lowest intraday level since April 15. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 4.00 points, or 0.35 percent, to 1,149.38.
The weak opening, led by losses in paper and real estate issues, came after the 30-issue Dow Jones Industrial Average ended Tuesday at a one-month low following disappointing earnings reports.