Tokyo stocks open lower on concerns over Iraq, yen's rise
TOKYO (Kyodo) -- Tokyo stocks opened lower Friday, with investor sentiment sapped by concerns over the intensified tensions in Iraq and the dollar's fall into the upper 101 yen zone.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 99.89 points, or 0.67 percent, from Thursday to 14,873.64. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 6.39 points, or 0.52 percent, at 1,231.36.
Export-oriented automaker and high-tech shares led the declines while mining issues gained ground.