Tokyo stocks lose ground at opening over tech losses
Sep 09, 2024
Tokyo [Japan], September 9: Tokyo stocks saw significant losses on Monday morning as tech shares plunged tracking Wall Street declines, pared by the yen's strength against the U.S. dollar.
The benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, briefly plunged over 3 percent and lost 1,045.51 points, or 2.87 percent, from Friday to 35,345.96 in the first 15 minutes of trading.
The broader Topix index, meanwhile, was down 67.88 points, or 2.61 percent, at 2,529.54.
Following the weakness in U.S. tech shares late last week, value-laden semiconductor-related stocks such as Tokyo Electron were sharply lower in the Tokyo market, pushing the Nikkei Stock Average lower.
On the top-tier Prime Market, over 90 percent of stocks were falling in price.
During the morning session, Lasertec, Toyota Motor and TEPCO Holdings were extending their losses
Source: Xinhua
