Tokyo stocks open weaker

Business News

Sep 4, 2008, 2:46 GMT

Tokyo - Tokyo stocks opened weaker Thursday, dragged down by technology and shipping titles. The benchmark Nikkei 225 Stock Average fell 45.37 points, or 0.36 per cent, to 12,644,22. The broader Topix index of all first-section issues was also down 6.22 points, or 0.51 per cent, to 1,214,33. Japanese glassmakers and shipping companies fell, after forecasts of slowing orders for television screens and freight rates for commodities. On currency markets at 9 am (0000 GMT), the dollar was quoted at 108.29-34 yen, from Wednesday's 5 pm quote of 100,90-91 yen. The euro was quoted at 1.4514-19 dollars, up from Wednesday's 5 pm quote of 1.4420-21 dollars, and at 157.20-25 yen, from 157.04-08 yen.

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