TOKYO stocks have opened 1.09 percent lower because of uncertainty about the Cyprus banking crisis and a higher yen.
The Nikkei 225 index at the Tokyo Stock Exchange was down 137.18 points to 12,498.51 at the start of trading on Friday.
"The heightened jitters over Cyprus, the stronger yen and across-the-board falls in US and European bourses will send Japan shares down," SMBC Nikko Securities general manger of equities Hiroichi Nishi told Dow Jones Newswires.
US stocks fell after the European Central Bank said it would halt emergency funding to Cyprus banks unless the country reached a bailout deal by Monday. The Cyprus crisis has revived concerns about eurozone stability.
The yen rose against the US dollar and the euro.
The US dollar fetched Y94.92 and Y122.48 in early Asian trade on Friday, compared with Y95.01 and Y122.58.
The euro bought $US1.2905, compared with $US1.2902.
On Thursday, new Bank of Japan (BoJ) governor Haruhiko Kuroda pledged to combat deflation with aggressive asset purchases.
SMBC's Nishi said: "Faith that the new BoJ leadership would be active in taking easing steps should keep stock prices reasonably well-supported, however."
Không có nhận xét nào:
Đăng nhận xét