TOKYO – Tokyo stocks opened lower today on profit-taking after falls on Wall Street with United States president-elect Joe Biden’s US$1.9 trillion (RM7.6 trillion) stimulus plan largely priced in.
The benchmark Nikkei 225 index was down 1.06%, or 302.08 points, at 28,217.10 in early trade, while the broader Topix index slipped 0.63%, or 11.66 points, to 1,844.95.
“Investors are seen disheartened by falls in US shares” on profit-taking, said Mizuho Securities.
Eyes are also on China’s gross domestic product growth data for the October-December quarter, due during late-morning trade in Tokyo, said the firm.
The dollar fetched ¥103.90 (RM4.05) in early Asian trade, against ¥103.86 in New York late Friday.
Among the major shares in Tokyo, Sony was down 0.90% at ¥10,465 and Canon slipped 1.38% at ¥2,217.5.
Uniqlo casual wear operator Fast Retailing was down 0.67% at ¥90,380.
On Wall Street, the Dow ended down 0.6% at 30,814.26 points. – AFP, January 18, 2021
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