Financials News

Tokyo stocks open lower as Syria strike fears weigh

Tokyo stocks open lower as Syria strike fears weigh

Japan: Tokyo stocks opened lower on Thursday, weighed down by uncertainty over Syria as US President Donald Trump threatened military action in the war-torn country.

The benchmark Nikkei 225 index slipped 0.13 percent or 28.33 points to 21,658.77 in early trade while the broader Topix index was down also 0.13 percent, or 2.20 points, at 1,723.10.

The lower opening came after Wall Street stocks sagged as Donald Trump announced on Twitter that missiles “will be coming” in response to an alleged chemical attack in Syria.

“That missile tweet was sufficient to frighten the horses to some extent, dampening risk sentiment,” David de Garis, director of economics and markets at National Australia Bank, said in a client note.

The dollar was trading at 106.75 yen against 106.80 yen in New York Wednesday afternoon.

In Tokyo trade, carmakers were lower, with Toyota falling 1.50 percent to 6,742 yen and Honda losing 1.63 percent to 3,720 yen.

Japan Airlines was off 0.81 percent at 4,235 and ANA Holdings sank 0.57 percent to 4,171 yen.

AFP