TOKYO: Tokyo stocks opened lower on Wednesday as the yen edged up against the dollar, weighing on Japanese exporters. The dollar was down at 113.65 yen, compared with 113.95 yen in New York on Tuesday and 114.42 yen in Tokyo on Tuesday. “Japanese stocks will see sales-dominated trading following the end of a cheaper yen period,” said Okasan Online Securities strategist Yoshihiro Ito in a commentary. In Tokyo, automakers were lower with Toyota trading down 1.30 percent at 6,181 yen and Nissan slipping 0.47 percent at 1,149 yen. Financials also fell, with Mitsubishi UFJ retreating 1.13 percent at 742 yen, its rival SMFG down 1.00 percent at 4,334 yen and brokerage house Nomura falling 0.41 percent at 667 yen.

Source: Manila Times July 12, 2017 01:18 UTC