Tokyo stocks open 0.22% lower

Tokyo stocks opened lower on Monday after US shares were dragged down by weakness in oil-linked equities.

The Nikkei 225 index at the Tokyo Stock Exchange lost 45.03 points, or 0.22 percent, to 20,540.21 at the start.

On Wall Street, stocks closed lower Friday following poor earnings from ExxonMobil and Chevron and a fall in oil prices.

The Dow Jones Industrial Average slipped 0.31 percent, while the broad-based S&P 500 dropped 0.22 percent. The tech-rich Nasdaq Composite Index edged down 0.01 percent.

ExxonMobil shed 4.6 percent after reporting net income fell by 52.3 percent year-on-year to $4.2 billion in the second quarter. Chevron lost 4.9 percent as it reported about a 90 percent drop in profits to just $571 million.

Analysts also said US shares slipped on a surprisingly weak report on US worker pay.

In Tokyo forex trade, the dollar was at 124.06 yen early Monday compared with 123.91 yen in New York late Friday.

The euro bought $1.0976 and 136.06 yen against $1.0984 and 136.10 yen in US trade.

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