Tokyo stocks open down 0.27%

Tokyo stocks opened 0.27 percent lower on Thursday as the recent strengthening of the yen weighed on export-oriented shares, dealers said.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange was down 28.33 points at 10,458.66 in the first minutes of trading.

"The Nikkei's topside is likely to be heavy as the recent yen weakening momentum abates, while the broader market is likely to be supported by a solid performance" in New York following strong earnings results from IBM, Yoshihiro Okumura, general manager of research at Chibagin Asset Management told Dow Jones Newswires.

The Dow Jones Industrial Average rose 67.12 points (0.49 percent) to 13,779.33, its highest level since October 2007.

On the currency market, the greenback was almost flat at 88.54 yen, compared with 88.56 yen in New York late Wednesday.

The euro slipped to 117.81 yen from 118.00 in New York and to $1.3305 from $1.3315.

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  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2527+0.0003+0.03%
    USDSGD=X
    1.7303+0.0001+0.01%
    EURSGD=X
    2.1032-0.0009-0.04%
    GBPSGD=X
    81.8559+0.0736+0.09%
    SGDJPY=X
    6.1905-0.0016-0.03%
    SGDHKD=X
    2.5868+0.0013+0.05%
    SGDMYR=X
    9,116.3828-2.4795-0.03%
    SGDIDR=X
    4.9689-0.0015-0.03%
    SGDCNY=X
    1.1686-0.0002-0.02%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.00-7.90-0.61%
    GCQ14.CMX
    19.60+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.05+0.02+0.51%
    HGK14.CMX
    104.30+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

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