INQUIRER.net: Japanese stocks open 1.09 percent lower

INQUIRER.net Philippine News for Filipinos

Japanese stocks open 1.09 percent lower Mar 22nd 2013, 03:02 TOKYO--Tokyo stocks opened 1.09 percent lower on Friday due to uncertainty over the Cyprus banking crisis and a higher yen. The Nikkei 225 index at the Tokyo Stock Exchange was down 137.18 points to 12,498.51 at the start. "The heightened jitters over Cyprus, the stronger yen, coupled with across-the-board falls in US and European stock bourses, will send Japan shares down," SMBC Nikko Securities general manger of equities Hiroichi Nishi told Dow Jones Newswires. US stocks fell after the European Central Bank said it would halt emergency funding to Cyprus' banks unless the country reaches a bailout deal by Monday. The Cyprus crisis has revived concerns about eurozone stability. ... Keep on reading: Japanese stocks open 1.09 percent lower Media files: asian-Markets-japan.jpg (image/jpeg)

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