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Tokyo stocks open 1.39% lower on huge selling pressure at Wall Street

Tokyo stocks open 1.39% lower on huge selling pressure at Wall Street

TOKYO: Tokyo stocks started 1.39 percent weaker at Tuesday morning after Wall Street shares remained under selling pressure,whereas the US dollar remained feeble vs the yen.
The Nikkei 225 index at the Tokyo Stock Exchange fell 236.98 points to 16,862.42 at the start.
“Weakness in oil prices is contributing to the Wall Street slump. Global markets are still in a correction phase, with Japan feeling the fallout,” SMBC Nikko Securities equities manager Hiroichi Nishi said.
“In thinly trade markets, volatility tends to be higher,” Nishi told Dow Jones Newswires.