Tokyo Stocks Open Lower


With the investors' sentiments subdued by a stronger yen and growing tension over North Korea, the Tokyo stocks opened lower on Tuesday.

As reported in a national business daily, the US aircraft carrier strike group was moving toward the Korean peninsula, days after an American cruise missile strike on Syria, that was widely interpreted as putting Pyongyang on warning over its refusal to abandon its nuclear ambitions.

The yen firmed against the dollar, changing hands at 110.80 yen in early Asian trade, from 110.89 yen in New York, late Monday; and 117.37 yen against the euro, from 117.65 yen. The stronger yen is seen as an adverse factor for exporters because it can dent their profitability by lowering the value of overseas earnings.

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