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Tokyo stocks open lower on Ukraine worries | Malay Mail

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TOKYO, Feb 21 — Tokyo stocks opened lower today as worries lingered over Ukraine tensions and US rate-hike plans. The benchmark Nikkei 225 index was down 1.39 per cent or 378.09 points at 26,743.98, while the broader Topix index slipped 1.24 per cent or 23.93 points to 1,900.38. “In addition to...

TOKYO, Feb 21 — Tokyo stocks opened lower today as worries lingered over Ukraine tensions and US rate-hike plans.

“In addition to intensifying tensions over Ukraine, investors are worried about uncertainties around US monetary policy,” Okasan Online Securities said.In Tokyo, Sharp nosedived 11.35 per cent to ¥1,165 after the company said it was starting talks to reacquire its LCD screen venture Sakai Display Products, a move seen by investors as amplifying risks.

Investment behemoth SoftBank Group said earlier this month that its sale of Arm to Nvidia had collapsed over competition concerns.

 

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