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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