TOKYO, Dec 10 ― Tokyo stocks opened lower today after US shares snapped a three-day rally and investors awaited a key US inflation report due later in the day.
“An impressive jobless claims report could not overcome rising risks to the short-term outlook that stem from virus jitters and fears of an aggressive” tapering of the US Federal Reserve's easing programme, said Edward Moya, senior market analyst at Oanda, in a note. Tokyo investors are also moving to lock in profits after recent rallies and ahead of a major settlement date Friday of futures and options trade, analysts said.In Tokyo, Hitachi was up 1.56 per cent at ¥6,501 after an announcement the Japanese engineering firm and France's Alstom will build 54 trains for Britain's new high-speed rail lines, in a deal worth almost £2 billion .