TOKYO, June 8 ― Tokyo stocks opened lower today after Wall Street shares lost steam following recent rallies.
Investors continue to weigh optimism about economic recovery against persistent inflation uncertainty and the implications for the US Federal Reserve's tapering of its monthly asset purchases. “Hopes for normalisation of economic activity with the progress of vaccination at home is supporting market sentiment, though a wait-and-see attitude will grow ahead of the release of the US consumer price index for May due on Thursday,” it added.Toyota was down 1.23 per cent at ¥9,795, and investment giant SoftBank Group was off 1.23 per cent at ¥8,053 but Uniqlo casual wear operator Fast retailing was up 0.43 per cent at ¥84,480.
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