1 February 2001, 09:19  Japan stocks open lower, Fed's decision discounted

Tokyo--Feb. 1--Tokyo shares opened lower, dragged down by technology issues after the Nasdaq's decline overnight and following an expected 50-basis-point cut by the Federal Reserve. At 0916 JT, The Nikkei 225 Stock Average was 113.27 points, or 0.8% lower at 13,730.28, the Nikkei 225 Mar futures contract was down 120 at 13,740 on the Osaka Securities Exchange and the Tokyo Stock Price Index (TOPIX) fell 0.9%, or 11.97 points to 1,288.26.

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