/www.fxserver.com/ TOKYO (AP) -- Tokyo stocks opened lower Tuesday while traders awaited details of a government plan to clear bad loans from Japan's banking system. Shares also were weighed down after Texas Instruments clouded the high-technology outlook by saying it expected slower growth.
The dollar was down against the Japanese yen.
The benchmark 225-issue Nikkei Stock Average fell 8.90 points, or 0.10 percent, to 8,969.51 at the market opening Tuesday. On Monday, the Nikkei fell 107.72 points, or 1.19 percent, to close at 8,978.41.
The dollar was trading at 124.78 yen at 9 a.m. Tuesday, down 0.10 yen from late Monday in Tokyo. It was also below its late New York level of 124.90 yen
In New York Monday, the Dow Jones industrial average closed up 215.84, or 2.6 percent, at 8,538.24 as investors continued to cheer positive earnings from major companies such as Citigroup, IBM, and General Motors.
But the upbeat outlook for corporate profits was tempered after Monday trading wrapped up on Wall Street, when Texas Instruments said it expected its revenue to increase only 10 percent in the October-to-December period. This signaled a sharp slowdown in growth from the third quarter and hampered high-technology issues in Tokyo.
Local investors were also taking a cautious approach to stocks ahead of the formal release later Tuesday of the government's plan to accelerate bad loan disposals.
The Tokyo Stock Price Index of all issues on the first section declined 0.34 point, or 0.04 percent, to 888.74 at the beginning of trade Tuesday. The TOPIX declined 4.87 points, or 0.54 percent, to end at 889.08 Monday.
The euro traded at 121.60 yen, down from 121.73 yen late Monday in Tokyo. Against the dollar, the euro was quoted at 97.36 cents, up from 97.05 cents.
The yield on the benchmark 10-year government bond rose to 1.0750 early Tuesday from 1.0650 late Monday. Its price declined 0.09 to 101.11.