/www.fxserver.com/ TOKYO (AP) -- Tokyo stocks slipped at the open Thursday, pulled down by big losses on Wall Street amid gloomy expectations for first-quarter earnings. The dollar was higher against the Japanese yen.
The 225-issue Nikkei Stock Average opened down 28.81 points, or 0.36 percent, at 8,028.80 points. The index dropped 73.80 points, or 0.91 percent, Wednesday.
The dollar was trading at 120.18 yen at 9 a.m., up 0.42 yen from Wednesday in Tokyo but slightly below the 120.20 yen it bought in late New York trading.
Japanese exporter issues were under pressure following disappointing earnings released by U.S. companies this week, which have raised concerns about the profit outlooks of Japanese companies.
In New York Wednesday, investors' elation about a quick end to the war with Iraq dissolved into concerns about corporate profits.
The Dow Jones industrial average closed down 100.98, or 1.2 percent, at 8,197.94. The Nasdaq composite index dropped 26.20, or 1.9 percent, to 1,356.74.
Locally, the broader Tokyo Stock Price Index opened down 2.86 points, or 0.36 percent, at 798.31 Thursday. The TOPIX fell 1.45 points, or 0.18 percent, Wednesday.
The euro bought $1.0775, up from $1.0763 late Wednesday in Tokyo. Against the yen, the euro traded at 129.56 yen, up from 128.92 yen.
The yield on Japan's benchmark 10-year government bond rose to 0.6900 percent from 0.6800 percent. Its price fell 0.09 to 100.09.