25 January 2005, 09:59  Tokyo Stocks Edge Down After Wall Street's Slump; Dollar Slightly Up Against Yen

Tokyo stocks edged down Tuesday morning after Wall Street's slump. The dollar was slightly higher against the Japanese yen.
The benchmark Nikkei Stock Average of 225 selected issues lost 55.85 points, or 0.49 percent, to 11,233.64 points at the end of morning trade. The Nikkei rose 51.12 points, or 0.50 percent, on Monday.
The dollar bought 102.82 yen at 11 a.m. Tuesday, up 0.03 yen from late Monday and also above the 102.62 yen it bought in New York later that day.
On the stock market, investors sold high technology issues following the Nasdaq composite index's fall Monday in New York due to concerns about a slowing second-quarter earnings outlook from Germany-based chipmaking giant Infineon Technologies AG.
Advantest Corp., Canon Inc., and Tokyo Electron Ltd. were among losers Tuesday morning.
The Dow Jones industrials lost 24.38, or 0.23 percent, to 10,368.61. The tech-heavy Nasdaq dropped 25.57, or 1.26 percent, to 2,008.70.
In Tokyo Tuesday morning, the broader TOPIX, or the index of all issues on the Tokyo Stock Exchange's first section, fell 4.47 points, or 0.39 percent, to 1,134.71 points. The TOPIX added 7 points, or 0.62 percent, the day before.
In currencies, the dollar was little changed after its range-bound trading Monday in New York.
The euro dipped to $1.3016 Tuesday morning in Tokyo from $1.3084 late Monday. Against the Japanese currency, the euro was down at 133.74 yen from 134.60 yen.
The yield on Japan's benchmark 10-year government bond dipped to 1.3350 percent from Monday's finish of 1.3500 percent. Its price rose 0.13 to 100.56 points.

© 1999-2024 Forex EuroClub
All rights reserved