TOKYO (Thomson Financial) - Japanese shares were lower in early trade on Monday following steep declines on Wall Street after weak personal income and consumer spending data revived worries about the health of the world's largest economy.
A stronger yen may also weigh on investor sentiment. The dollar was last quoted at 108.45 yen, down from the 108.79-81 yen levels late on Friday.
Stocks were lower almost across the board as investors cashed in profits after the Nikkei gained more than 300 points in the previous session.
At 0010 GMT, the Nikkei 225 Stock Average was down 158.49 points or 1.2 percent at 12,914.38. The broader Topix was 16.20 points or 1.3 percent lower at 1,238.51.
($1=108.45 yen)
masami.hachisu@thomsonreuters.com - hm/ng COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
A stronger yen may also weigh on investor sentiment. The dollar was last quoted at 108.45 yen, down from the 108.79-81 yen levels late on Friday.
Stocks were lower almost across the board as investors cashed in profits after the Nikkei gained more than 300 points in the previous session.
At 0010 GMT, the Nikkei 225 Stock Average was down 158.49 points or 1.2 percent at 12,914.38. The broader Topix was 16.20 points or 1.3 percent lower at 1,238.51.
($1=108.45 yen)
masami.hachisu@thomsonreuters.com - hm/ng COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
© 2008 AFX News
