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Tokyo shares open lower on coronavirus resurgence fears

Tokyo Stock Exchange (Kyodo)

TOKYO (Kyodo) -- Tokyo stocks opened lower Friday as concerns over a continued increase in the number of new coronavirus infection cases in Japan and elsewhere clouded hopes for a quick recovery in the global economy.

    In the first 15 minutes of trading, the 225-issue Nikkei Stock Average lost 6.38 points, or 0.03 percent, from Thursday to 22,522.91. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 4.45 points, or 0.29 percent, at 1,552.79.

    Decliners were led by mining, securities house, and oil and coal product issues.

    At 9 a.m., the U.S. dollar fetched 107.24-28 yen, compared with 107.16-26 yen in New York and 107.24-25 yen in Tokyo at 5 p.m. Thursday.

    The euro was quoted at $1.1289-1289 and 121.06-10 yen against $1.1279-1289 and 120.88-98 yen in New York and $1.1336-1338 and 121.57-61 yen in Tokyo late Thursday afternoon.

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