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Tokyo stocks open down 1.12%

Published on May 7, 2014 9:53 AM

TOKYO (AFP) - Tokyo stocks opened post-holiday trading down 1.12 per cent on Wednesday after the yen's gains against the dollar and falls on Wall Street.

The Nikkei 225 index lost 161.26 points to 14,296.25 at the open.

Tokyo markets were closed for Monday and Tuesday for national holidays.

The dollar was at 101.70 yen early Wednesday, hardly changed from 101.73 yen in New York Tuesday afternoon but down from 102.36 yen in Tokyo on Friday before the Japanese holidays.

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