Nikkei slips as economic concerns, yen gains weigh

Sun Apr 6, 2008 8:09pm EDT
 
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TOKYO, April 7 (Reuters) - Japan's Nikkei share average opened down 0.4 percent on Monday, pushed down by a stronger yen and worries about the U.S. economy after the biggest monthly fall in jobs there in five years. Toyota Motor Co (7203.T: Quote, Profile, Research, Stock Buzz) and other automakers slipped, but oil field developer Inpex Holdings Inc (1605.T: Quote, Profile, Research, Stock Buzz) rose after crude oil prices gained on Friday.

At 0003 GMT the Nikkei was at 13,274.56, having shed 18.66 points for a loss of 0.14 percent. The broader TOPIX was nearly flat at 1,282.93. (Reporting by Elaine Lies)

 

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