Tokyo stocks fall in morning on concern over impact of US tariffs
The 225-issue Nikkei Stock Average fell 182.47 points, or 0.46 percent, from Friday to 39,628.41. The broader Topix index was down 12.59 points, or 0.45 percent, at 2,815.36.
The U.S. dollar was directionless, fluctuating between the lower and upper 144 yen range in Tokyo amid uncertainty over tariff negotiations between Japan and the United States, dealers said.
At noon, the dollar fetched 144.80-84 yen compared with 144.51-53 yen at 4 p.m. in London and 144.40-41 yen in Tokyo at 5 p.m. Friday.
The euro was quoted at $1.1766-1769 and 170.37-46 yen against $1.1769-1770 and 169.95-99 yen in Tokyo late Friday afternoon.
U.S. markets were closed Friday for a national holiday.
The Nikkei stock index was mostly lower as robotics company Yaskawa Electric plunged after revising down on Friday its earnings outlook for the business year through February, citing demand uncertainty due to higher U.S. tariffs.
The company ended the morning down 8.8 percent at 2,877 yen, while some other manufacturers also sold off.
Meanwhile, many investors took a wait-and-see stance as uncertainty lingered before a 90-day pause on the so-called reciprocal tariffs expires Wednesday.
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