Tuesday, February 26, 2013
Nikkei Opens Sharply Lower On Yen's Rise Following Italy Vote
TOKYO (NQN)--Tokyo stocks opened sharply lower Tuesday, with the Nikkei Stock Average tumbling 212 points to begin the day at 11,449.
Wall Street skidded overnight on uncertainty over Italy's political developments following the country's general election. This prompted the dollar to fall to the lower-92 yen range and the euro to weaken to the upper-120 yen range. Investors are selling exporters and other blue chips to lock in gains.