Tokyo stocks open down 1.70%

Traders on the Tokyo Stock Exchange watch computer displays in Tokyo Monday, Aug. 14, 2006. Tokyo's stock markets finished a light trading day Monday, as low volumes lessened the impact of problems associated with the benchmark Nikkei 225 stock index's failure to update due to a technical glitch. A Tokyo-area power outage Monday morning caused a malfunction in the computer system that calculates the Nikkei indexes - including the benchmark Nikkei 225 - and led it to stop updating in the early afternoon, according to a statement from the Nihon Keizai business daily, which compiles and publishes the indexes. (AP Photo/Koji Sasahara)


Tokyo stocks opened 1.70 per cent lower Monday as government figures showed Japan’s July-September gross domestic production contracted for a second straight quarter and as the safe-haven yen strengthened following terrorist attacks in France.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange fell 332.95 points to 19,263.96 in opening deals, while the broader Topix index of all first-section shares opened down 1.67 per cent, or 26.49 points, to 1,559.34.