%20(3).png){kind=small}
![TFD [LOGO] (10).png](https://static.wixstatic.com/media/bea252_c1775b2fb69c4411abe5f0d27e15b130~mv2.png/v1/crop/x_150,y_143,w_1221,h_1193/fill/w_179,h_176,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/TFD%20%5BLOGO%5D%20(10).png)
Tokyo Stocks Dip On Fears Of Ukraine Invasion
- By The Financial District
- Feb 22, 2022
- 2 min read
Tokyo stocks were lower Monday morning on fears that Russia will launch an invasion of Ukraine after the United States said Moscow was on the brink of an attack, Mainichi Japan reported.
Photo Insert: The Tokyo Stock Exchange trading room
Words
The 225-issue Nikkei Stock Average fell 196.06 points, or 0.72 percent, from Friday to 26,926.01.
The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 12.73 points, or 0.66 percent, at 1,911.58. Decliners were led by marine transportation, land transportation, and metal product issues.
The US dollar was somewhat weak around the 115 yen line as investors sought the perceived safety of the yen amid geopolitical uncertainty in Ukraine, dealers said. At noon, the dollar fetched 114.97-99 yen compared with 114.95-115.05 yen in New York and 115.11-13 yen in Tokyo at 5 p.m. Friday.
The euro was quoted at $1.1355-1359 and 130.55-62 yen against $1.1315-1325 and 130.25-35 yen in New York and $1.1370-1371 and 130.88-92 yen in Tokyo late Friday afternoon. Toyota Motor fell 12.5 yen, or 0.6 percent, to 2,171.5 yen, Mazda Motor declined 15 yen, or 1.6 percent, to 918 yen, while Honda Motor dropped 29 yen, or 0.8 percent, to 3,658 yen.
Taiko Pharmaceutical sank 44 yen, or 6.7 percent, to 617 yen, after the firm reported Friday a net loss of 9.6 billion yen for the business year ended December, compared with a profit of 3.9 billion yen the previous year, due to a drop in demand for its hygiene products.
Tokyo stocks shot lower at the opening, briefly dragging the Nikkei index down over 2 percent after Russian troops extended their military drills in the neighboring country of Belarus, and US Secretary of State Antony Blinken said Sunday that Moscow was "on the brink" of an invasion.
"An offensive into Ukraine is not expected to have a direct impact on corporate profits, but it may hike up already elevated crude oil prices and thereby hurt revenue," said Koichi Fujishiro, a senior economist at the Dai-ichi Life Research Institute.
