Tokyo stocks open lower on Wall Street's falls

Tokyo Stock ExchangeTokyo - Tokyo stocks fell Wednesday as concerns over US financial markets grew after overnight falls on Wall Street and opposition from some US lawmakers to a bailout plan for the US financial industry.

The benchmark Nikkei 225 Stock Average dropped 140.19 points, or 1.16 per cent, to 11,950.4.

The broader Topix index of all first-section issues was also down 15.04 points, or 1.29 per cent, to 1,153.65.

The Bank of Japan on Wednesday injected 1.5 trillion yen (14.22 billion dollars) into the money markets to help free up credit in the wake of the US banking crisis.

The central bank's emergency operation was conducted for the sixth business day in a row after the US investment bank Lehman Brothers Holdings Inc filed for bankruptcy last week.

Its latest action brings to 14 trillion yen the amount of money it has injected into the markets.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 105.60-65 yen, down from Monday's 5 pm quote of 106.20-21 yen. The currency market was closed in Tokyo Tuesday for the autumnal equinox holiday.

The euro was quoted at 1.4682-87 dollars, up from Monday's 5 pm quote of 1.4557-58 dollars, and at 155.07-12 yen, up from 154.60-64 yen. (dpa)

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