Tokyo  - Tokyo stocks opened lower Monday on worries over Japanese corporate earnings outlooks and the course of the US economy, sending the key Nikkei
225 Stock Average to a two-week low below 13,000 level.

The Nikkei index fell 133.53 points, or 1.02 per cent, to 12,961.06.

The broader Topix index of all first-section issues was also down 17.57 points, or 1.38 per cent, to 1,255.36.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.53-58 yen, up from Friday's 5 pm quote of 107.43-44 yen.

Tokyo - Tokyo stocks opened lower Monday on worries over Japanese corporate earnings outlooks and the course of the US economy, sending the key Nikkei 225 Stock Average to a two-week low below 13,000 level.

The Nikkei index fell 133.53 points, or 1.02 per cent, to 12,961.06.

The broader Topix index of all first-section issues was also down 17.57 points, or 1.38 per cent, to 1,255.36.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 107.53-58 yen, up from Friday's 5 pm quote of 107.43-44 yen.

The 30-share index, Sensex closed the week on a positive note on Friday (August 1) after gaining 300.94 points at 14,355.75 after touching a high of 14,369.59, while the broad-based NSE Nifty ended the week at 4,413.55, up 80.60 points, after hitting a high of 4,422.95.

Good buying action was seen across various sectors.

BSE Midcap and Smallcap index surged 0.24% and 0.21% respectively.

The overall market breadth was positive as it saw 1,551 advancements as compared to 1,108 declinations.

Indian stock markets continued its upward trend backed by lower than expected inflation numbers, encouraging worldwide signals and heavy buying action by funds.

Stocks, which pushed the benchmark index higher during the week, were Tata Steel that climbed 10.16%, HDFC surged 8.13%, RIL arose 7.10%, Wipro zoomed 6.47%, and BHEL was up by 6.14%.

In contrast, Reliance Com (13.18%), Maruti Suzuki (8.77%), Tata Motors (6.57%), Hindalco (5.82%) and NTPC (5.76%) were the major losers in the 30-share index.

After opening with a negative gap of 291.49 points at 14,064.26 on Friday (August 1), the 30-share index BSE Sensex climbed up 247.57 points towards the closing sessions.

Good buying action was witnessed across sectors.
 
BSE Midcap and Smallcap index closed the week on a positive note after gaining 0.24% and 0.21% respectively.

The stock market bells ringed depressing tones during the early sessions mainly on the back of worldwide signals.

New York - Stocks fell on Wall Street Friday pushed by billions in losses at largest US automaker General Motors, higher unemployment figures and rising oil prices.

GM lost 15.5 billion dollars, or 27.33 dollars per share, in the second quarter on the back of weak demand in the US car market spurred by soaring fuel prices and a weaker economy, the company said Friday from its headquarters in Detroit. The loss was worse than had been anticipated. In the same period last year, the company made a profit of 891 million dollars, or 1.56 dollars per share.