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Japan stocks open down


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TOKYO, Japan (Reuters) -- Japanese stocks opened lower on Wednesday, with Tokyo Electron Ltd. and other techs hit by the strong yen and a drop in the Nasdaq.

The U.S. Federal Reserve's decision to keep interest rates at 45-year lows was likely to provide little boost in Tokyo, as the move came in line with expectations and failed to provide any lasting momentum for Wall Street stocks.

As of 0008 GMT, the Nikkei average was down 0.95 percent at 10,027.85 after rising 0.79 percent on Tuesday, when robust machinery orders data offset pressure on exporters from the strong yen.

The broader TOPIX index eased 0.65 percent to 990.92 in early Wednesday trade.

Tokyo Electron, Japan's largest maker of equipment to manufacture semiconductors, was ask-only at 7,630 yen, down 200 yen or 2.55 percent from its Tuesday close.



Copyright 2003 Reuters. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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