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 TOKYO (AP) - Japan's benchmark Nikkei stock index opened lower Wednesday on selling in securities house and pharmaceutical issues. The dollar slipped against the yen and euro.
The Nikkei 225 index reopened after a national holiday to shed 46.30 points, or 0.28 percent, to 16,578.50 on the Tokyo Stock Exchange Wednesday. On Monday, the index gained 285.07 points, or 1.74 percent, to finish at 16,624.80 points — its highest close since Feb. 7.
Selling in brokerage and drug manufacturer stocks sent the Nikkei lower early Wednesday, while technology issues were mixed. However, traders said the index has a chance to rally once initial selling runs out of steam.
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