TOKYO: Tokyo stocks opened 0.84 percent lower on Thursday after a poor bond auction by debt-ridden Spain sparked new worries over the eurozone.
The Nikkei 225 index at the Tokyo Stock Exchange opened down 82.49 points at 9,737.50.
"Worries over the eurozone resurfaced overnight," said Tachibana Securities operating officer Kenichi Hirano.
"However, capital liquidity remains ample in the market, which supports stocks' performance, as tightened policy measures are unlikely," he told Dow Jones Newswires.
He added that "the situation isn't so bad", noting Wednesday's better-than-expected US jobs data from payroll company ADP.
On Wednesday a dreadful Spanish bond auction and the reluctance of the Federal Reserve to launch a fresh round of US stimulus sent Wall Street share prices tumbling.
The Dow Jones Industrial Average closed down 0.95 percent at 13,074.75, with banks leading the downward charge.
Before the US trading session Spain raised nearly 2.6 billion euros ($3.4 billion) at auction but was forced to pay higher rates amid fresh concerns over its strained public finances despite a tough budget.
The euro bought $1.3143 and 108.36 yen in early Asian trade, compared with $1.3141 and 108.35 yen in New York late Wednesday. The dollar was also flat, trading at 82.45 yen.
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