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Tokyo shares open sharply lower

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(Globalpost/GlobalPost)

Tokyo stocks opened 2.91 percent lower on Monday following a rollercoaster session at the end of last week and a 7.3 percent drop the day before.

The Nikkei fell 424.65 points to 14,187.80 in the first minutes of trading after volatile sessions on Thursday and Friday saw the headline index move more than 1,000 points.

"The Nikkei may... move sideways thereafter as investors lack specific trading cues," Hiroshi Nishi, general manager of equities at SMBC Nikko Securities, told Dow Jones Newswires.

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http://www.globalpost.com/dispatch/news/afp/130526/tokyo-shares-open-sharply-lower