Japan’s Nikkei index slumps more than 3% at open

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TOKYO: Tokyo stocks tumbled at the start of trade on Monday, following losses on Wall Street as a stronger yen hurt exporters after trading resumed following a public holiday.

The Nikkei 225 index at the Tokyo Stock Exchange slumped 3.37 percent, or 562.10 points, to 16,103.95 shortly after the opening bell, while the broader Topix index of all first-section shares lost 3.18 percent, or 42.68 points, to 1,297.87.