Tokyo stocks open 0.34 percent down

TOKYO – Tokyo stocks opened down 0.34 percent on Monday after the Greek prime minister George Papandreou agreed to step down to allow a coalition government to be formed.

The Nikkei index at the Tokyo Stock Exchange opened down 29.58 points at 8,771.82.

The euro bought $1.3777 and 107.68 yen in early Asian trade on Monday, marginally down from $1.3788 and 107.89 yen in New York late Friday.