TOKYO: Tokyo stocks sank at the open on Wednesday as investors shunned risk after fresh data that showed US inflation remains stubbornly high triggered Wall Street selloffs. The benchmark Nikkei 225 index dropped 2.80 percent, or 799.83 points, to 28,814.80 in early trade, while the broader Topix index fell 2.02 percent, or 40.22 points, at 1,946.35. 'The Tokyo market will be risk-off' after the Dow fell 3.9 percent overnight, marking the largest drop in more than two years, Okasan Online Securities said.

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