Tokyo stocks turn lower on profit-taking
Tokyo stocks fell back Monday, hit by broad-based profit-taking selling.
The 225-issue Nikkei average of the Tokyo Stock Exchange dropped 289.33 points, or 0.99%, to close at 28,860.08, after soaring 600.40 points Friday.
The Topix index of all TSE first section issues finished down 24.46 points, or 1.26%, at 1,922.98, following a 36.42-point rise the previous trading day.
Players moved to sell stocks from the outset to lock in gains after Friday’s surge.
The market sank deeper in negative terrain…
