Tokyo: Tokyo stocks opened lower on Friday after two days of rallies as investors locked in profits
Tokyo: Tokyo stocks opened lower on Friday after two days of rallies as investors locked in profits while awaiting fresh global data for clues on growth in major economies.
The benchmark Nikkei 225 index was down 0.65 percent, or 141.81 points, at 21,674.38 in early trade, while the broader Topix index was down 0.40 percent, or 6.53 points, at 1,610.12.
“Japanese shares are receiving some support from the eventless… (European Central Bank) meeting, but trade lacks a sense of direction following mixed US stocks indexes and ahead of fresh economic indicators” in China and the United States later Friday, Okasan Online Securities said in a commentary.
