Tokyo stocks close lower on profit-taking after market's rise

Xinhua
15 Sep 2020, 14:00 GMT+10

TOKYO, Sept. 15 (Xinhua) -- Tokyo stocks closed lower Tuesday as the yen's strength against the U.S. dollar coupled with the market's rise to a seven-month high the previous day prompted investors to lock in gains rather than chase the upside further.

The 225-issue Nikkei Stock Average dropped 104.41 points, or 0.44 percent, from Monday to close the day at 23,454.89.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 10.26 points, or 0.62 percent, to finish at 1,640.84.

Iron and steel, air transportation and mining-oriented issues comprised those that declined the most by the close of play.

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