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

Xinhua
15 Sep 2020, 18:30 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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

32 ℃

Mostly Cloudy in Seletar

International Business

Section

More than 100 million Americans to lose use of WeChat, TikTok apps

The Trump administration issued a sweeping ban Friday that will begin barring downloads and use of the Chinese-owned mobile apps ...

Nvidia promises to keep Arm brand, keep it neutral

Arm, the Cambridge-based microchip designer is a British tech success story. The firm designs software and semiconductors that are used ...

Interest rates in U.S. to remain low for next three years, says Fed

Interest rates are expected to stay at or near zero through 2023, the Federal Reserve said Wednesday.Announced as the U.S. ...

An uncertain future for migrant workers, in a post-pandemic world

Gary Ryhhart, Senior Specialist on Employers' Activities, ILO, by Gary RyhnartGary Rynhart: When COVID-19 spread around the world, many migrants ...

Trump Administration Announces Bans of TikTok, WeChat

The Trump administration issued a sweeping ban Friday that will begin barring downloads and use of the Chinese-owned mobile apps ...

Graft Alleged as Kenya's Fight Against COVID-19 Struggles

NAIROBI - Organizations have contributed aid worth more than $2 billion to help Kenya's in its fight against COVID-19. But ...

Construction

Section