Tokyo stocks fall more than 2 per cent on profit-taking
( dpa ) - Tokyo stocks fell more than 2 per cent Monday as investors dumped shares to lock in profits from Friday's gains amid lingering worries about the US economy and a stronger yen.
The Nikkei 225 Stock Average lost 354.23 points, or 2.6 per cent, to 13,274.93. The key index soared more than 4 per cent at the end of Friday.
The broader Topix index of all first-section issues was also down 36.41 points, or 2.71 per cent, at 1,308.36.
On currency markets at 9 am (0000 GMT), the dollar was quoted at 106.70-75 yen, down from Friday's 5 pm quote of 107.63-65 yen.
The euro was quoted at 1.4688-93 dollars, down from Friday's 5 pm quote of 1.4757-59 dollars, and at 156.75-80 yen, down from 158.84-88 yen.