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Tokyo stocks open higher on profit-taking

Business Materials 4 April 2008 08:02 (UTC +04:00)

( dpa ) - Tokyo stocks opened lower Friday as investors locked in profits from the previous day's gains.

The Nikkei 225 Stock Average lost 90.92 points, or 0.68 per cent, to 13,298.98. The key index gained more than 200 points at the end of Thursday trading.

The broader Topix index of all first-section issues was also down 5.85 points, or 0.45 per cent, to 1,293.79.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 102.40-45 yen, down from Thursday's 5 pm quote of 102.66-69 yen.

The euro was quoted at 1.5659-64 dollars, up from Thursday's 5 pm quote of 1.5625-28 dollars, and at 160.37-42 yen, down from 160.44-48 yen.

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