Tokyo stocks down on profit-taking

Business Materials 31 October 2008 06:44 (UTC +04:00)

Tokyo stocks lost some of their recent gains Friday as investors tried to lock in profits, dpa reported.

The Nikkei 225 Stock Average, which gained nearly 10 per cent the previous day, lost 245.64 points, or 2.72 per cent, to 8,784.12.

The broader Topix index of all first-section issues was also down 15.49 points, or 1.72 per cent, at 883.88.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 98.77-82 yen, up from Thursday's 5 pm quote of 98.74-76 yen.

The euro was quoted at 1.2865-70 dollars, down from Thursday's 5 pm quote of 1.3211-12 dollars, and at 127.05-10 yen, down from 130.45-49 yen.