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Tokyo stocks down

Business Materials 5 February 2009 07:43 (UTC +04:00)

Tokyo stocks ended Thursday morning trading lower, after investors sold shares to lock in profits from the previous day's gains amid spreading concerns over the Japanese economy, dpa reported.

The benchmark Nikkei 225 Stock Average fell 66.88 points, or 0.83 per cent, to 7,972.06. The index snapped a three-day losing streak Wednesday, rising more than 2 per cent to close above the 8,000 level.

But the market sentiment was dampened after a series of sluggish corporate earnings results and by the outlook at home and abroad.

The broader Topix index of all first-section issues was down 0.96 points, or 0.12 per cent, at 791.82.

On currency markets at 9 am (0000 GMT), the dollar traded at 89.43-48 yen, up from Wednesday's 5 pm quote of 88.87-89 yen.

The euro traded at 1.2851-56 dollars, down from late Wednesday's quote of 1.2981-83 dollars, and at 114.94-99 yen, down from 115.36-40 yen.

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