Tokyo stocks close lower on pre-holiday profit taking
TOKYO(AFP) – Tokyo stocks closed lower on Wednesday as investors locked in profits ahead of a four-day holiday weekend in Japan.
The key Nikkei 225 index fell 0.58 percent, or 132.61 points, to end at 22,751.61 while the broader Topix index lost 0.62 percent, or 9.78 points, to 1,572.96.
Earlier, Tokyo stocks also opened lower on Wednesday with investors growing cautious over a higher yen.
Caution is needed for selling to square positions ahead of the four day holiday in Japan,” Okasan Online Securities said in a note. Tokyo markets are closed from Thursday to Sunday.
Global stock markets mostly rose Tuesday along with the euro as EU leaders clinched an agreement on what they boasted was a historic rescue plan.