Tokyo stocks open lower on profit-taking

Tokyo stocks open lower on profit-takingTokyo - Tokyo stocks opened lower Thursday as investors sold shares to lock in profits from previous day's gains.

The Nikkei 225 Stock Average, which gained more than 2 per cent the previous day, ended morning trading at 13,093.89, down 161 points, or 1.21 per cent.

The broader Topix index of all first-section issues was also down 19.89 points, or 1.56 per cent, at 1,257.38.

On currency markets at 9 am (0000 GMT), the dollar was quoted at 109.47-52 yen, up from Wednesday 5 pm quote of 108.32-33 yen.

The euro was quoted at 1.5421-26 dollars, down from Wednesday's 5 pm quote of 1.5496-98 dollars, and at 168.85-90 yen, up from 167.86-90 yen. (dpa)

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