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​Tokyo stocks lose ground in morning on profit-taking, yen's rise weighs

Xinhua Financein TOKYO
2019-01-10 11:50

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Tokyo stocks lost ground on Thursday morning as investors opted to lock in profits after the market's recent run of gains, with the yen's rise against the U.S. dollar impacting exporters and further spurring profit-taking.

The 225-issue Nikkei Stock Average lost 285.13 points, or 1.40 percent, from Wednesday to 20,141.93.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, dropped 17.65 points, or 1.15 percent, at 1,517.46.

Chemical, oil and coal product, and nonferrous metal-linked issues comprised those that declined the most by the morning break.
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