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Companies & Markets

Tokyo: Stocks rally fizzles on profit-taking after Macron win

Published Tue, May 9, 2017 · 06:23 AM
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[TOKYO] Tokyo stocks closed lower Tuesday as investors booked profits a day after pro-European centrist Emmanuel Macron's victory in the French presidential election pushed the Japanese market to a 17-month high.

The benchmark Nikkei 225 index fell 0.26 per cent, or 52.70 points, to 19,843.00 after closing Monday at its highest level since December 2015.

The Topix index of all first-section issues lost 0.26 per cent, 4.09 points, to end the day at 1,581.77.

AFP

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