Tokyo: Stocks open lower on profit-taking after rally

[TOKYO] Tokyo stocks fell at the start of trade on Monday as investors turned to profit-taking after a four-day rally, treading carefully ahead of a Bank of Japan meeting scheduled for later this week.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange dropped 0.53 per cent, or 93.15 points, to 17,479.34 about six minutes after the opening bell, while the broader Topix index of all first-section shares was down 0.55 per cent, or 7.72 points, at 1,399.78.

AFP