Tokyo stocks down on profit-taking

October 31st, 2008 - 11:29 am ICT by IANS  

Tokyo, Oct 31 (DPA) Tokyo stocks lost some of their recent gains Friday as investors tried to lock in profits.The Nikkei 225 Stock Average, which gained nearly 10 percent the previous day, lost 245.64 points, or 2.72 percent, to 8,784.12.

The broader Topix index of all first-section issues was also down 15.49 points, or 1.72 percent, at 883.88.

On currency markets at 9 a.m. (0000 GMT), the dollar was quoted at 98.77-82 yen, up from Thursday’s 5 p.m. quote of 98.74-76 yen.

The euro was quoted at $1.2865-70, down from Thursday’s 5 p.m. quote of $1.3211-12, and at 127.05-10 yen, down from 130.45-49 yen.

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