Tokyo stocks open lower as investors lock in gains

Tokyo stocks opened lower Tuesday, as investors locked in gains after the Nikkei index posted its largest one-day point rise of the year the previous day.

In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell 196.81 points, or 0.60 percent, from Monday to 32,511.67. The broader Topix index was down 3.97 points, or 0.17 percent, at 2,356.49.

On the top-tier Prime Market, decliners were led by land transportation, insurance and food issues.

At 9 a.m., the U.S. dollar fetched 149.95-98 yen compared with 150.02-12 yen in New York and 149.73-74 yen in Tokyo at 5 p.m. Monday.

The euro was quoted at $1.0717-0721 and 160.70-79 yen against $1.0712-0722 and 160.76-86 yen in New York, and $1.0733-0734 and 160.71-75 yen in Tokyo late Monday afternoon.

© Kyodo News