Tokyo stocks close down on profit-taking — Business — The Guardian Nigeria Newspaper – Nigeria and World News

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Pedestrians walk past a stock indicator showing stock prices of Japanese companies listed on the Tokyo Stock Exchange in Tokyo on May 11, 2018. Tokyo stocks leapt on May 11, led by rallies in high-tech shares, after Wall Street gains outweighed concern about geopolitical risk over US plans to open an embassy in Jerusalem next week. / AFP PHOTO / Kazuhiro NOGI

Tokyo stocks fell on Tuesday as investors cashed in profits following three straight days of gains.

The benchmark Nikkei 225 index lost 0.21 percent, or 47.84 points, to close at 22,818.02 while the broader Topix index edged down 0.04 percent, or 0.77 points, to 1,805.15.

“Profit-taking can easily emerge following days of sizeable gains,” said Hikaru Sato, senior technical analyst at Daiwa Securities.

“Buying sentiment…



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