Tokyo stocks close lower on profit-taking amid cautious mood

Source: Xinhua| 2019-01-28 16:03:24|Editor: Shi Yinglun
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TOKYO, Jan. 28 (Xinhua) -- Tokyo stocks closed lower Monday as investors opted to secure gains amid a cautious mood as quarterly earnings season here swings into gear and global markets eye a U.S monetary policy meeting later this week.

The 225-issue Nikkei Stock Average dropped 124.56 points, or 0.60 percent, from Friday to close the day at 20,649.00.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 10.59 points, or 0.68 percent, to finish at 1,555.51.

Electric power and gas, miscellaneous product, and consumer credit-linked issues comprised those that declined the most by the close of play.

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