Tokyo stocks fall as gains locked in
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E-mail Xinhua, November 27, 2023
TOKYO, Nov. 27 (Xinhua) -- Tokyo stocks closed lower on Monday, with early gains erased as investors sold stocks to pocket profits.
Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 177.86 points, or 0.53 percent, from Friday to close the day at 33,447.67.
The broader Topix index, meanwhile, finished 9.18 points, or 0.38 percent, lower at 2,381.76.
The market opened higher but reversed course because investors moved to lock in gains that tracked rises on the U.S. Dow Jones Industrial Average late last week, analysts said.
On the top-tier Prime Market, decliners were led by nonferrous metal, machinery and transportation equipment issues.
Toyota Motor slipped 33.0 yen, or 1.2 percent, to 2,770.0 yen, while Honda Motor dropped 24.5 yen, or 1.6 percent, to 1,545.5 yen. Enditem
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