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Tokyo stocks end lower following Wall Street declines, profit-taking

0 Comment(s)Print E-mail Xinhua, December 30, 2024
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TOKYO, Dec. 30 (Xinhua) -- Tokyo stocks ended lower on Monday, the final trading day of 2024, as markets were weighed down by declines on Wall Street late last week and investors moved to lock in gains after the benchmark Nikkei index soared the previous trading day.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 386.62 points, or 0.96 percent, from Friday at 39,894.54.

The broader Topix index, finished 16.76 points, or 0.60 percent, lower at 2,784.92.

Japanese financial markets will be closed from Tuesday through Sunday for the New Year holidays.

Stocks stayed mostly in negative territory amid slow trading ahead of the year-end and New Year holidays, with the Nikkei index falling below the 40,000-point psychological threshold after the benchmark gained more than 1,200 points over the past three trading days and closed at a five-month high on Friday, analysts said.

For the whole year 2024, the Nikkei index logged a 19 percent rise from 2023, ending at its highest level on record on the back of solid company earnings and a weaker yen boosting export-oriented issues. Enditem

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