Tokyo stocks snap three-day winning streak
Tokyo stocks snap
Tokyo - Egypt Today
Tokyo stocks snapped a three-day winning streak Monday with profit-takers reversing early gains ahead of the release of key economic data in the US and China this week.
The benchmark Nikkei 225 index lost 0.24 percent, or 54.86 points, to close at 22,495.99 while the broader Topix index fell 0.22 percent, or 3.83 points, at 1,776.73.
"Tokyo shares opened higher on the back of gains on Wall Street but they sank into negative territory due to selling" to lock in profits, Yoshihiro Ito, chief strategist at Okasan Online Securities, said in a commentary.
"Major shares which were bought last week took a breather," he said.
On Wall Street the S&P 500 and Nasdaq each ended at records last week.
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