Tokyo stocks close lower on profit-taking after surge

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TOKYO, Dec. 16 (Xinhua) — Tokyo stocks closed lower Monday as investors took profits after the Nikkei surged 2.55 percent late last week on eased concerns about the outlook for the global economy.

The 225-issue Nikkei Stock Average lost 70.75 points, or 0.29 percent, from Friday to close the day at 23,952.35.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, fell 3.11 points, or 0.18 percent, to finish at 1,736.87.

Rubber product, marine transportation and metal product-linked issues comprised those that declined the most by the close of play.

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