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Tokyo stocks close lower on profit taking, U.S. tax reform concerns

Xinhua, April 27, 2017 Adjust font size:

Tokyo stocks closed lower Thursday as investors opted to take profits after the market's recent winning streak and following a U.S. tax reform plan unveiled that lacked details.

The 225-issue Nikkei Stock Average edged down 37.56 points, or 0.19 percent, from Wednesday to end the day at 19,251.87.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, lost 0.74 point, or 0.05 percent, to finish at 1,536.67.

Electric power and gas, securities and pharmaceutical-related issues comprised those that retreated the most by the close of play, and advancing issues outpaced declining ones by 1,219 to 672 on the First Section.

On the main section, trading volume came to 1,970.20 million shares, dropping from Wednesday's volume of 2,035.53 million shares.

The turnover on the penultimate trading day of the week totaled 2,455 billion yen (22.03 billion U.S. dollars). Endit