TOKYO —

Tokyo stocks fell Thursday with investors increasingly turning to lock in quick profits after the key Nikkei index rose sharply the previous day to an eight-week closing high, while sentiment was soured by sluggish macroeconomic data. The 225-issue Nikkei Stock Average dropped 102.95 points from Wednesday to 10,744.03. The broader Topix index of all First Section issues on the Tokyo Stock Exchange lost 6.64 points to 940.79.
   
‘‘With signs of overheating, the market is susceptible to selling for quick profits and this was exacerbated by disappointing macroeconomic figures released early in the morning,’’ said Tsuyoshi Segawa, an equity strategist at Mizuho Securities Co. Segawa said selling was also accelerated by data released by the Finance Ministry on investment in Japanese securities by domestic and overseas investors. The figures showed that during the March 7-17 period, overseas investors sold nearly 270 billion yen in Japanese equities.

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2 Comments

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  misoshiro at 05:27 PM JST - 18th March

  Unjust profits go down the drain fast.

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  some14some at 06:29 PM JST - 18th March

  Tremors of TSE fall were felt all across Asia and now spreading all the way to Europe !

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