Tokyo stocks open lower on profit-taking

Stock MarketTokyo - Stocks opened lower in Tokyo Friday as investors sold shares to lock in profits from a three-day rally.

The Nikkei 225 Stock Average dipped 23.09 points in morning trading, or 0.17 per cent, to 13,375.21.

The broader Topix index of all first-section issues was also down 3.04 points, or 0.24 per cent, at 1,290.28.

On currency markets at 9 am (0000 GMT), the dollar traded at 102.40-45 yen, up from Thursday's 5 pm quote of 101.77-79 yen.

The euro was quoted at 1.5906-11 dollars, down from Thursday's 5 pm quote of 1.5971-74 dollars, and at 162.91-96 yen, up from 162.55-59 yen. (dpa)

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