Tokyo stocks open down 0.43pc

PUBLISHED : Friday, 19 October, 2012, 9:08am
UPDATED : Friday, 19 October, 2012, 9:08am


Tokyo stocks opened 0.43 per cent lower on Friday hit by a wave of profit-taking after four days of gains, pushing the benchmark Nikkei 225 index down 38.83 points at 8,944.03. “There are fears that the market is now short-term overheated, and with US stocks ending down overnight, many would see this as a chance to book profits,” Kenichi Hirano, market analyst at Tachibana Securities, told Dow Jones Newswires.“After the