Tokyo, June 4 (Jiji Press)–Tokyo stocks turned down sharply in early Thursday trading, with the benchmark Nikkei 225 average briefly tumbling more than 1,100 points. At 9:38 a.m., the index of 225 selected issues listed on the Tokyo Stock Exchange’s Prime section stood at 67,272.59, down 1,129.54 points, or 1.65 pct, from Wednesday, when it jumped more than 1,600 points to close above 68,000 for the first time ever. Profit-taking increased following the previous day’s surge and U.S. stocks’ weak performance overnight, brokers said. On Wall Street on Wednesday, all three major stock indexes lost ground amid uncertainty over the Middle East situation. Investors were also disappointed by weaker-than-expected February-April sales announced by major U.S. chipmaker Broadcom the same day. Broadcom stock plummeted more than 13 pct in off-hours trading later. END [Copyright The Jiji Press, Ltd.]
Tokyo Stocks Fall Back Sharply in Morning
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