Tokyo stocks lower on ex-dividend selling, profit-taking after highs

TOKYO, 28th March, 2024 (WAM) -- Tokyo stocks fell Thursday morning, with investors offloading shares after locking in dividend rights before the end of the current fiscal year and selling to secure profits following the Nikkei index nearing its all-time high the previous day.

According to Kyodo News, the 225-issue Nikkei Stock Average fell 479.29 points, or 1.18 percent, from Wednesday to 40,283.44.

The broader Topix index was down 36.54 points, or 1.31 percent, at 2,762.74.