Tokyo stocks fall amid profit-taking after record year-end high

Tokyo stocks dropped Monday morning, the first trading day of 2025, as investors took profits following the Nikkei stock index's record year-end close.The 225-issue Nikkei Stock Average fell 500.27 points, or 1.25 percent, from Monday last week to 39,394.27. The broader Topix index was down 26.89 points, or 0.97 percent, at 2,758.03.The U.S. dollar hovered mostly in the upper 157 yen range, as the Japanese currency, which had briefly slid to the 158 yen level late last year, remains weak due in part to receding expectations the Bank of Japan will hike rates imminently, dealers said.At noon,…READ FULL ARTICLE