/www.fxserver.com/ TOKYO (AP) -- Tokyo stocks fell Tuesday morning as investors took profits from their recent gains. The dollar was higher against the Japanese yen.
The Nikkei Stock Average of 225 selected issues lost 168.23 points, or 2.11 percent, to end morning trading at 7,800.85. The index gained 94.57 points, or 1.20 percent, Monday.
At 11 a.m., the dollar traded at 120.67 yen, up 0.57 yen from late Monday in Tokyo and above the 120.51 yen it bought in late New York trading.
On the stock market, investors took profits from blue chips following gains in two previous sessions in a row.
Electronics giants NEC, Sony and Toshiba, as well as automakers Nissan, Honda and Toyota fell Tuesday morning. Major banks Mizuho and Mitsui Sumitomo also led the decline.
Many investors in Japan also took the cue from Wall Street's weakness.
On Monday, New York stocks dipped lower as investors cashed in gains from last week's rally. The Dow Jones industrial average closed down 8.75, or 0.1 percent, at 8,328.90. The broader Nasdaq composite index dropped 1.13, or 0.1 percent, to 1,424.37.
Late Tuesday morning, the broader Tokyo Stock Price Index was down 11.16 points, or 1.39 percent, at 790.63. The TOPIX, which includes more than 1,000 of Japan's largest and most prestigious companies, rose 11.07 points, or 1.40 percent, Monday.
In other currencies, the euro bought $1.0854 late morning Tuesday, down from $1.0898 late Monday. Against the yen, the euro traded at 130.96 yen, up from 130.90 yen.
The yield on Japan's benchmark 10-year government bond was unchanged from Monday's close of 0.6300 percent, priced at 100.65.