Nikkei Pares Gains As Investors Lock In Profits

TOKYO (NQN)--Tokyo stocks fell as the afternoon session opened Thursday, with investors locking in gains from the morning.

The Nikkei Stock Average moved in the upper-11,900 range at the start of afternoon trading, up about 50 points from Wednesday's close.

Investors bought shares in the morning on speculation that the Tokyo market still has room to rise. The benchmark index topped the psychologically important 12,000 mark in early trading.

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