TOKYO - Tokyo stocks closed lower on Monday as gains on a cheap yen were overwhelmed by profit-taking, with traders cautious ahead of US markets being closed for a national holiday.
Monday trading was cautious, with investors"refraining from active transactions ahead of the closure of the US stock market for the Juneteenth holiday", Mizuho Securities said. But"sales on worries over overheating in the market" later pressured share prices, IwaiCosmo Securities said.Chip-linked shares were among losers, with Advantest dropping 3.32 percent to 19,200 yen and Tokyo Electron sinking 2.45 percent to 19,900 yen.
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