<p>Tokyo stocks closed lower on Monday, snapping a four-day winning streak, as investors locked in profits from recent rises.</p>.<p>The Nikkei 225 was down 0.79 per cent, or 211.09 points, to end at 26,433.62, while the broader Topix index fell 1.77 per cent, or 31.60 points, to 1,754.92.</p>.<p>The Nikkei index had opened higher, maintaining the momentum of global rallies fuelled by robust risk appetite among foreign investors, and optimism over the development of coronavirus vaccines.</p>.<p>But it was "weighed down by profit-taking" because of "cautious sentiment after the rallies", Okasan Online Securities said in a commentary.</p>.<p>A recent stream of positive vaccine news has brightened outlooks among global players, along with easing post-election political drama in the US.</p>.<p>"The global economy should be in a much better place in 2021," Stephen Innes, chief global markets strategist at AxiCorp, said in a note.</p>.<p>"Still, the pandemic's resurgence will likely keep things choppy in 1Q21 before vaccine distributions brighten the outlook over the balance of the year," he said.</p>.<p>This week, investors will be eyeing key US data including the ISM manufacturing index and jobs figures.</p>.<p>In Tokyo trading, automakers were lower with Toyota dropping 3.48 per cent to 6,999 yen and Honda tumbling 3.54 per cent to 2,871.5 yen.</p>.<p>Sony lost 1.10 per cent to 9,704 yen, while Panasonic slid 0.84 per cent to 1,112.5 yen and Canon sank 3.63 per cent to 1,853.5 yen.</p>.<p>SoftBank Group climbed 0.30 per cent to 7,272 yen while Uniqlo casual wear operator Fast Retailing jumped 2.15 per cent to 85,940 yen.</p>.<p>The dollar stood at 103.86 yen in Asian trade, against 104.03 yen in New York on Friday.</p>
<p>Tokyo stocks closed lower on Monday, snapping a four-day winning streak, as investors locked in profits from recent rises.</p>.<p>The Nikkei 225 was down 0.79 per cent, or 211.09 points, to end at 26,433.62, while the broader Topix index fell 1.77 per cent, or 31.60 points, to 1,754.92.</p>.<p>The Nikkei index had opened higher, maintaining the momentum of global rallies fuelled by robust risk appetite among foreign investors, and optimism over the development of coronavirus vaccines.</p>.<p>But it was "weighed down by profit-taking" because of "cautious sentiment after the rallies", Okasan Online Securities said in a commentary.</p>.<p>A recent stream of positive vaccine news has brightened outlooks among global players, along with easing post-election political drama in the US.</p>.<p>"The global economy should be in a much better place in 2021," Stephen Innes, chief global markets strategist at AxiCorp, said in a note.</p>.<p>"Still, the pandemic's resurgence will likely keep things choppy in 1Q21 before vaccine distributions brighten the outlook over the balance of the year," he said.</p>.<p>This week, investors will be eyeing key US data including the ISM manufacturing index and jobs figures.</p>.<p>In Tokyo trading, automakers were lower with Toyota dropping 3.48 per cent to 6,999 yen and Honda tumbling 3.54 per cent to 2,871.5 yen.</p>.<p>Sony lost 1.10 per cent to 9,704 yen, while Panasonic slid 0.84 per cent to 1,112.5 yen and Canon sank 3.63 per cent to 1,853.5 yen.</p>.<p>SoftBank Group climbed 0.30 per cent to 7,272 yen while Uniqlo casual wear operator Fast Retailing jumped 2.15 per cent to 85,940 yen.</p>.<p>The dollar stood at 103.86 yen in Asian trade, against 104.03 yen in New York on Friday.</p>