"Stocks have been rising since the middle of this month and now investors may want to sell to lock in profit"
- Kiyoshi Ishigane a Tokyo-based strategist at Mitsubishi UFJ Asset Management Co.
Japanese stocks fell on Monday after the U.S. economy expanded less than expected, a worrying sign for Asian exporters. The Nikkei 225 declined 0.54%, or 48.17 points, to 8,793.05, while the broader Topix shed 0.54%, or 4.12, to 757.01.
"The U.S. GDP wasn't very strong and the yen strengthened against the dollar, so the market should weaken a little," said Kiyoshi Ishigane a Tokyo-based strategist at Mitsubishi UFJ Asset Management Co.
"Stocks have been rising since the middle of this month and now investors may want to sell to lock in profit."
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