TOKYO , Jan. 6 -- ( Kyodo ) _ (EDS: ADDING INFO) Tokyo stocks fell sharply Monday morning, the first trading day of 2014, with the Nikkei losing more than 400 points at one stage, as investors cashed in on recent gains after the key index soared for the ninth consecutive market day. The 225-issue Nikkei Stock Average fell 355.28 points, or 2.18 percent, from Dec. 30 to 15,936.03. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 13.45 points, or 1.03 percent, at 1,288.84. At a ceremony marking the start of this year's trading on the Tokyo bourse, Finance Minister Taro Aso vowed to exert further efforts to ensure economic recovery. "We intend to bring forward Abenomics more, and make utmost efforts to support Prime Minister ( Shinzo) Abe's emphasis on the economy," he said, referring to Abe's signature economic policy mix. Shortly after the ceremony, the Tokyo market opened on a weak note as market players locked in recent gains after the Nikkei surged 7.5 percent during a nine-day rally through Dec. 30 to its highest finish since November 2007 . "A number of technical charts are sending a signal of market overheating so profit-taking took the upper hand," said Hiroichi Nishi , assistant general manager of equity research at SMBC Nikko Securities Inc. Losses in share prices widened as time wore on, sending the Nikkei below the 16,000 threshold for the first time since Dec. 25 . Recent major advancers succumbed to selling, with Fast Retailing , a heavily weighted Nikkei component, tumbling 1,750 yen , or 4.0 percent, to 41,650 yen . Another key Nikkei component Softbank slipped 250 yen , or 2.7 percent, to 8,950 yen . Toyota Motor dropped 100 yen , or 1.6 percent, to 6,320 yen after rising for the fourth straight day. On the First Section, declining issues outnumbered advancing ones 980 to 686, while 109 finished the morning unchanged. By sector, marine transport, mining and rubber shares drew selling in particular. Japan's financial markets had been closed since Dec. 31 for year-end and New Year holidays.
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