TOKYO, May 11 (Xinhua) -- Tokyo stocks closed mixed Monday. Although the benchmark Nikkei stock index hit another intraday high early in the session, profit-taking driven by surging crude oil prices weighed on gains in heavyweight technology shares.
The 225-issue Nikkei Stock Average ended down 295.77 points, or 0.47 percent, from Friday at 62,417.88.
The broader Topix index, meanwhile, finished 11.45 points, or 0.3 percent, higher at 3,840.93.
On the top-tier Prime Market, food and consumer credit issues were notable gainers, while information and communication, and transportation equipment shares were the main decliners.
The Nikkei index reached another intraday peak of 63,385.04 in early trading, buoyed by artificial intelligence-related shares that followed strong performances by their U.S. counterparts late last week.
However, the early rally was later erased as investors locked in profits and market confidence took a hit after the benchmark West Texas Intermediate crude oil futures contract briefly rose to 100 U.S. dollars per barrel, fueled by ongoing uncertainty surrounding the Middle East conflict.
Meanwhile, optimism about further market gains remained, supported by favorable earnings from some Japanese companies, with the Topix index holding in positive territory and more than half of the Nikkei-listed stocks closing with gains. ■
