Around the World's Markets: Tokyo

SHARES CLOSED slightly lower, pressured by modest profit-taking following an 11 per cent rally over the past eight days.

The Nikkei 225 closed down 13.28 points at 15,488.86, well clear of the high of 15,709.01 prompted by buying ahead of the close of trading in the March futures and overnight gains on Wall Street. The low was 15,408.38 points. Nissan Motor led declines by car-makers after DaimlerChrysler rejected an alliance earlier this week, while Sony headed the gainers.