TOKYO (Kyodo) -- Tokyo stocks ended mixed on Thursday, with buying momentum from record highs on Wall Street following Donald Trump's U.S. presidential election victory tempered by investors locking in gains.

The 225-issue Nikkei Stock Average ended down 99.26 points, or 0.25 percent, from Wednesday at 39,381.41. The broader Topix index finished 27.16 points, or 1.00 percent, higher at 2,743.08.

On the top-tier Prime Market, decliners were led by precision instrument and retail issues, while insurance and construction issues led gainers.

The currency market saw the U.S. dollar trading in the lower 154 yen zone after it climbed the previous day on expectations that potential tax cuts and deregulation under Trump would stimulate the economy, dealers said.

At 5 p.m., the dollar fetched 153.99-154.01 yen compared with 154.59-69 yen in New York and 153.93-95 yen in Tokyo at 5 p.m. Wednesday.

The euro was quoted at $1.0752-0753 and 165.58-62 yen against $1.0725-0735 and 165.82-92 yen in New York and 165.22-26 yen in Tokyo late Wednesday afternoon.

The yield on the benchmark 10-year Japanese government bond ended at 1.005 percent, up 0.025 percentage point from Wednesday's close on a rise in long-term U.S. Treasury yields.

Following a surge on Wednesday, Tokyo stocks continued to rally at the outset, with the Nikkei index gaining over 400 points and approaching the 40,000 line at one stage.

But the benchmark index later reversed course as investors locked in recent gains on technology and other large-cap issues.

"The Japanese market, which was the first to start factoring in Mr. Trump's win, initially inherited U.S. stock gains, but the Nikkei's inability to reclaim the 40,000 level dampened buying momentum and triggered profit-taking," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co.

Ichikawa added that some investors were also cautious about the U.S. House of Representatives election results, as a divided chamber would make it difficult to implement bold tax cuts that would significantly benefit large companies.