Nikkei slips as stronger yen takes toll

martes 9 de agosto de 2016 22:59 GYT
 

* Investors take profits ahead of Thursday public holiday in Japan

* Upbeat capex data, hopes for BOJ ETF buying limit losses

TOKYO Aug 10 (Reuters) - Japan's Nikkei share average slipped on Wednesday, as the yen strengthened against the dollar after downbeat U.S. data and investors locked in gains ahead of a Japanese holiday.

The Nikkei ended the morning session down 0.3 percent at 16,716.58.

The dollar lost ground against the yen after a weak U.S. productivity report on Tuesday suggested the economy may not be growing as quickly as many had believed, prompting investors to cut long-term inflation expectations and bets that the U.S. Federal Reserve will hike interest rates later this year.

"It's all about interest rate differentials, and expectations," said Gavin Parry, managing director at Parry International Trading Ltd in Hong Kong.

The broader Topix finished morning trade down 0.4 percent at 1,312.11, while the JPX-Nikkei Index 400 shed 0.5 percent to 11,805.19.

A robust U.S. jobs report on Friday had weakened the yen, and helped the Nikkei rise to two-week intraday highs on Tuesday.

Markets in Japan will be closed on Thursday for a public holiday, with some investors planning to take Friday off as well for a long weekend.   Continuación...