Nikkei falls as strong yen triggers profit-taking

martes 31 de mayo de 2016 22:38 GYT
 

* Nikkei snaps 5-day winning streak

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By Ayai Tomisawa

TOKYO, June 1 (Reuters) - Japan's Nikkei share average fell on Wednesday and looked set to snap a five-day winning streak as losses on Wall Street soured sentiment and a stronger yen triggered profit-taking.

The Nikkei was down 0.6 percent to 17,130.05 points by late morning.

Defensive stocks underperformed. The utility sector was the worst performer, down 2 percent. Tokyo Electric Power Co shed 1.7 percent and Tokyo Gas declined 2.5 percent.

Exporters were mixed, with Toyota Motor Corp rising 0.6 percent, Honda Motor Co falling 1.0 percent and Panasonic Corp dropping 1.5 percent.   Continuación...