Nikkei edges up tracking Wall Street, firmer yen limits gains

miércoles 13 de julio de 2016 22:12 GYT

* Nikkei up 0.4 pct, momentum ebbs after 3 days of big gains

* Banks, car makers lose steam and limit Nikkei's gains

* Success of Pokemon GO continues to fuel Nintendo's surge

By Shinichi Saoshiro

TOKYO, July 14 (Reuters) - Japan's Nikkei share average edged up on Thursday, buoyed after Wall Street shares extended a record streak overnight, although a firmer yen limited the rise.

The Nikkei was up 0.4 percent at 16,298.43, not quite able to top a one-month peak of 16,444.25 touched on Wednesday.

It hit the one-month high on hopes that Tokyo would launch fresh fiscal stimulus, a weaker yen and broad gains by global risk assets amid ebbing Brexit concerns. The Nikkei has risen more than 7 percent this week.

"The Nikkei is now on its fourth day of gains, and the dollar is also back around 104 yen, so it is quite natural for sellers to emerge and limit the upside. That said, the market still appears well supported," said Chihiro Ohta, equity general manager at SMBC Nikko Securities in Tokyo.

Banks and car makers, which had led this week's rally, lost steam and sagged. Mitsubishi UFJ Financial Group Inc slipped 1.5 percent, Sumitomo Mitsui Financial Group Inc lost 1.6 percent and Mizuho Financial Group Inc dipped 1 percent.   Continuación...