Nikkei snaps 6-day rally as exporters lose ground
TOKYO |
TOKYO (Reuters) - Japan's Nikkei average slipped 0.3 percent on Tuesday to snap a six-day winning streak, with profit-taking and an increase in the yen against the dollar eating away at gains made by exporters such as Canon Inc (7751.T).
The benchmark Nikkei .N225 fell 27.13 points to 10,140.47, a day after hitting a six-week closing high in the last of six days of rises that saw the index climb by nearly 12 percent.
The broader Topix .TOPX inched down 0.3 percent to 896.70.
Market players said they saw little impact on the stock market from the government's announcement of a 7.2 trillion yen ($81 billion) stimulus package, up slightly from its original plan to spend 7.1 trillion yen.
(Reporting by Aiko Hayashi)
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