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Nikkei sheds 1 pct in early trade as yen rebounds
January 9, 2013 / 12:10 AM / 5 years ago

Nikkei sheds 1 pct in early trade as yen rebounds

TOKYO, Jan 9 (Reuters) - Japan's Nikkei average shed 1
percent in early trade on Wednesday, heading for a third
straight session of losses, as a rebounding yen prompted
investors to take profits on exporters after their recent
stellar performance.   
    The Nikkei lost 99.78 points to 10,408.28, breaking
below its five-day moving average at 10,519.65, while the
broader Topix dropped 0.9 percent to 863.66.

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