Nikkei drops as exporters sold as yen weakness pauses

Monday, 07 January 2013 12:06

Posted by Asad Naeem

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TOKYO: Japan's benchmark Nikkei average fell on Monday, snapping a five-session winning streak as yen weakness has paused, triggering profit-taking on exporters, while utility shares lost ground on brokerage downgrades.

The Nikkei dropped 0.8 percent to 10,599.01. The broader Topix fell 0.8 percent to 881.06.