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Nikkei drops as exporters sold as yen weakness pauses

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Published: Monday, 7 Jan 2013 | 1:17 AM ET

TOKYO, Jan 7 (Reuters) - 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.

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TOKYO, Jan 7- 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.

   
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