Nikkei slips on profit-taking, yen hurts exporters

Wednesday, 19 Feb 2014 | 1:15 AM ET

TOKYO, Feb 19 (Reuters) - Japan's Nikkei share average fell on Wednesday, retreating from a 2-1/2-week high hit the previous day, as investors took profit on banks and exporters a day after it had logged its biggest percentage gain in six months. The Nikkei shed 0.5 percent to 14,766.53 after a 3.1 percent rise on Tuesday, which took it to the highest close since Jan. 31. The Topix shed 0.5 percent to 1,218.52 Exporters were weaker after enjoying rallies on Tuesday, with Honda Motor Co and Sony Corp both shedding 1.8 percent, as the yen rebounded from two-week lows. The JPX-Nikkei Index 400, an index launched this year comprised of firms with high return on equity and strong corporate governance, dropped 0.4 percent to 11,029.16.

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