Nikkei sheds 1 pct in early trade as yen rebounds

Wed Jan 9, 2013 12:05am GMT

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.