Nikkei falls, snaps three-session winning streak

Japan’s Nikkei share average fell at the close on Tuesday, snapping a three-session winning streak as investors stayed away from the yen’s strength, while some bought stocks with strong outlooks, limiting the decline.

The Nikkei fell 0.72 percent to 38,787.02, losing 1.28 percent on the week. The broader Topix index fell 0.54 percent to 2,737.23.

“With the yen’s strength, the market was concerned that Japanese corporate earnings next fiscal year would not be as strong as this year,” said Shigetoshi Kamada, general manager of research at Tachibana Securities.

The yen rose to a nine-week high amid growing bets on Japan raising interest rates this year.