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Japan's Nikkei share average took a breather on Wednesday morning after rising to a fresh 26-year high in the previous session, as weakness in exporters such as Murata and Fanuc offset gains in real estate stocks.
The Nikkei dropped 0.4 per cent to 24,021.73 in midmorning trade, after touching 24,129.34 on the previous day, the highest level since November 1991. Murata Manufacturing shed 1.5 per cent and Fanuc Corp tumbled 2.1 per cent.
Banking shares also lost ground, with Mitsubishi UFJ Financial Group down 1.4 per cent and Sumitomo Mitsui Financial Group off 1.5 per cent. On the other hand, stocks sensitive to domestic-demand such as real estate companies soared. Mitsui Fudosan surged 2.2 per cent and Mitsubishi Estate advanced 1.5 per cent. The broader Topix shed 0.3 per cent to 1,905.55.
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