Nikkei falls 0.9 pct after rally, banks weigh

TOKYO, Oct 15 (BestGrowthStock) – Japan’s Nikkei average fell 0.9
percent on Friday, hurt by broad profit-taking after a rally the
day before and as financial stocks tracked their Wall Street
peers lower on worries about a widening U.S. foreclosure crisis.

The benchmark Nikkei (.N225: ) slipped 83.26 points to
9,500.25, after rising 1.9 percent on Thursday.

The broader Topix (.TOPX: ) fell 1.3 percent to 826.38.

Continued strength in the yen, which hit a new 15-year high
on Thursday, put pressure on exporters and sent the Nikkei 0.9
percent lower on the week. The index is now down about 2 percent
from last week’s high hit after the Bank of Japan announced its
bold easing measures.
(Reporting by Aiko Hayashi; Editing by Chris Gallagher)

Nikkei falls 0.9 pct after rally, banks weigh