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Nikkei falls back after 7-wk high, dlr struggle weighs

Published 09/21/2010, 02:08 AM
Updated 09/21/2010, 02:12 AM

TOKYO, Sept 21 (Reuters) - Japan's Nikkei fell on Tuesday in the face of profit-taking after briefly edging up to a seven-week intraday high, with the dollar's struggles against the yen weighing on sentiment.

Midsize drugmaker Kyorin soared on a report that generics drug maker Sawai Pharmaceutical Co wanted to acquire it, while Canon climbed after it said that strong demand has prompted it to plan a new overseas inkjet printer plant.

The benchmark Nikkei shed 0.3 percent or 23.98 points to 9,602.11 after earlier rising as far as 9,704.25, its highest since Aug. 3.

The broader Topix also fell 0.3 percent, to 849.94. (Reporting by Elaine Lies; Editing by Chris Gallagher)

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