Japanese stocks fell on Wednesday morning as automakers were hit by a sharp drop in U.S. new car sales last month while other stocks, including financials, retreated after a rally over recent weeks.
The Nikkei share average declined 0.5 percent to 24,141.50 in midmorning trade, though it was still holding at 27-year highs.
The auto sector was the worst performer on the board, falling 2.0 percent followed by insurers and banks which shed 1 percent and 0.9 percent, respectively.
The broader Topix fell 0.2 percent to 1,819.64.
Source : Reuters