Nikkei Edges Lower After Hitting 5-Mth High on Yen

By Aiko Hayashi and Chikafumi Hodo TOKYO, Nov 16 (Reuters) - Japan's Nikkei ended slightly lower on Tuesday, losing steam after touching a five-month intraday high as profit-taking set in amid worries over the outlook for corporate profits and the impact of tighter credit in China. The Nikkei, a laggard compared to other major stock markets this year, has been on an upward trend since the start of the month, helped by the Federal Reserve's quantitative easing that has brought expectations of increased liquidity for global shares. The benchmark now faces resistance at its 200-day moving average, around 9,923. Market participants say foreign investors have been active buyers of Japanese shares since last week, especially after the dollar reclaimed some ground against the yen. Selling of Japanese government bonds has also benefited the domestic stock market, with JGB yields climbing on the growing view that a Fed-inspired bull run in U.S. Treasuries was over. "Foreign institutions, such as pension funds, have been allocating part of their...