Both indexes logged seven-day winning streaks, the longest run since mid-May. JFE Holdings led decliners on the Nikkei by a wide margin, sliding 6% after the Nikkei newspaper said the steelmaker seeks to raise as much as 120 billion yen ($818.39 million) through a public share offering and another 90 billion yen by offering five-year convertible bonds to international investors in September. The company later announced its board had approved a 211.4 billion yen fundraising plan, including a 121.5 billion yen share offering. The iron & steel sector was by far the worst performer among the Tokyo Stock Exchange's 33 industry groups, tumbling more than 2.5% at one stage and closing down 1.08%. It was the lead gainer on Monday with a 4.11% rally. "I'm not surprised to see some weakness in the market today," said Kenji Abe, an equity strategist at Daiwa Securities. "Japanese stocks have performed so well, it's very natural for investors to take some profits."