(Update at 0600 GMT)

TOKYO, June 5 (Reuters) - Japan's Nikkei share average

ended lower on Wednesday as economic-sensitive stocks fell after

weaker-than-expected U.S. labour market data, while the yen's

rebound hurt sentiment.

The Nikkei fell 0.89% to close at 38,490.17.

"Wall Street rose overnight after the labour market data

helped U.S. Treasury yields to fall," said Shoichi Arisawa,

general manager of the investment research department at

IwaiCosmo Securities.

"But the yen rose, which was negative for Japanese equities.

The positive impact of falling Japanese government bond yields

was limited in the current session."

Wall Street ended higher after data showed that U.S. job

openings fell to their lowest level in more than three years in

April, signalling an easing in labour market tightness that

supported a rate cut by the Federal Reserve this year.

U.S. Treasury yields slipped following the report. Japanese

government bond (JGB) yields tracked the declines, with the

10-year bond yield falling below 1% for the first

time since May 24.

The yen rose to a three-week peak against the dollar

overnight before retracing some of the overnight gains, driven

by investors unwinding bets in emerging markets in Asia trade.

Shipping companies lost 2.86% and energy

explorers fell 2.95%. Steel companies lost

also lost 2.05%.

The insurance sector fell 3.73%, the most among

the Tokyo Stock Exchange's 33 industry sub-indexes.

SoftBank Group ( SFTBF ) jumped 4.64% after the Financial

Times reported Elliott Management has rebuilt a stake worth over

$2 billion in the technology investor.

The broader Topix lost 1.41% to 2,748.22, with

Toyota Motor ( TM ) slipping 2.43% to become the biggest drag

on the Topix.