TOKYO, May 14 (Reuters) - Japan's Nikkei share average

reversed course to trade lower on Wednesday as investors sold

stocks to book profits, while the broader Topix is set to snap

its longest winning streak in nearly 16 years.

The Nikkei fell 0.81% at 37,874.59 by the midday

break.

The broader Topix fell 1.21% to 2,738.59, on course

to snap a 13-day winning streak, its longest since August 2009.

The Nikkei hit a three-month high on Tuesday, buoyed by

hopes for more deals between major economies after the U.S. and

China agreed to temporarily slash harsh reciprocal tariffs.

"The market had set the 38,000 as a target after the Nikkei

tanked last month, following the announcement of (U.S. President

Donald) Trump's tariffs," said Hiroyuki Ueno, chief strategist

at Sumitomo Mitsui Trust Asset Management.

"The index hit that target earlier than expected, and that

prompted investors to sell stocks to book profits today."

Uniqlo-brand owner Fast Retailing ( FRCOF ) fell 1.19% to

drag down the Nikkei the most. Healthcare equipment maker Terumo ( TRUMF )

fell 3.3%.

Yaskawa Electric ( YASKF ) fell 4.44% after the robot maker

was excluded from MSCI's standard index in its regular

reshuffle.

Heavy machinery maker IHI rose 2.03% as it was

included in the index.

Of more than 1,600 stocks trading on the Tokyo Stock

Exchange's prime market, 15% rose and 82% fell, with 1% trading

flat.