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Nikkei ends up 2.6% as exporters lead gains

Nikkei ends up 2.6% as exporters lead gains
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First Published: Wed, Aug 06 2008. 11 36 AM IST
Updated: Wed, Aug 06 2008. 11 36 AM IST
Reuters
Tokyo: The Nikkei stock average jumped 2.6% on Wednesday, led higher by Canon Inc and other exporters after a sharp fall in oil prices eased concerns about inflation and the US Federal Reserve signalled it is in no hurry to raise interest rates.
Mitsubishi UFJ Financial Group fell after Japan’s top lender reported a 66% slide in first-quarter profit, hurt by more credit-related losses and a sputtering domestic economy.
The benchmark Nikkei ended up 340.23 points at 13,254.89, while the broader Topix rose 2.4 percent to 1,277.27.
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First Published: Wed, Aug 06 2008. 11 36 AM IST
More Topics: Markets | Japan | Stocks | Nikkei | Topix |