Friday, June 18, 2010

Nikkei up 2% on short-covering, exporters gain

TOKYO: Japan's Nikkei average rose over 2% on Wednesday, June 16 as short-covering picked up and investors grew more confident about the global economy after successful debt sales by some of the weakest euro zone members.

The market gained across the board, with blue-chip exporters such as Canon Inc in favour on easing worries about a stronger yen, while Nintendo jumped after taking the wraps off its new 3D DS portable game player.

The benchmark Nikkei rose 200.65 points to 10.088.63, while the broader Topix rose 1.7% to 893.48. ' Reuters


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