Friday, March 25, 2011

Nikkei rises on U.S. stocks, draws buying on dips

TOKYO: The Nikkei share average rose on Friday, helped by gains in U.S. stocks on optimism about upcoming earnings reports, although investors will continue to cautiously monitor developments at Japan's troubled nuclear power plant.

Analysts said the overall market may get a lift as investors buy on dips, with some technical indicators showing that Japanese stocks are heavily oversold.

The benchmark Nikkei average rose 1.4 percent, or 130.48 points, to 9,565.49. The Topix gained 1.2 percent to 864.13. - Reuters

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