Friday, July 22, 2011

Nikkei gains on banks, euro-sensitive stocks

TOKYO: The Nikkei average rose on Friday as banks gained following strong Morgan Stanley results and euro-sensitive stocks such as Canon and Nikon rose on a stronger euro after officials agreed on measures to solve Greece's debt woes.

The Nikkei was up 0.9 percent at 10,101.71 just after the open, while the broader Topix rose 1 percent to 868.80.

Analysts said the Nikkei may trade between 10,050 and 10,150 with resistance seen at 10,207, a recent closing high marked on July 8. ' Reuters

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