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Post by bot on Jan 9, 2012 19:33:23 GMT -5
Japan stocks rise early, with banks stronger from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japanese stocks rose in early Tuesday trading, as the market resumed trading after a long weekend. The Nikkei Stock Average climbed 0.7% to 8,448.96, with the Topix up 0.9%, as financial shares got their first chance to react to strong U.S. employment data last week. Among the banks, Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. each gained 1.5%, while Nomura Holdings Inc. added 4.1%, and Daiwa Securities Group Inc. advanced 2.5%. Japan's top two retailers by sales -- Seven & I Holdings Co. and Aeon Co. -- saw their shares react to a fall in nine-month profit, posted earlier in the week. Aeon dropped 2.4%, though Seven & I managed to add 0.8%.
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