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Thursday, March 19, 2009

Nikkei rises 0.7 per cent, financials gain after Fed

Japan's Nikkei average rose 0.7 per cent on Thursday, helped by a rally in U.S. stocks after the Federal Reserve decided to buy long-dated Treasuries, with financials such as Mizuho Financial Group advancing. The benchmark Nikkei rose 52.84 points to 8,025.01, while the broader Topix climbed 0.8 per cent to 770.86.
Source: ET

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