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This is an archive article published on June 7, 2011

Nikkei ends up 0.7 pct

Tokyo shares on Tuesday snapped a three-day losing streak in which the market slid 3 pct.

Tokyo shares on Tuesday snapped a three-day losing streak in which the market slid 3 per cent,as hedge funds covered short positions and as foreigners bought back on cheap valuations,a factor that,some say,may support the market in coming weeks.

Japan8217;s benchmark Nikkei average closed up 0.7 per cent at 9,442.95 on Tuesday,while the broader Topix gained 0.7 per cent to 813.76.

 

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