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Thursday, November 05, 2009
Japan Shares Climb With NEC Corp. Up 6%
By Myra P. Saefong
MarketWatch Pulse
TOKYO -- Japan's Nikkei 225 Average climbed 1.1% to 9,825.76 and the Topix was at 878.18, up 0.4% Friday morning in Tokyo, with NEC Corp. among the biggest gainers, up 6.1%. The company announced the issuance of new shares as part of a move to help reduce fixed costs by 290 billion yen ($3.2 billion) in the fiscal year. Panasonic Corp.'s stock was up 0.4% as it launched its tender for Sanyo Electric Co. . In South Korea, the Kospi climbed 1.6%, while the S&P/ASX 200 rose 1.2% in Sydney.
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