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Tokyo Electric Power Company

Japan Stocks Gain After Upbeat Machinery Report

Japanese stocks chugged higher early Thursday, finding support after a record close for the S&P 500 Index and by strengthening in the U.S. dollar versus the yen. The Nikkei Stock Average rose 0.5% to 15,888.56, and the broader Topix tacked on 0.6%, with gains also coming after Japanese core machinery orders surpassed expectations. Among exporters, Sharp Corp. surged 4.7%, Pioneer Corp. picked up 3.1% and Nissan Motor Co. gained 2.4%. Shares of Tokyo Electric Power Co. were higher by 2% following government approval of the power firm's turnaround plan.Copyright © 2014 MarketWatch, Inc....

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