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<Asian Mkt>Nikkei Closes Down 0.7% at Midday
Japanese stocks headed south again since Japanese yen continued to rebound. In face of pressure from the U.S, the market expected that it is difficult for the central bank to inter...
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<Asian Mkt>Nikkei Closes Down 0.7% at Midday
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Japanese stocks headed south again since Japanese yen continued to rebound. In face of pressure from the U.S, the market expected that it is difficult for the central bank to intervene the exchange rate. Nikkei 225 Stock Average stood at 16,543 at midday, down 111 pts or 0.7%.

USD/JPY hovered at the level of 109 and last stood at 109.4. Export shares were under pressure. Bridgestone faded 1.2% and Panasonic sagged 1.6%.
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