Nikkei gains

Posted by 7Star Tuesday, March 2, 2010

Japan's Nikkei average rose 0.5 percent on Monday, with metal shares such as Sumitomo Metal Mining Co climbing on a jump in copper prices after a massive earthquake hit Chile, the world's No 1 copper producer. Japan's three biggest banks, including Mitsubishi UFJ Financial Group, rose after J.P. Morgan upgraded them to "overweight", citing bank stocks' historical tendency to rally in spring and decreasing risks to their earnings.

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