Nikkei soars 5.2 percent

Posted by 7Star Saturday, March 14, 2009

Japans Nikkei average rose 5.2 percent on Friday, its biggest one-day gain in over 3 months as Canon Inc and other exporters surged after data showed US retail sales stabilising and Bank of America reported a return to profit. Banks such as Mitsubishi UFJ Financial Group also made robust gains and the benchmark climbed 5.5 percent on the week, its largest weekly advance since late November.

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