Nikkei hits new 9-mth high on recovery hopes

Japan's Nikkei average hit a new nine-month peak on Tuesday, extending gains for a third straight day, as investors pile into riskier assets in developed economies on hopes for a steady economic recovery.

February 08, 2011 / 12:54 IST

Japan's Nikkei average hit a new nine-month peak on Tuesday, extending gains for a third straight day, as investors pile into riskier assets in developed economies on hopes for a steady economic recovery.

The benchmark Nikkei was up 0.5% or 50.15 points at 10,643.25 after rising as high as 10,647.59, the benchmark's highest level since May 6.

The broader Topix added 0.5% to 945.03.

first published: Feb 8, 2011 08:52 am

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