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Latest Business News

Japan Stocks Mixed; Dollar Slips Vs. Yen

Sunday, November 13, 2005 10:19:02 PM

TOKYO (AP) - Japanese stocks were mixed Monday, with the blue chip index up but the broader market index down, as bullish sentiment and gains last week on Wall Street generally underpinned the market. The dollar slipped against the yen.

The Nikkei 225 index advanced 34.60 points, or 0.24 percent, to finish the morning at 14,189.66 on the Tokyo Stock Exchange. The broader TOPIX, which includes all issues on the exchange's first section, dipped 2.78 points, or 0.19 percent, to 1,491.78.

The Nikkei hit a fresh 4 1/2-year high on Friday, as investors cheered data showing that the gross domestic product expanded at an annual pace of 1.7 percent in the July-September quarter. The fourth straight quarter of growth provided yet more evidence that Japan's economy is emerging from nearly 15 years of inconsistent growth.


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