Nikkei 225 climbs for the second straight day

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Source: Dukascopy Bank
© Scanpix/AFP
Japan's Nikkei Stock Average soared on Thursday, after PBOC announced it will allow more lending and postpone stricter capital requirement restrictions. Nikkei 225 Index gained 1.12% or 95.95 points to 8,646.53, driven by industrial and basic material sectors. Nomura Holdings Inc. climbed 4.3%, while Daiwa Securities Group Inc. added 4.9%. On the downside Japan Tobacco dropped 3.27% and video game software producer Konami Corp. lost 2.5%. 

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Thu, 19 Jan 2012 14:42:02 GMT

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