Nikkei gains amid LDP election victory and fiscal cliff talks

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Source: Reuters
© Scanpix/RS
Japan's Nikkei hit its highest level in more than an 8-month period for a second day in a row on Tuesday as Sunday's election victory of the conservative Liberal Democratic Party increased the possibility of further monetary easing in Japan in order to boost the economy. Increasing optimism on U.S. budget talks also added to the positive mood of investors resulting in a 1.0% growth of the Nikkei index to 9,923.01, when it was traded earlier at 9,967.24.
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