- Title: JAPAN: Nikkei breaks 10,000 for first time in 7 months.
- Date: 10th March 2012
- Summary: TOKYO, JAPAN (MARCH 9, 2012) (REUTERS) TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING: "TOKYO STOCK EXCHANGE" JAPANESE TELEVISION STATIONS FILMING IN FRONT OF ELECTRONIC STOCK BOARD JAPANESE REPORTER TALKING ELECTRONIC STOCK BOARD SHOWING NIKKEI CLOSING PRICE AT 9929.74 UP 160.78 WITH A HIGH OF 10,007.62 STOCK PRICES ON ELECTRONIC STOCK BOARD TSE MARKET CENTRE VARIOUS OF TSE MARKET CENTRE
- Embargoed: 25th March 2012 13:00
- Location: Japan, Japan
- Country: Japan
- Topics: Economy
- Reuters ID: LVA1MH96XK9LNO1MP3FJWXADQRJA
- Story Text: Japan's Nikkei average topped 10,000 for the first time in seven months on Friday (March 9), buoyed by signs that Greece had avoid a messy default and by a weaker yen, which would help struggling Japanese exporters.
The benchmark index closed up 1.7 percent at 9,929.74 after trading as high as 10,007.62.
It trimmed gains after some investors pocketed gains ahead of the U.S. February jobs data.
The yen, which slipped to a 9-1/2-month low against the dollar, boosted stocks in export-oriented firms.
Greece said after the Japanese market closed that 85.8 percent of private creditors had accepted its bond swap offer, which is key to securing an international bailout to avoid a disorderly default.
The benchmark Nikkei has risen more than 17 percent this year, buoyed by a run of strong U.S. economic data and accommodative monetary policies by global central banks that have sent investors back into risk assets.
The yen, on the other hand, has lost more than 6 percent against the greenback this year.
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