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Tokyo: Nikkei rises as yen steadies, still down sharply on the week

Friday, June 17, 2016 - 14:19
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[TOKYO] Japan's Nikkei share average rose on Friday, rebounding from four-month lows, as the surging yen steadied.

The Nikkei ended up 1.1 per cent at 15,599.66 points after tumbling 3.1 per cent on Thursday following the Bank of Japan's decision to refrain from introducing more stimulus, which caused the yen to spike.

The Nikkei was still down 6 per cent on the week in which Brexit concerns buffeted global equity markets and sent investors into safe assets such as the yen and government bonds.

The broader Topix climbed 0.8 per cent to 1,250.83 and the JPX-Nikkei Index 400 added 0.7 per cent to 11,270.83.

REUTERS