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Nikkei dips and recovers

Latest update : 2008-09-24

The Nikkei index dipped but closed up 24.44 points, or 0.20%, on Wednesday. Investor confidence was helped by Japanese financial groups' taking stakes in troubled US companies.

Japanese share prices closed up 0.20 percent on Wednesday, reversing early losses on easing concerns about the financial health of US investment banks which are finding investors.

The Tokyo Stock Exchange's benchmark Nikkei-225 index rose 24.44 points to end at 12,115.03.

Sentiment was helped by moves by Japanese financial giants to take big stakes in troubled Wall Street titans, while US tycoon Warren Buffett's Berkshire Hathaway agreed to invest five billion dollars in Goldman Sachs.

Date created : 2008-09-24

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