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Nikkei rallies after record falls

Text by AFP

Latest update : 2008-10-28

Stocks in Tokyo closed up 6.41% as investors hunted for bargains after the Nikkei suffered some of its worst losses since 1982 in volatile trading.

Japanese stocks soared 6.41 percent by the close on Tuesday as the yen fell sharply and investors hunted for bargains after the Nikkei index tumbled to a 26-year low.
   
The Nikkei ended up 459.02 points at 7,621.92, snapping a four-day losing streak.
   
Trading was extremely volatile with the benchmark falling below the key 7,000-point level at one point in early trade for the first time since 1982.
 

Date created : 2008-10-28

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