Nikkei jumps 6.4 pct after hitting 26-yr low

Tue Oct 28, 2008 6:08am GMT
 
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TOKYO (Reuters) - The Nikkei average climbed 6.4 percent on Tuesday, with investors picking up beaten-down shares such as Honda Motor (7267.T), encouraged by a softer yen and after the benchmark briefly broke below 7,000 for the first time in 26 years.

The Nikkei .N225 gained 459.02 points to 7,621.92. It earlier fell as much as 2.3 percent to 6,994.90, its lowest since 1982.

The broader Topix rose 5 percent to 784.03 after falling 3 percent at one stage.

(Reporting by Aiko Hayashi)

 
Anthony Bolton, president for investments at Fidelity International, an affiliate of Boston-based Fidelity Investments, the world's biggest mutual fund firm, listens to a reporter's question during a news conference in Seoul October 21, 2009.   REUTERS/Lee Jae-Won
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