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Japanese stocks head higher
(CNN) -- Japanese stocks are higher in early trade Friday after a mixed performance on Wall Street but strong U.S. growth. The Nikkei 225 average is up 0.46 percent to 10,744.86. The broader Topix is 0.34 percent ahead to 1057.44. On Thursday, the Nikkei fell 0.41 percent, its first decline in five sessions. Markets in Australia and South Korea are also slightly higher in early trade. In Tokyo, the dollar is trading at 108.62 yen, after touching a three-year low on Wednesday of 107.83 yen. Japanese exporters such as Sony are up after surprisingly strong growth in the U.S. economy underlined investor hopes for recovery in Japan's biggest export market. (Full story) Sony is ahead 1.85 percent to 3860 yen, and there are also good gains for tech-related stocks such as Fujitsu, Hitachi, Canon and Kyocera. The market's biggest stock, NTT DoCoMo, is up 4.64 percent to 248,000 yen, after a fall of 1.6 percent the previous day. DoCoMo and rival KDDI reported strong first-half profits on Thursday. Big banks are mainly lower, though falls are muted. The moves in Asia follow a mixed day for U.S. stocks Thursday, with the Dow Jones industrial average putting on 0.12 percent to 9786.61 but the tech-heavy Nasdaq slipping 0.2 percent to 1932.69. (Full story)
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