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Stock impact report

Nikkei's rebound runs into resistance at 25-day average, start-ups fall [Reuters]

TOKYO ELECTRON UNSP/ADR (TOELY) 
NASDAQ:AMEX Investor Relations: tel.com/ir
Company Research Source: Reuters
Nikkei's rebound runs into resistance at 25-day average, start-ups fall | Reuters Reuters Staff 3 Min Read * Dollar/yen rises to 110 yen, provides tailwind for market * Nikkei fails to beat 25-day moving average * Mothers index sinks to 7-month low By Hideyuki Sano and Tomo Uetake TOKYO, June 5 (Reuters) - A recovery in Japanese shares ran out of steam on Tuesday as the Nikkei average faced stiff resistance at its 25-day average, but sentiment was underpinned by stellar U.S. jobs data last week and a weakening yen. The Nikkei share average closed 0.3 percent higher at 22,539.54 points, after failing to sustain gains above its 25-day average of 22,562. The benchmark has bounced since it hit a six-week low of 21,932 a week ago. The broader Topix was little changed at 1,774.96, with the JPX-Nikkei 400 edging up 0.1 percent to 15,696.35. “It is clear that the economic fundamentals are pretty strong. Although we have trade issues, on the whole we can expect earning growth of more than 10 p Show less Read more
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