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Article: Nikkei up but profit-taking weighs; Pioneer climbs.
- Article from:
- Financial Mirror (Cyprus)
- Article date:
- November 6, 2009
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Japan's Nikkei stock average rose 0.7 percent on Friday as exporters climbed after good news on U.S. jobs renewed hopes about the pace of economic recovery and as tech shares rose after gains by their U.S. peers, but profit-taking weighed on gains.
Pioneer Corp advanced nearly 9 percent after UBS upgraded the consumer electronics company to "neutral" from "sell" after it said on Thursday that it needs to raise less funds than previously planned, and NEC Corp climbed despite saying it plans to raise up to $1.5 billion in shares.
But the market's gains were limited by wariness ahead of U.S. jobs data due on Friday, as well as by longer-term uncertainty ...