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Tokyo stocks hit three-month high on better US data

June 6, 2014

TOKYO, June 5 (KUNA) -- Tokyo stocks extended their winning streak for a fourth straight session on Thursday, with a key index ending at a three-month high on stronger US economic data. The benchmark Nikkei 225 Stock Average on the Tokyo Stock Exchange (TSE) advanced 11.41 points, or 0.08 percent, from Wednesday to 15,079.37, the highest finish since March 11. The broader Tokyo Stock Price Index, which includes all First Section issues on the TSE, was down 1.20 points, or 0.10 percent, to 1,232.75. On Wednesday, the Institute for Supply Management said its index of activity in the US service sector for May showed better-than-expected results, fueling optimism over a better US recovery.

In the currency markets, at 5:15 p.m. (0815 GMT), the US dollar traded at JPY 102.53-56 versus JPY 102.70-80 in New York and JPY 102.63-65 in Tokyo at 5 p.m. Wednesday. (end)

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Source: Kuwait News Agency

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