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Market Report Nikkei Breaks 10000 Mark

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Uploaded by on Dec 5, 2009

In todays Market Report Japan's Nikkei share benchmark cracked the 10,000 level for the first time in five weeks Friday. It was lifted by exporters like consumer giant Sony.

The yen continued to edge lower against the U.S. dollar, helping to support Japanese shares.

Sony was up after saying it sees robust demand for PlayStation 3 and other products this holiday season. Year-end sales represent a crucial portion of annual revenues. And Sony has been struggling to keep up with Korean rivals and U.S. IT firms like Apple.

Elsewhere in Asia, regional stocks were flat to higher with transport firms like Korean Airlines gaining on hopes of recovery.

In China, focus was on two IPOs with China Shipbuilding planning to raise $2.2 billion in Shanghai.

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