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Nikkei down 0.9 pct as Inpex, exporters decline

Thu Jun 19, 2008 10:12pm EDT

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(Updates to midday)

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TOKYO, June 20 (Reuters) - Japan's Nikkei average fell 0.9 percent on Friday, dented by Inpex Holdings (1605.T) and other oil-related shares after oil prices plunged nearly $5 when China said it will raise domestic fuel prices.

Exporters, which had gained recently, also fell to bring down the market.

The benchmark Nikkei .N225 was down 132.74 points to end the morning session at 13,997.43.

The broader Topix shed 0.9 percent to 1,363.02. (Reporting by Aiko Hayashi)

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