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Nikkei flat, exporters' gains offset by banks

Tue May 13, 2008 10:07pm EDT

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TOKYO, May 14 (Reuters) - Japan's Nikkei share average ended the morning flat on Wednesday, as rises in exporters such as Honda Motor Co Ltd (7267.T) on a softer yen were offset by declines in banks after U.S. Federal Reserve Chairman Ben Bernanke said financial markets remained troubled.

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The market was also dented by index heavyweight Tokyo Electron Ltd, (8035.T) which fell after the world's second-largest semiconductor equipment maker forecast profit to halve this year as its customers rein in spending. [ID:nT246620]

The benchmark Nikkei average .N225 ended the morning down 0.02 percent at 13,951.53. The broader TOPIX index fell 0.1 percent to 1,358.21.

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