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Nikkei up 2.3 pct on U.S. earnings; techs, banks higher

Wed Apr 16, 2008 10:11pm EDT

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(Updates to midday)

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TOKYO, April 17 (Reuters) - Japan's Nikkei stock average rose 2.3 percent on Thursday as exporters such as Canon Inc (7751.T) climbed after solid earnings from IBM (IBM.N) and other U.S. companies reassured investors about corporate profitability amid a weak economy.

The benchmark Nikkei average .N225 added 306.10 points to end the morning session at 13,452.23, poised to finish the day at its highest close since Feb. 29.

The broader TOPIX index climbed 2.2 percent or 27.97 points to 1,299.85. (Reporting by Aiko Hayashi)

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