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Nikkei rises to 8-mth high, Mitsubishi Heavy jumps

Thu Jun 11, 2009 10:05pm EDT

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TOKYO, June 12 (Reuters) - Japan's Nikkei average rose about 1 percent to hit its highest level in eight months on Friday as improving confidence about the health of the global economy spurred broad-based gains.

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Mitsubishi Heavy (7011.T) shot up more than 6 percent, helped by a report that it was close to securing a deal to construct the world's first large-scale coal gasification power plant in Australia and by a brokerage upgrade.

The benchmark Nikkei .N225 climbed 1 percent to 10,076.28, after rising as high as 10,089.15, its highest point since October 7 and more than 40 percent higher than its March bear market low.

The broader Topix added 0.7 percent to 946.87. (Reporting by Aiko Hayashi)

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