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Nikkei rises 0.1 percent on exporters, Sumitomo Realty

Thu Aug 2, 2007 10:10pm EDT

Stocks

   

(Updates to midsession)

TOKYO, Aug 3 (Reuters) - Japan's Nikkei average rose 0.14 percent on Friday, continuing to pull back from a more than 2 percent loss two days earlier, as investors picked up exporters such as TDK Corp. (6762.T) after further gains on Wall Street and a softer yen.

Shares of Sumitomo Realty & Development Co. Ltd. (8830.T) jumped nearly 6 percent after Japan's third-largest property firm posted a 50 percent rise in group quarterly operating profit and revised up its first half forecast due to improved profit margins in its condominium business.

The Nikkei .N225 ended the morning session up 24.56 points at 17,008.67.

The broader TOPIX index added 0.21 percent to 1,672.87.



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