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Nikkei up as high techs rise, financials fragile

Mon Feb 11, 2008 9:07pm EST

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(Updates to midsession)

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TOKYO, Feb 12 (Reuters) - Japan's benchmark Nikkei share average edged up in seesaw trade on Tuesday, as TDK Corp (6762.T) and other high-tech shares overcame downward pressure from financial shares that were sold on U.S. credit fears. Yahoo Japan firmed, rising 1.1 percent after Yahoo Inc (YHOO.O) rejected Microsoft Corp's (MSFT.O) takeover bid as too low, raising the possibility of a higher offer. [ID:nN11617754]

The benchmark Nikkei .N225 was up 15.01 points or 0.1 percent at 13,032.25 at midsession after moving in a tight band of just over 100 points. The broader TOPIX was down 0.2 percent at 1,284.54, a loss of 2.6 points. (Reporting by Elaine Lies)



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