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Nikkei falls 1.4 pct after rally, financials slide

Mon May 11, 2009 10:05pm EDT

Stocks

   
 TOKYO, May 12 (Reuters) - The Nikkei average fell 1.4 percent
on Tuesday after booking a six-month closing high the previous
day, with bank shares such as Mitsubishi UFJ Financial Group
(8306.T) taking a breather following sharp gains fuelled by
optimism about the U.S. banking system.
 The benchmark Nikkei .N225 shed 136.31 points to 9,315.67.
It rose 0.2 percent on Monday to its highest close since Nov. 5.
 Tuesday's fall comes after the Nikkei had recovered about 34
percent from an intra-day low hit on March 10.
 The broader Topix  declined 1.3 percent to 889.19.
 (Reporting by Aiko Hayashi)









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