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Tokyo stocks rise on earnings reports

The Japan Times

Tokyo stocks gained Wednesday, led by issues of companies that released their earnings reports the day before. The 225-issue Nikkei average climbed 62.08 points, or 0.21%, to end at 29,053.97, after shedding 134.34 points Tuesday. The Topix index of all first section issues advanced 5.51 points, or 0.29%, to finish at 1,909.06, following a 14.60-point drop the previous day. The Tokyo market began on a weak note as players took to position-squaring selling ahead of the Golden Week holiday period, starting Thursday. Stocks headed north later in the morning thanks to buying of firms which released their earnings results and forecasts Tuesday such as industrial robot-maker Fanuc and electronics maker Fuji Electric.