Nikkei rises as Japan's new chief picked

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Japan's Nikkei rose on Monday but erased some of the early gains, as Finance Minister Yoshihiko Noda, a fiscal hawk, won the DPJ leadership election.

The benchmark Nikkei index rose over 53 points or 0.6 percent at around 8,850, down from an intraday high of over 8,900. South Korean stocks closed higher with Kopsi up 2.8 percent. Hong Kong's Hang Seng rose 1.5 percent, while Taiwan's TAIEX index rose 132.91 points.

But on the Chinese mainland, the benchmark Shanghai Composite Index lost half a percent and the Shenzhen Composite Index was 1.1 percent down. Elsewhere, Australia's S&P/ASX 200 gained 1.9 percent.

Editor:Xiong Qu |Source: CNTV.CN



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