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Nikkei rises for 3rd day, cheered by Wall St gains and lower yen

Nikkei rises for 3rd day, cheered by Wall St gains and lower yen
From Reuters - September 12, 2017

* Risk mood has come back - analyst

* Hitachi soars after brokerage upgrade

By Ayai Tomisawa

TOKYO, Sept 13 (Reuters) - Japanese stocks rose for a third day to hit a fresh one-month high on Wednesday after Wall Street strengthened and the dollar scaled a two-week top on the yen, helping buoy cyclicals such as exporters and banks.

The Nikkei gained 0.5 percent to 19,867.72 in midmorning trade, after earlier reaching 19,879.85, the highest level since Aug. 9.

The S&P 500, Dow Jones industrials and Nasdaq Composite clocked record closes, with investors drawn to riskier assets as concerns over U.S.-North Korea tensions eased and the financial impact from Hurricane Irma appeared less severe than initially feared.

In Tokyo, brokerage, insurance and banking sectors outperformed with U.S. Treasury yields hitting two-week highs.

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