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Nikkei flat as real estate, construction stocks weigh

Nikkei flat as real estate, construction stocks weigh
From Reuters - December 10, 2017

TOKYO, Dec 11 (Reuters) - Japanese stocks struggled for traction on Monday as gains in financial shares were offset by drops in real estate and construction companies, with Obayashi Corp diving more than 8 percent.

Obayashi tumbled on reports that it is under investigation on suspicion of rigging contracts for Japans magnetic levitation train line.

The Nikkei share average was little changed at 22,815.28 by midmorning trade after opening up 0.4 percent.

Financials gained ground, with Mitsubishi UFJ Financial Group rising 1.0 percent, Sumitomo Mitsui Financial Group up 2.0 percent and insurer T&D Holdings adding 1.3 percent.

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