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Nikkei rises to 5-month highs, exporters gain on strong US data

Published on Jul 2, 2014 11:40 AM

TOKYO (Reuters) - Tokyo's Nikkei share average rose to a five-month peak on Wednesday morning after Wall Street scored record-closing highs thanks to strong manufacturing activity in the United States, Japan's biggest export market.

Exporters were stronger after the dollar edged up to 101.54 yen from Tuesday's low of 101.29 yen.

The Nikkei rose 0.5 per cent to 15,400.79 in mid-morning trade after hitting as high as 15,444.63 earlier, the best level since January 24.

The Dow and S&P 500 both surged to record closing highs, underpinned in part after financial data firm Markit said its final U.S. Manufacturing Purchasing Managers Index rose to 57.3 in June, the highest since May 2010.

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