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Tokyo shares firm after Dow renews record high

Published on May 12, 2014 9:16 AM

TOKYO (AFP) - Japanese shares traded higher in early trade Monday on sustained investor optimism after Wall Street shares reached a new closing high.

The headline Nikkei index at the Tokyo Stock Exchange was up 0.21 per cent or 29.45 points at 14,229.04 shortly after the opening bell.

The market's upward momentum came after the Dow Jones Industrial Average closed last week at a fresh record high, with investors shrugging off mixed earnings reports and uncertainty over the Russia-Ukraine crisis.

The Dow Jones Industrial Average advanced 32.37 points (0.20 per cent) to 16,583.34, 2.5 points above the previous high on April 30.

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