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Tokyo stocks open flat on Monday

Published on Jul 7, 2014 9:47 AM

TOKYO (AFP) - Tokyo stocks opened almost flat on Monday as investors waited for Wall Street to return to action after an extended weekend.

The Nikkei 225 index, which ended last week at its highest level since late January, slipped 3.64 points, or 0.02 per cent, to 15,433.49 at the start.

"The market is technically overheated, making further gains harder to come by past the mid-15,000 level," said Monex chief strategist Takashi Hiroki.

"It will take more positive US economic data, as well as further confidence in Prime Minister Abe's economic revival policies to enable the next upsurge," he told Dow Jones Newswires.

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