Wednesday, December 17, 2008

Nikkei rises 2.0 pct after big Fed rate cut

The benchmark Nikkei average .N225 rose 2.0 percent to 8,741.24 in early trade on Wednesday, after the U.S. Federal Reserve slashed borrowing costs to a record low the previous day.

The broader Topix index .TOPX climbed 1.9 percent to 844.77. (Reporting by Rika Otsuka)

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