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Around the World's Markets: TOKYO

TOKYO STOCKS finished the day modestly higher, with Monday's rise on Wall Street tempering fears of a sharp correction in stock prices.

But investors remained wary ahead of an earnings announcement from the US computer chip giant Intel, made after the New York stock market closed last night.

The Nikkei index closed up 207.76 points - or 1.26 per cent - at 16,715.16, while Nikkei futures closed up 180 at 16,740.