Around the World's Markets: TOKYO

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The Independent Online
THE NIKKEI 225 index closed 124.5 higher at 16,851.58, a rise of 0.7 per cent. As confidence in an economic upturn strengthened overseas buyers were picking up recovery stocks such as Nippon Steel, which rose 12 per cent to a 12-month high.

Other steel stocks moved higher. Car stocks were generally firm with Honda closing 150 higher at 5,400. Sega Enterprises and Nintendo advanced, but technology stocks met some profit-taking. NTT fell 0.7 per cent to 1.75m yen.