Traders said that the stock market had risen instinctively in the morning in reaction to the report of a business tie-up between Nintendo and Matsushita Electric Industrial, and news of new products coming from Sony, Takeda Chemical Industries and Taisho Pharmaceuticals.
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THE BENCHMARK Nikkei 225 average closed up 1.22 per cent, boosted by a stream of positive corporate news, but profit taking ensured that it failed to sustain an early rise above 17,000, closing at 16,947.36.