Nikkei closes at new seven-year high

Japanese stock market recouped early losses to finish the session at new seven-year high on Friday, 05 December 2014, as yen weakening to 120-level against the greenback and lower crude oil prices sparked buying, with stocks of export-related companies and energy players being major gainers. The benchmark Nikkei Stock Average advanced 33.24 points, or 0.19%, to 17920.45, a new post-financial-crisis high, a highest level since July 2007. The index gained 2.6% this week and is up 10% for the year so far.

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