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Euro Zone Flash Composite PMI 48.9, Highest Since March 2012

Nikkei hits 21-month high, set for best yearly rise since 2005

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Published: Thursday, 27 Dec 2012 | 7:10 PM ET

TOKYO, Dec 28 (Reuters) - Japan's Nikkei average rose to a 21-month high in early trade on Friday, on track to log its best yearly gain since 2005, buoyed by a weaker yen on expectations of aggressive monetary stimulus under new Prime Minister Shinzo Abe. The Nikkei advanced 0.9 percent to 10,409.05, rising for the fourth straight session. The benchmark Nikkei is up 23 percent this year. The broader Topix index gained 0.7 percent to 859.72.

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TOKYO, Dec 28- Japan's Nikkei average rose to a 21- month high in early trade on Friday, on track to log its best yearly gain since 2005, buoyed by a weaker yen on expectations of aggressive monetary stimulus under new Prime Minister Shinzo Abe. The Nikkei advanced 0.9 percent to 10,409.05, rising for the fourth straight session.

   
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