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Market Update: Japan Stocks Extend Gains
The Nikkei 225 rose 63 points or 0.21% to 30,312 in early trade on Monday, gaining for the second straight session, as the local COVID-19 situation improves further. The state of emergency is set to end at the end of the month, with the government reportedly planning to discuss the advisability of fully removing the emergency and draw a conclusion Tuesday after examining the degree of strains on medical systems. In the US, Wall Street ended Fridays session little changed, with the Dow Jones and the S&P 500 extending gains for the third day while the Nasdaq Composite closed unchanged following a move from the PBoC to ban cryptocurrencies and mounting concerns over a potential default from Evergrande. In recent data, Japan’s consumer prices fell for the 11th straight month in August; while core consumer prices were flat, ending a drop for the first time in 13 months. [/s2If]
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