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TOKYO Henrik Lundqvist Jersey , Sept. 9 (Xinhua) -- The Nikkei stock index gained 0.28 percent Tuesday as the yen retreating close to 2008 levels versus the U.S. dollar, sending investors gunning to snap up exporter related issues, but the market's upside was kept in check amid a lack of fresh cues in later trade.

 

The Nikkei 225 index gained 44.04 points to finish at 15,749.15, while the broader Topix index of all first-section shares edged up 0.08 percent, or 0.98 points, to close the day at 1 Ryan McDonagh Jersey ,299.62.

 

The U.S. dollar largely holding firm above the 106 yen threshold during Tokyo trading hours, was a boon for exporters and investors looking to snap up issues with a broad exposure to overseas markets, as the dollar was trading against the yen at its highest level in almost six years.

 

"The weaker yen will steadily contribute to exporters' earnings. We're getting closer to an end to tapering and the raising of interest rates in the U.S., so this yen weakening is set to continue," said Toshihiko Matsuno, chief strategist at SMBC Friend Securities Co.

 

But investors became somewhat circumspect in later trade, he said Throwback New York Rangers Jerseys , amid a lack of fresh cues and of resurgent concerns about the health of the Japanese economy following Monday's dreary GDP figures.

 

Local brokers here pointed to Monday's disappointing GDP data released by the Cabinet office in the morning, showing the economy shrank an annualized 7.1 percent in April-June from the previous quarter, topping a preliminary estimate, and leading strategists here to conclude that the Bank of Japan (BOJ) will almost certainly have to unroll further monetary easing measures to underpin the economy that has taken a battering since the April 1 tax hike.

 

The Cabinet Office's figures revealed that the revised contraction marked the biggest decline since the January-March quarter in 2009, when firms here felt the full effects of the 2008 global financial crash.

 

GDP was officially revised down from a preliminary 6.8 percent drop, the government said Monday, owing largely to a plunge in capital expenditure and consumer spending -- both of which can be attributed directly to the April tax increase from 5 to 8 percent this year.

 

Hiroaki Hiwada Custom New York Rangers Jerseys , strategist at Toyo Securities Co., noted Tuesday that concerns over the course of Japan's economy also pressured the market's topside after the government a day earlier revised downward its real gross domestic product data for the second quarter of 2014. "From recent economic data including the GDP, market players have felt some negative impacts of the consumption tax hike from 5 percent to 8 percent on April 1," Hiwada said.

 

In the afternoon session with the U.S. dollar changing hands at 106.23 yen, compared with 106.03 yen logged in New York on Monday, exporter issues whose profit margins and outlooks are increased on a softer yen attracted buying Tuesday.

 

Hence, Mazda gained 1.6 percent to 2 Authentic New York Rangers Jerseys ,569 yen, while the world' s biggest automaker Toyota Motor Corp. advanced 0.3 percent to close at 6,127 yen. Yamaha Motor, meanwhile, accelerated 3.8 percent to finish at 2,059 yen.

 

Consumer electronic behemoth Sony Corp. also closed in positive territory, climbing 1.2 percent to 2 New York Rangers Jerseys For Sale ,042 yen, while Mitsubishi Electric jumped 2.2 percent to close at 1,401 yen. Electronic component maker TDK leapt 2.7 percent to finish the day at 5,610 yen.

 

Heavily weighted Nikkei issue SoftBank added 4.5 percent to 7, 969 yen, as the firm which holds a 34 percent stake in Alibaba Group Holdings -- the latter of which said Friday it plans to raise a record 24.3 billion U.S. dollars in its share sale -- and had its valuation set at 162.7 billion in its U.S. initial public offering.

 

Alibaba's listing in the United States is being hailed as one of the biggest in history and the company's valuation make it the third-most valuable IT company, after Google and Facebook and its valued in the S&P 500's top 5 percent of most valuable companies.

 

Precision machinery maker NSK climbed 2.9 percent to 1 Cheap New York Rangers Jerseys ,470 yen, following Nomura raising its rating on the firm's stock to "buy" from "neutral" and increased its target price from 1,400 yen to 1,700 yen.

 

Rival Jtekt Corp., also found traction Tuesday, leaping 5.1 percent to 1,734 yen Pavel Buchnevich Rangers Jersey , following the outlook for its shares also receiving a hike from a brokerage.

 

But financial issues weighed on the market, with Mitsubishi UFJ Financial Group Inc. retreating 0.7 percent to 606 yen and Aozora Bank Ltd. relinquishing 1.8 percent to close the day at 379 yen.

 

Machine toot maker Okuma Corp. also comprised one of the day's notable decliners, dropping 5 percent to 803 yen, after Credit Suisse Group AG cut its rating on the stock to "underperform" from "outperform," and lowering its share-price forecast from 1, 300 yen to 750 yen.

 

Issues related to Japanese tennis superstar Kei Nishikori closed lower Monday, as he lost his title chance in the U.S. Masters Open men's singles final earlier Tuesday.

 

Satellite broadcaster Wowow who broadcast the game live dropped 4.5 percent to 4 Brady Skjei Rangers Jersey ,490 yen. The firm had initially had the monopoly on the broadcasting rights for this unprecedented game that saw for the first time a Japanese player reach the finals.

 

Similarly, Nissin Foods Holdings, one of Nishikori's sponsors retreated 1.6 percent to 5,630 yen and tennis equipment maker Yonex tumbled 16.1 percent to close the day at 906 yen.

 

Trading volume on Tuesday increased to 1.89 billion shares on the Tokyo Exchange's First Section, up from Monday's volume of 1. 77 billion shares, with declining issues outnumbering advancing ones by 1,017 to 660.

 

 

 

LISBON, July 11 (Xinhua) -- Portuguese football fans celebrating last night's first European Championship title have more than one reason to celebrate.

 

According to a study carried out for local financial daily Diario Economico, the trophy will have an economic impact of 609 million eu.