Nikkei Seen Moving Little
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Tokyo stocks will probably move little on Thursday amid worries over higher oil prices and their possible impact on global economies, but the market will be supported by bargain hunting following recent sharp losses.
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The Nikkei average is expected to open   slightly higher on Thursday as a Wall Street rise encourages   buying of some blue-chip exporters, while the debut of   community site Mixi Inc. 2121.T could boost sentiment on   Internet stocks.
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Tokyo's Nikkei average dipped 0.2 percent  by mid-afternoon on Tuesday as growing worries over the  domestic economic outlook hit banks and insurers, offsetting  gains in shipping firms and other companies with bright  earnings prospects.
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The Nikkei average rebounded from a   one-month low and was flat by midday on Tuesday as falls in   trading houses such as Mitsubishi Corp. on weak commodities   prices were offset by gains in a handful of core technology   shares.
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The Nikkei average edged up 0.23 percent  by mid-morning on Tuesday as investors remained optimistic  about Japan's economy and bought banks and shares in firms that  depend on domestic business.
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Japanese stocks will probably move little on Monday as soaring oil prices and caution ahead of the U.S. presidential election next month and its possible impact on financial markets make investors nervous about trading actively.
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The Nikkei average nudged down 0.04   percent on Friday as investors took profits in recent gainers   such as Toshiba Corp. 6502.T, although trade was relatively   slow ahead of a closely watched U.S. jobs report.
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Japan's Nikkei average edged up 0.25  percent at the opening on Tuesday as investors stayed  optimistic about Japan's economy and bought banks and insurance  firms.
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Japanese stocks edged higher at Wednesday's open, though light profit-taking soon pushed the benchmark Nikkei downward while most investors awaited quarterly earnings results.
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Japanese stocks trod water by  mid-afternoon on Tuesday as recent gainers including miners  wilted on profit-taking, but growing optimism on the domestic  economic outlook buoyed a handful of other small-cap stocks.
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Asian stock markets took a breather  on Monday with Tokyo&#39;s Nikkei slipping on fresh worries about  the economy, while the yen was steady in a session likely to be  dulled by the U.S. Labor Day holiday.
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Tokyo's Nikkei average is expected to  gain ground on Monday as firmness in U.S. technology stocks  eases investors' nervousness toward that sector in Japan.
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Japanese stocks are expected to change  little from the previous day's closing levels on Thursday as  investors await key domestic economic data and earnings reports  from companies such as Tokyo Electron Ltd.  September machinery  orders data is due on Thursday afternoon, ahead of Friday's  gross domestic product (GDP) figures for the July-September  quarter.
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Tokyo's Nikkei average fell 0.14 percent  by midday on Thursday with losses in shipping firms, steel  makers and several technology shares overshadowing gains in  selective small-cap stocks and firms with bright earnings  outlooks.
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Japanese shares will probably move in a  narrow range in a week shortened by public holidays, but could  dip below the 11,000 level as earnings disappointment saps Wall  Street's momentum and as concern lingers over the global  economic outlook.
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Tokyo&#39;s main stock index edged slightly lower in morning trading Friday as investors took profits from gains the day before. The US dollar was down against the Japanese yen.
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Japanese stocks are expected to move in a narrow range on Monday as investors take a wait-and-see attitude because of concern over the impact on the economy of the strong yen.