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Nikkei rises 0.2 pct on short-covering; Mazda falls

Published 10/17/2010, 08:15 PM
Updated 10/17/2010, 08:20 PM

TOKYO, Oct 18 (Reuters) - Japan's Nikkei average rose 0.2 percent on Monday on short-covering after losing nearly 1 percent the previous session.

Shares of Mazda Motor Corp <7261.T> fell 2.8 percent after a source with knowledge of the matter said Ford Motor Co is planning to sell almost all of its remaining stake in the Japanese auto company. [ID:nTOE69F00H]

The benchmark Nikkei <.N225> climbed 0.2 percent higher to 9,517.68, while the broader Topix <.TOPX> gained 0.1 percent at 827.21. (Reporting by Chikafumi Hodo; Editing by Edwina Gibbs)

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