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Japan’s Nikkei Keeps Asia Afloat – Barron’s

Japan’s benchmark Nikkei index was the region’s best performing bourse for the second day running, as most Asian stock markets struggled to stay in positive territory.

The Nikkei 225 rallied in the last hour of trading to close 0.53% higher at 22,539, another 21-year high. Kobe Steel (5406.JP), whose shares have plummeted in recent weeks amid a data falsification scandal, was the best performing stock with a 8.73% gain. Honda Motor (7267.JP) jumped 5% to its highest in almost two years after the Japanese car maker announced a  JPY90 billion buyback, its first stock repurchase since 2010,  and a more generous shareholder return policy.

Japan’s Nikkei Keeps Asia Afloat – Barron’s}

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