Bloomberg News

Nikkei 225 Erases Losses From Before Lehman Collapse

March 07, 2013

Japan’s Nikkei 225 Stock Average (NKY) rose above the level on the last trading day before Lehman Brothers Holdings Inc. collapsed, after the yen slid to the lowest in 3 1/2 years against the dollar and data showed Japan’s economy returned to growth.

The Nikkei 225 gained 2 percent to 12,203.13 as of 11:12 a.m. in Tokyo, after climbing as high as 12,223.22. The measure closed at 12,214.76 on Sept. 12, 2008, before Lehman Brothers filed for bankruptcy.

To contact the reporters on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net; Anna Kitanaka in Tokyo at akitanaka@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


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