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Tokyo stocks tick up by break, extending rally
Imaduddin
22 Nov, 2016
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Copyright AFP (Agence France-Presse), 2016
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![](https://i.brecorder.com/images/2016/11/stock-asia6-nov.jpg">TOKYO: Tokyo stocks ticked higher Tuesday morning, recovering from an early sell-off as it emerged a powerful earthquake that triggered a tsunami along Japan's northeast coast caused limited damage.</P><P>The 6.9-magnitude tremor triggered waves along the coast including one of a metre (three feet) high that crashed ashore at the stricken Fukushima nuclear power plant.</P><P>A spokesman for plant operator TEPCO said there was no damage but it rekindled memories of the 2011 crisis when a massive tsunami swamped some of the plant's reactors, triggering a meltdown.</P><P>TEPCO earlier reported that a water cooling system at a reactor in the separate Fukushima Daini facility had briefly stopped in an automatic response, but that it was back up and operating.</P><P>In early trade the yen rallied against the dollar as investors sought out safe haven assets, which in turn sent the Nikkei lower a day after it his a 10-month high.</P><P>But it became clear there was no crisis, confidence returned to the trading floor</P><P>The benchmark Nikkei 225 index ended the morning up 0.04 percent, or 6.41 points, at 18,112.43, while the Topix index of all first-section issues rose 0.20 percent, or 2.88 points, at 1,445.81.'</P><P>)
