Nikkei pares early gains on U.S. govt shutdown concerns

Reuters

TOKYO, Oct 1 (Reuters) - Japan's Nikkei stock average pared

much of its early rise to close up 0.2 percent on Tuesday,

weighed down by worries about the consequences of a U.S.

government shutdown.

The benchmark Nikkei closed at 14,484.72, after

advancing as much as 1.3 percent to 14,642.97 at one stage as

strong corporate sentiment data reinforced expectations that the

prime minister would go ahead with a fiscal reform plan and

offer stimulus to soften the impact on economy.

Prime Minister Shinzo Abe was expected to announce details

on the government's fiscal strategy later on Tuesday.

The broader Topix eased 0.1 percent to 1,193.44 in

relatively subdued trade, with 2.79 billion shares changing

hands.

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