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Nikkei rises helped by gains in real estate, chip-related cos; Nikkei flat on week


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TOKYO, Dec 8 (Reuters) - Japanese stocks rose on Friday on gains for most sectors after Wall Street climbed overnight, while Japan Display jumped on hopes that Apple may use liquid crystal technology on one of its new smartphones.

The Nikkei 225 share average .N225 ended 1.4 percent higher at 22,811.08, staying comfortably above the settlement price of December Nikkei futures JNIc1 and options 0#JNI*.OS contracts at 22,590.66. urn:newsml:reuters.com:*:nL3N1O801R

For the week, the Nikkei was flat. Earlier this week, the market was hammered by news U.S. President Donald Trump will recognise Jerusalem as Israel's capital and set in motion the relocation of the U.S. Embassy to the ancient city, a move many feared could fuel violence in the Middle East.

Japan Display Inc6740.T , which has been earning half its revenue selling liquid crystal displays (LCD) to Apple IncAAPL.O , ended 8.4 percent higher after the Nikkei business daily reported that Apple may use LCD for one of its three new smartphones it is planning to release late next year. urn:newsml:reuters.com:*:nL3N1O81AO

The broader Topix .TOPX gained 1.0 percent to 1,803.73, with 32 of its 33 subsectors in positive territory.

(Reporting by Ayai Tomisawa; Editing by Sam Holmes) ((ayai.tomisawa@thomsonreuters.com; 81-3-6441-1875; Reuters Messaging: ayai.tomisawa.thomsonreuters.com@reuters.net))

Keywords: JAPAN STOCKS/CLOSE




This article appears in: Stocks , World Markets , Politics


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