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TOKYO (MarketWatch) -- Japan\'s Nikkei 225 Average was up 1.1% at 10,206.33, and the Topix was at 902.59, up 2%, in early trading Wednesday, as bank shares jumped following a report that new capital-adequacy rules may be delayed by at least 10 years. Shares of Mizuho Trust & Banking Co. /quotes/comstock/!8404 (JP:8404 82.00, +1.00, +1.23%) /quotes/comstock/11i!mzatf (MZATF 0.92, +0.00, +0.03%) rose 13.4%, Shinsei Bank /quotes/comstock/!8303 (JP:8303 104.00, 0.00, 0.00%) /quotes/comstock/11i!sklkf (SKLKF 1.14, -0.01, -0.87%) spiked 20.2%, and Aozora Bank /quotes/comstock/!8304 (JP:8304 98.00, -2.00, -2.00%) /quotes/comstock/11i!aozof (AOZOF 1.45, +0.06, +4.17%) climbed 18.4%. Many of the bigger banks opened bid-only. Weakness in the yen overnight also helped support the broad stock gains in Tokyo. Elsewhere, South Korea\'s Kospi rose by 0.1%, while Australia\'s S&P/ASX 200 added 0.3%. |
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