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. Last Updated: 07/27/2016

Tokyo Outage Leaves Nikkei OK

TOKYO -- The Nikkei closed up almost 2 percent Monday, after a widespread power outage in Tokyo temporarily disabled electronic updating systems.

The Nikkei 225 index rose 292.09 points, or 1.88 percent, to close at 15,857.11 after the glitch, induced by a massive blackout in the capital Monday morning, left the Nihon Keizai newspaper, which publishes the indices, unable to update the benchmark index for about three hours in the afternoon, the company said in a statement.

A construction crane accidentally shorted out power lines in the Tokyo area early Monday, cutting electricity to more than 1 million homes and shutting down train and subway lines. Power was restored to all areas by noon.

Prices went up as investors welcomed the cease-fire in the Middle East between Israel and Hezbollah. The light volume of trade Monday during a Japanese summer holiday week lightened the impact of inconveniences caused by the Nikkei glitch.