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Nikkei falls over 1 pct after Europe warning

The Nikkei share average slipped on Tuesday, breaking a three-day rally, after a warning from Standard & Poor's raised fears of possible sovereign credit downgrades of top-rated European nations. Shares in Olympus Corp soared as much as 15 percent as investors bet that a panel report into its scandal-ridden accounts would not turn up any nasty new surprises which could lead to the stock being delisted from the Tokyo bourse. After the close, the panel said it found no evidence of involvement by organised crime. (Reuters)

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