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Nikkei hits 26-yr intraday low, then turns positive

2008-10-27 00:11:57 GMT (Reuters)

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(Updates with opening)

TOKYO, Oct 27 (Reuters) - Japan's Nikkei average on Monday fell to a 26-year low at the opening, with exporters such as Canon Inc <7751.T> extending losses on a strong yen, but it soon turned positive.

By 0008 GMT the benchmark Nikkei <.N225> had risen 0.7 percent or 53.78 points to 7,702.86, its lowest intraday level since 1982. The broader Topix <.TOPX> was down 0.6 percent to 801.27. (Reporting by Elaine Lies)

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