ECON-Japan's Stocks Nose Divegreenspun.com : LUSENET : Current News : One Thread |
Apr 9, 2001 - 02:13 AMStocks Down The Associated Press
TOKYO (AP) - The Nikkei Stock Average of 225 issues closed at 12,841.76 points on the Tokyo Stock Exchange Monday, down 542.00 points, or 4.05 percent from Friday. AP-ES-04-09-01 0213EDT © Copyright 2001 Associated Press. All rights reserved.
-- Anonymous, April 09, 2001
As of a couple of minutes ago. Time now 5:42 AM Central.Futures for the market:
DOW -162
Nas -25
S&P -2.20
-- Anonymous, April 09, 2001
Apr 9, 2001 - 07:00 AMTokyo Stocks Fall, Dollar Up Against Yen The Associated Press
TOKYO (AP) - Tokyo stocks tumbled Monday, sending the market's best- known indicator down more than 4 percent. The U.S. dollar rose against the yen. The benchmark 225-issue Nikkei Stock Average shed 542.00 points, or 4.05 percent, to close at 12,841.76. On Friday, the average rose 2.38 points, or 0.02 percent.
The dollar bought 124.76 yen, up 0.02 yen from late Friday in Tokyo and also above its late New York level of 123.97 yen on Friday. It traded between 123.98 yen and 125.03 yen in Tokyo on Monday.
The Nikkei fall was led lower by technology, brokerage and banking stocks, which lost ground as investors cashed in after last week's upswing. Traders said many investors were cautious amid concerns that a slowdown in the United States may make it harder for Japan to recover from its deepest slump in decades.
Adding to the gloom was central bank Gov. Masaru Hayami, who said Monday that Japan's economy "has reached a standstill" because of falling exports.
Exports have long been the driving force behind Japan's economic growth, but the slowing U.S. economy has cut into overseas sales.
The broader Tokyo Stock Price Index of all issues listed on the first section was down 31.33 points, or 2.38 percent, to 1,282.43 on Monday. The index fell 4.07 points, or 0.30 percent, on Friday.
Declining issues outnumbered advancers 915 to 379 on the first section, and 152 issues finished unchanged from Friday. An estimated 696.58 million shares traded, down from 975.19 million shares on Friday.
In currency trading, the dollar strengthened despite a bearish U.S. report, released Friday, showing that the nation's unemployment rate hit a 20-month high of 4.3 percent in March.
The euro was traded at 112.82 yen late afternoon Monday, up from 112.63 yen late Friday in Tokyo.
The yield on the benchmark 10-year Japanese government bond was unchanged at 1.2700 percent from Friday's finish. Its price stood at 98.50.
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On the Net:
Japan's Tokyo Stock Exchange: http://www.tse.or.jp
AP-ES-04-09-01 0659EDT © Copyright 2001 Associated Press. All rights reserved.
-- Anonymous, April 09, 2001
Apr 9, 2001 - 07:04 AMDollar Mixed, Gold Up The Associated Press
LONDON (AP) - The U.S. dollar was mixed Monday against other major currencies in European trading. Gold prices rose. The euro was quoted at 90.31 cents, up from 90.16 cents late Friday.
Other dollar rates included 125.30 Japanese yen, up from 123.90; 1.6936 Swiss francs, down from 1.6969, and 1.5631 Canadian dollars, down from 1.5668.
The British pound was quoted at $1.4452, up from $1.4392.
Based on euro rates, the dollar is worth 2.1645 German marks, down from 2.1681; 7.2594 French francs, down from 7.2714; 2.4388 Dutch guilders, down from 2.4429, and 2,142.84 Italian lire, down from 2,146.40.
Gold dealers in London fixed a recommended price of $260.90 per troy ounce at midmorning, up from $259.20 late Friday.
In Zurich the bid was $260.65, up from $258.75.
Gold rose $1.10 in Hong Kong to $261.05.
Silver closed in London at $4.42 per troy ounce, up from $4.35.
AP-ES-04-09-01 0704EDT © Copyright 2001 Associated Press. All rights reserved.
-- Anonymous, April 09, 2001