Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: WhatsUpWithThat who wrote (58576)	1/7/2000 1:52:00 AM
From: 2MAR$	Read Replies (1) of 108040

(REUTERS) Nikkei ends firmer, high-techs seen set to recover TOKYO, Jan 7 (Reuters) - Tokyo's benchmark Nikkei stock average ended barely firmer on Friday, buoyed by rising hopes that high-technology issues are poised for a recovery after recent setbacks and by solid buying in defensive sectors. The Nikkei 225 <.N225> closed 25.14 points or 0.14 percent higher at 18,193.41, after zigzagging between negative and positive territory throughout the day as players tried to guess whether high-tech shares had bottomed out. March Nikkei futures <0#JNI:> ended 270 points higher at 18,170. "Market sentiment is not that bad right now considering the strong correction in high-techs, with more winners than losers," said a strategist at a Japanese brokerage. "Everyone's watching when Sony will stop falling, and I think most see it doing so around this level."

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