Tokyo's Nikkei Closes Up 1.37%
Reuters, 03.26.03, 1:12 AM ET
forbes.com
TOKYO, March 26 (Reuters) - Japanese shares posted strong gains on Wednesday as investors snapped up battered stocks such as NTT DoCoMo Inc <9437.T> after a rebound on Wall Street, while selling eased ahead of the fiscal year-end on March 31.
"There is cautious optimism that the war in Iraq will still be over quickly, and bank selling has eased in recent days, providing support," said Masatoshi Sato, manager at the equity division of Mizuho Investors Securities.
The Nikkei average <.N225> ended up 1.37 percent at 8,351.92, bouncing back a day after its biggest percentage fall in three weeks. The capital-weighted TOPIX index <.TOPX> of all first section issues climbed 1.13 percent to 821.43.
NTT DoCoMo, the largest issue on the Tokyo bourse by market capitalisation, rose 1.76 percent to 231,000 yen after a six percent dive in the previous session.
Copyright 2003, Reuters News Service |
