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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up?

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To: borb who started this subject11/17/2003 7:32:06 AM
From: Julius Wong  Read Replies (1) of 3902
 
Tokyo's Nikkei plunges below 10,000
Wall St. slide, currency jitters send stocks to 3-month low

By Allen Wan, CBS.MarketWatch.com
Last Update: 4:01 AM ET Nov. 17, 2003


TOKYO (CBS.MW) -- Tokyo's key benchmark plunged almost 4 percent to end below the 10,000 level Monday as investors dumped banking, Internet and other technology stocks following Wall Street's decline Friday, terrorism jitters and worries that the yen's unrelenting rise could hurt Japanese exporters.


The Nikkei Average tumbled 380 points, or 3.7 percent, to 9,786.83 -- the first time it has fallen below the key 10,000 mark since Aug. 18. The broader Topix sank 3.5 percent to 971.


cbs.marketwatch.com
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