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

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From: Julius Wong4/24/2006 7:28:00 AM
   of 3902
 
Japanese Shares Slide 2.8%
On Yen's Surge Against Dollar

A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
April 24, 2006 7:10 a.m.

TOKYO -- Japan's benchmark stock index plunged 2.8% on Monday as major auto and electronics exporters were undermined by a jump in the yen's value against the U.S. dollar.

The Nikkei index of 225 selected issues fell 489.56 points to close at 16914.40 points. On Friday, the index added 0.5% to close at 17403.96. It was the largest point loss for the Nikkei this year, and the first time the index has closed below 17000 since March 29.

online.wsj.com
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