Japan Stock Futures Up On Belief Negative Factors Played Out
November 17, 1997 01:36:17 GMT
HTS - HTS
TOKYO (Nikkei/Dow Jones)--The December Nikkei 225 stock
futures are sharply higher in morning trading Monday as
investors are sparking short-covering on the belief that
negative factors have been exhausted in the near term,
traders said...
...Investors are seen covering their short
positions to lock in profits on the belief that the contract
is unlikely to drop any further, traders said...
At 0123 GMT (8:23 p.m. EST Sunday), the December Nikkei
225 stock futures contract was up Y660, or 4.5%, at 15,720.
December Nikkei 300 futures were up 7.4, or 3.2%, at
236.9.
December Topix futures were up 53, or 4.5%, at 1,223.
December Nikkei 225 put options are lower, while calls
are higher. The 14,500 put was sold off. |
