JAPAN-Nikkei-Time to go back up? Message Board

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

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To: TFF who wrote (439)	11/18/1997 7:54:00 PM
From: fut_trade	Read Replies (2) of 3902

Tokyo Stks Open Lower After PM Denies Public Funds Remark November 19, 1997 00:23:07 GMT HTS - HTS TOKYO (Dow Jones)--Tokyo shares are sharply lower in early trade Wednesday after Prime Minister Ryutaro Hashimoto said late Tuesday that he didn't suggest earlier that the government would use public funds to aid the banking system. The market is falling on arbitrage sales as the December Nikkei 225 futures on the Chicago Mercantile Exchange closed at a sharp discount to their finish in Osaka. December futures were on sell indication at 16,550.00 around 0012 GMT (7:12 p.m. EST Tuesday), compared with a close of 16,790 in Osaka Tuesday. ... "The market will give back all of Tuesday's gains," said Yoshio Watanabe, a manager at the derivatives section of Toyo Securities. Watanabe said the Nikkei could drop to as low as 16,200 Wednesday. ...

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